American Tower (AMT) Tops Q1 FFO Expectations
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American Tower Corporation Reports First Quarter 2016 Financial Results
April 29, 2016 7:00 AM EDTCONSOLIDATED HIGHLIGHTS
First Quarter 2016
Total revenue increased 19.4% to $1,289 million Property revenue increased 19.3% to $1,268 million Adjusted EBITDA increased 15.1% to $833 million AFFO increased 17.3% to $602 millionBOSTON--(BUSINESS WIRE)-- American Tower Corporation (NYSE: AMT) today reported financial results for the quarter ended March 31, 2016.
Jim Taiclet, American Towers Chief Executive Officer stated, The global proliferation of smartphones is driving significant growth in subscriber demand for higher bandwidth applications. As a result, during the... More
