American Tower

AST SpaceMobile Updates Licensing Administration of its Satellite Constellation

Retrieved on: 
Tuesday, March 12, 2024
Technology, Mobile, Wireless, Satellite, Telecommunications, Aerospace, Manufacturing, Software, Networks, Hardware, FCC, International Telecommunication Union, Government, Millicom, Rakuten, Bell Canada, Saudi Telecom Company, Telephone, Smart Communications, AST SpaceMobile, Smartfren, Federal Communications Commission, AT&T, Indosat, Federal, Africell, Telefónica, Multimedia, ITU, TIM, Telecom Argentina, American Tower, ASTS, Mobile phone

View the full release here: https://www.businesswire.com/news/home/20240312576138/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240312576138/en/
    "Our planned satellite network will provide services globally, but this initiative represents a closer strategic alignment of our network buildout and future network operations with the United States," said Scott Wisniewski, Chief Strategy Officer of AST SpaceMobile.
  • “AST SpaceMobile is a U.S. based company, traded publicly on the NASDAQ, and has its primary satellite development and manufacturing capabilities in the United States.
  • AST SpaceMobile recently secured strategic investment from AT&T, Google and Vodafone, as well as a new contract award with the United States Government through a prime contractor.
  • Rakuten, American Tower and Bell Canada are also existing investors in AST SpaceMobile.

American Tower and ProFuturo join forces to bring educational innovation with technology to vulnerable schools

Retrieved on: 
Monday, March 25, 2024
Organization, Growth, Digital, Partnership, Education, School, Knowledge, United Nations Global Compact, Quality of life, Senior, Student, Poverty, Sustainability, Digital divide, American Tower, Public affairs, Sustainable Development Goals

The joint project will begin with a first phase focused on strengthening education with technology in 44 schools in Africa and Latin America, where ProFuturo and American Tower are active.

Key Points: 
  • The joint project will begin with a first phase focused on strengthening education with technology in 44 schools in Africa and Latin America, where ProFuturo and American Tower are active.
  • BOSTON, March 25, 2024 /PRNewswire/ -- American Tower and ProFuturo, the technology-enabled education innovation program of Fundación Telefónica and Fundación "la Caixa", announced their partnership to continue transforming children's education through technology.
  • ProFuturo and American Tower seek to support underserved communities with educational innovation and technology, enabling social programs to improve quality of life and ensure equitable participation in the digital world.
  • The alliance between ProFuturo and American Tower is a big step, she adds, to improve educational opportunities for the most vulnerable.

EXL Announces Appointment of Thomas Bartlett to Board of Directors and Retirement of Board Member Som Mittal

Retrieved on: 
Thursday, March 7, 2024
Otis Worldwide, ICT, National Association, AI, Business, Business Roundtable, Mittal, American Tower, OTIS, Communication, NAREIT, EXL, Verizon Communications, Real estate investing, Family, Knowledge, Som Mittal, Management

The company also announced that Som Mittal has notified the board that he will not stand for re-election at EXL’s 2024 annual meeting of stockholders and therefore will be retiring from the board in June 2024.

Key Points: 
  • The company also announced that Som Mittal has notified the board that he will not stand for re-election at EXL’s 2024 annual meeting of stockholders and therefore will be retiring from the board in June 2024.
  • “We are excited to welcome Tom to the board,” said Board Chair Vikram Pandit.
  • “On behalf of EXL and its board of directors, I would also like to thank Som for the wisdom and insights he has contributed since joining the board in 2013,” said Pandit.
  • “EXL is well positioned to take advantage of the coming AI economy, and I look forward to following its continued success.”

