American Tower beats quarterly revenue estimates on strong leasing demand
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American Tower on Tuesday beat Wall Street estimates for third-quarter revenue, helped by strong data center demand and robust spending from telecom companies on network coverage. Telecom firms are increasing investments in 5G rollout and mobile network infrastructure to meet the growing demand for internet services. "Leasing activity across our U.S. and international towers remains robust as carriers invest in network coverage and capacity," CEO Steven Vondran said. The company owns, operates,
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