American Tower Continues Its Global Domination : vimarsana.c

American Tower Continues Its Global Domination


American Tower Continues Its Global Domination
Millionacres
1/20/2021
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American Tower Continues Its Global Domination
American Tower (NYSE: AMT) is a behemoth in the real estate investment trust (REIT) sector. The communications-focused infrastructure REIT currently clocks in at a nearly $100 billion market cap, more than $25 billion above the next-largest REIT, industrial giant
Prologis (NYSE: PLD). American Tower has grown to such a large scale by gobbling up cell towers in the U.S. and expanding overseas, becoming the largest global tower operator.
That global scale is about to get even bigger after the company agreed to buy Telxius Towers, a large-scale communications site owner in Europe and Latin America. Here's a closer look at the transaction and its impact on the company.

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