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American Tower

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Wireless Tower Communication Operator, Cell Site Lease Solutions

Boston, United StatesFounded 1995Telecom

Valuation $88B Market cap · 2026

Revenue $11B Latest reported FY

EBITDA $7.28B Latest reported FY

About American Tower

American Tower Corporation, a global Real Estate Investment Trust (REIT), is an independent owner, operator, and developer of wireless and broadcast communications infrastructure. The company's primary business is leasing space on its multi-tenant communications sites to wireless service providers, broadcasters, and other network operators.

American Tower's portfolio includes over 220,000 communications sites globally. The company's business model is based on long-term leases with its tenants, which typically have initial terms of 5-10 years with multiple renewal terms. This provides a stable and recurring revenue stream. The company makes money by charging rent to tenants for the use of its tower space. The rent is determined by the amount of equipment the tenant has on the tower and the location of the tower.

The company serves a diverse range of clients, including major wireless carriers like AT&T, T-Mobile, and Verizon, as well as smaller carriers, broadcasters, and government agencies. American Tower operates in a market with high barriers to entry, as it is difficult and expensive to build new communications towers. The company's global presence and large portfolio of towers give it a significant competitive advantage.

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At a glance

Status: Listed
Founded: 1995
Headquarters: Boston, United States
Listing: IPO 2011
Employees: 6,134
Open positions: 41
Dealroom signal: 0.0/100
Industry: Telecom
Sector: Telecom, Telecommunications, Leasing, Outside Tech, Data Centers
Business model: Manufacturing
Client focus: b2c
Investment activity: 11 companies, latest Apr 2024
Capital deployed: $203M
Preferred round: ACQUISITION
Links: Website LinkedIn X

Knowledge graph

Founder mafia, market maps, research and news connected to this company by Dealroom

Funding history

10 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
POST IPO DEBT✓Debt	Sep 2026	$1.6B	—	Undisclosed	↗
POST IPO DEBT✓Debt	May 2026	$2.2B	—	Undisclosed	↗

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Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

Year	Revenue	Growth	EBITDA	Margin	Profit	Margin
2026	$11B	+3.4%	$7.3B	66.1%	$3.3B	29.7%
2025	$11B	+5.1%	$7.3B	68.9%	$2.5B	23.8%
2024	$10B	-9.1%	$6.9B	68.5%	$2.3B	22.3%
2023	$11B	+4%	$7.1B	63.6%
2022	$11B	+14.5%	$6.2B	58%
2021	$9.4B	+16.4%	$6.1B	64.9%
2020	$8B	—	$4.6B	56.8%

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Growth signals

American Tower website traffic

Latest recorded traffic for American Tower is 180K monthly website visits, up 38.5% over the last three months. American Tower's team grew 26.3% over the past year.

Latest monthly visits180K 3-month web change+38.5% 1-year team growth+26.3%

Monthly website visitsApr 2016–Feb 2024

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Open positions

Openings linked to this company in Dealroom

Assistant Office ManagerBoston, Massachusetts, United States, Northern America, Americas · Human Resources · Sep 30, 2026 Senior Buyer PlannerCary, North Carolina, United States, Northern America, Americas · Marketing & Communication · Sep 28, 2026 Payroll Manager, USBoston, Massachusetts, United States, Northern America, Americas · Accounting · Sep 24, 2026 Sr Analyst HRSantiago, Chile, South America, Americas · Human Resources · Sep 24, 2026 Senior Supplier Management SpecialistCary, North Carolina, United States, Northern America, Americas · CSM & Support · Sep 23, 2026 Manager, Property Payment OperationsWoburn, Massachusetts, United States, Northern America, Americas · Accounting · Sep 22, 2026 Technical Manager, Tower MaintenanceLagos, Nigeria, Western Africa, Africa · Other · Sep 17, 2026 Jovem AprendizSão Paulo, São Paulo, Brazil · Other · Sep 17, 2026

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Closest operating peers by Dealroom taxonomy

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CTChina TelecomChinese state-owned telecommunication company. It is the largest fixed-line service and the third largest mobile telecommunication provider in China	Xicheng District, China	Operational	7,260	—	$66B
MTMTNEmerging markets mobile operator	Johannesburg, South Africa	Acquired
FEFIMA Intelligent EngineeringSmart Infrastructure solutions company	Vilnius, Lithuania	Operational
IRIRIDEOSDigital infrastructure firm	Milan, Italy	Acquired
THTTC HOLDINGTTC HOLDING is a group of companies mainly engaged in telecommunication, ICT, elevator technology and real estate	Prague, Czechia	Operational
OTOni TelecomProvides communications and information technology solutions for corporates, SMEs, and operators	Lisbon, Portugal	Acquired
EXExpedientA multi-cloud approach designed to optimize application placement for the entire IT estate, with a full stack of universal management services designed to accelerate transformation journey	Lower Merion Township, United States	Acquired
CSColt Technology ServicesAn international IT services company	London, United Kingdom	Operational