Crown Castle Reiterates Actions Underway to Enhance and Unlock Shareholder Value

Retrieved on: 
Tuesday, February 20, 2024
CFO, EVP, ValueAct Capital, T-Mobile, Retirement, American Tower, Letter, Annual general meeting, Consultant, Morgan Stanley, BofA Securities, Security (finance), CCI, Management

HOUSTON, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) (“Crown Castle” or the “Company”) today confirmed that Boots Capital Management, LLC (“Boots Capital”), which is led by Ted Miller, has nominated four candidates to stand for election to Crown Castle’s Board of Directors (“Board”) at the Company’s 2024 Annual Meeting of Stockholders. Mr. Miller is a co-founder of Crown Castle and resigned as CEO and a Director of the Company in 2001 and 2002, respectively.

Key Points: 
  • Mr. Miller is a co-founder of Crown Castle and resigned as CEO and a Director of the Company in 2001 and 2002, respectively.
  • The Crown Castle Board and management team are confident in the actions the Company is taking to remain well positioned for long term success and shareholder value creation.
  • The Crown Castle Board and management team value constructive dialogue with shareholders and regularly engage with an open mind to better understand their perspectives on the Company’s strategy, performance and business objectives.
  • While we recognize Mr. Miller’s contributions to the formation of Crown Castle more than twenty years ago, Boots Capital’s nominees do not possess the relevant expertise and experience to successfully oversee Crown Castle’s strategy.

CoreSite Featured in the CRN 2024 Data Center 50 List

Retrieved on: 
Thursday, March 7, 2024
Networks, Internet, Data Management, Technology, Software, Ecosystem, The Channel Company, Data center, CRN, American Tower, Organization, Data, CoreSite

CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), today announced that CRN , a media brand of The Channel Company focused on IT channel news, analysis and insight, named CoreSite to its 2024 Data Center 50 list .

Key Points: 
  • CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), today announced that CRN , a media brand of The Channel Company focused on IT channel news, analysis and insight, named CoreSite to its 2024 Data Center 50 list .
  • The Data Center 50 list recognizes organizations that expertly support data centers within the IT channel landscape, offering best-in-class solutions and services for premier data center management, protection and support.
  • According to CRN, the companies named in the 2024 Data Center 50 list range from specialized data center providers and colocation leaders to the world’s biggest tech companies that are innovating and shaping the industry.
  • “A data center is the physical building that stores a company’s digital data,” stated CRN.

American Tower Corporation Prices Senior Notes Offering

Retrieved on: 
Monday, March 4, 2024
Commercial Building & Real Estate, Construction & Property, REIT, Morgan Stanley, Security (finance), American Tower, J.P. Morgan & Co., Sale, Prospectus, BofA Securities

American Tower Corporation (NYSE: AMT) today announced the pricing of its registered public offering of senior unsecured notes due 2029 and 2034 in aggregate principal amounts of $650.0 million and $650.0 million, respectively.

Key Points: 
  • American Tower Corporation (NYSE: AMT) today announced the pricing of its registered public offering of senior unsecured notes due 2029 and 2034 in aggregate principal amounts of $650.0 million and $650.0 million, respectively.
  • The 2029 notes will have an interest rate of 5.200% per annum and are being issued at a price equal to 99.638% of their face value.
  • The net proceeds of the offering are expected to be approximately $1,281.3 million, after deducting underwriting discounts and estimated offering expenses.
  • American Tower intends to use the net proceeds to repay existing indebtedness under its $6.0 billion senior unsecured multicurrency revolving credit facility.

American Tower Corporation Announces Participation in Upcoming March Investor Conferences

Retrieved on: 
Wednesday, February 28, 2024
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Banking, Citigroup, Internet, Senior, American Tower, Deutsche Bank, Conference, Management

American Tower Corporation (NYSE: AMT) today announced that it will participate in the following upcoming March investor conferences:

Key Points: 
  • American Tower Corporation (NYSE: AMT) today announced that it will participate in the following upcoming March investor conferences:
    Tuesday, March 5, 2024, 1:05 p.m.
  • ET – Adam Smith, Senior Vice President, Investor Relations, is scheduled to speak at the Raymond James 45th Annual Institutional Investors Conference in Orlando, Florida.
  • ET – Steve Vondran, President and Chief Executive Officer, is scheduled to speak at Citi's 2024 Global Property CEO Conference in Hollywood, Florida.
  • For more information about American Tower, please visit www.americantower.com .

