AMERICAN TOWER CORPORATION (NYSE:AMT) Files An 8-K Regulation FD Disclosure
Item 7.01
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Regulation FD Disclosure.
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outlook on February 27, 2017, American Tower Corporation (the
Company) amended a master lease agreement with one of its
tenants. Based on the amendment, the Company now expects to
recognize at least $100 million in additional straight-line
revenue for the year. The Company has therefore revised its
guidance for the full year 2017, and now expects total property
revenue, net income and Adjusted EBITDA of $6,310 million to
$6,490 million, $1,275 million to $1,345 million and $3,910
million to $4,010 million, respectively. The Companys guidance
for other measures is not impacted.
available to investors updated presentation slides regarding its
revised guidance. These presentation slides will be available on
the Companys website, www.americantower.com, under the Investor
Relations tab. Adjusted EBITDA is a non-GAAP financial measure.
The definition and reconciliation to the most directly comparable
generally accepted accounting principles financial measure are
included in the presentation, which is furnished herewith as
Exhibit 99.1.
purposes of Section 18 of the Securities Exchange Act of 1934, as
amended (the Exchange Act), or otherwise subject to the
liabilities of that section, nor shall such exhibit be deemed
incorporated by reference in any filing made by the Company under
the Securities Act of 1933, as amended, or the Exchange Act,
except as expressly set forth by specific reference in such a
filing.
repurchase program adopted by its Board of Directors in March
2011 (the Buyback), to which the Company is authorized to
purchase up to an additional $1.1 billion of the Companys common
stock. Under the Buyback, the Company is authorized to purchase
shares from time to time through open market purchases or
privately negotiated transactions at prevailing prices in
accordance with securities laws and other legal requirements, and
subject to market conditions and other factors.
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Exhibit No.
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Description
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99.1
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Investor Presentation (Furnished herewith).
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About AMERICAN TOWER CORPORATION (NYSE:AMT)
American Tower Corporation (ATC) is a holding company. The Company operates as a real estate investment trust (REIT), which owns, operates and develops multitenant communications real estate. ATC’s segments include U.S. property, Asia property, EMEA property, Latin America property, Services and Other. Its primary business is property operations, which include the leasing of space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities, and tenants in various other industries. Its U.S. property segment includes operations in the United States. Its Asia property segment includes operations in India. The EMEA property segment includes operations in Germany, Ghana, Nigeria, South Africa and Uganda. The Latin America property segment includes operations in Brazil, Chile, Colombia, Costa Rica, Mexico and Peru. Its services segment offers tower-related services in the United States. AMERICAN TOWER CORPORATION (NYSE:AMT) Recent Trading Information
AMERICAN TOWER CORPORATION (NYSE:AMT) closed its last trading session 00.00 at 115.98 with shares trading hands.
