{"id":1494,"date":"2024-02-29T01:35:19","date_gmt":"2024-02-29T01:35:19","guid":{"rendered":"https:\/\/infrastructurebrief.com\/?p=1494"},"modified":"2024-03-02T01:40:59","modified_gmt":"2024-03-02T01:40:59","slug":"american-tower-stumbles-in-latin-america","status":"publish","type":"post","link":"https:\/\/infrastructurebrief.com\/american-tower-stumbles-in-latin-america\/","title":{"rendered":"American Tower Stumbles in Latin America"},"content":{"rendered":"\n

American Tower Corporation (ATC), the biggest wireless tower player in Latin America, fell short of its deployment target for the region in 2023. The Massachusetts-based towerco had planned to deploy around 300 towers in Latin America, out of a total of 4,000 worldwide. However, ATC ended the year with only 210 towers built in the region, according to its latest operations and financial report.<\/p>\n\n\n\n

Despite this setback, the company reported 1.9% year-on-year LatAm property revenue growth in Q4 to US$435mn, and 6.3% in the full year to US$1.80bn. The region is ATC\u2019s second biggest revenue-generating geography after the US & Canada. The expected churn for this year relates mainly to contract cancellations and lease renegotiations following telco consolidations in Latin America, notably the acquisition of Oi\u2019s mobile business.<\/p>\n\n\n\n

News in: ICT (Brazil)<\/h2>\n\n\n\n