AST SpaceMobile's Abel Avellan Appointed Commissioner to the ITU/UNESCO Broadband Commission

Retrieved on: 
Wednesday, February 21, 2024
Public Policy, Government, Telecommunications, Satellite, Technology, Aerospace, Manufacturing, Mobile, Wireless, Rakuten, ASTS, Telefónica, Saudi Telecom Company, Multimedia, TIM, Telecom Argentina, American Tower, Bell Canada, Africell, AST SpaceMobile, Sustainable Development Goals, Smartfren, Telephone, Patent, Sustainable development, Millicom, Avellan, AT&T, Smart Communications, Indosat, Commission, Commissioner

AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, today announced the appointment of its Founder, Chairman, and CEO, Abel Avellan, as a Commissioner to the ITU/UNESCO Broadband Commission for Sustainable Development.

Key Points: 
  • AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, today announced the appointment of its Founder, Chairman, and CEO, Abel Avellan, as a Commissioner to the ITU/UNESCO Broadband Commission for Sustainable Development.
  • Under Avellan’s leadership, AST SpaceMobile has been at the forefront of technological innovation in developing the groundbreaking space-based cellular broadband network that is intended to offer direct broadband access to everyday smartphones.
  • “Being appointed to the ITU/UNESCO Broadband Commission is a privilege and an honor.
  • The ITU/UNESCO Broadband Commission for Sustainable Development's mission for 2030 is centered on leveraging broadband technology to catalyze global progress towards the Sustainable Development Goals.

Telecom Tower Market Set for Growth, Forecasts to 2030 Highlight Adoption of Advanced Wireless Data Applications in North America

Retrieved on: 
Saturday, February 3, 2024
Growth, Pressure, American Tower, Research, SBA Communications, Compound annual growth rate, AT&T, Mobile phone

DUBLIN, Feb. 2, 2024 /PRNewswire/ -- The "Telecom Tower Market Report: Trends, Forecast and Competitive Analysis to 2030" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Feb. 2, 2024 /PRNewswire/ -- The "Telecom Tower Market Report: Trends, Forecast and Competitive Analysis to 2030" report has been added to ResearchAndMarkets.com's offering.
  • The global telecom tower market is poised for expansion, with growing mobile connectivity and increased data traffic driving the demand for telecom tower installations across the world.
  • Fueled by ubiquitous mobile phone reach, heightened competition among service providers, and a rise in the number of telecom operators, the telecom tower market is on track to achieve a significant valuation by 2030.
  • Key Insights from the Global Telecom Tower Market Report:
    A detailed analysis showing sizable growth projections in both rooftop and ground-based telecom tower installations.

Crown Castle Appoints Bradley Singer to its Board of Directors

Retrieved on: 
Wednesday, January 17, 2024
CFO, Treasurer, ValueAct Capital, American Tower, Crown Castle, CCI, Audit committee, Discovery, Inc.

HOUSTON, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") announced today the appointment of Bradley E. Singer to its board of directors.

Key Points: 
  • HOUSTON, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") announced today the appointment of Bradley E. Singer to its board of directors.
  • Mr. Singer previously served as Chief Operating Officer and an Investment Partner at ValueAct Capital, Chief Financial Officer of Discovery Communications and CFO and Treasurer of American Tower Corporation.
  • He currently serves on the boards of directors of Sweetgreen, Inc. and Redfin Corp.
    “Brad’s extensive financial, investment and telecom industry experience adds valuable depth to our board,” said P. Robert Bartolo, Chair of the Crown Castle board of directors.
  • “We look forward to benefitting from his expertise as we continue to evaluate opportunities to enhance shareholder value from Crown Castle’s leading portfolio of communications infrastructure.”
    Mr. Singer will serve as a member of the Audit Committee.