Deutsche Telekom signs are pictured at the headquarters of the German telecommunications giant in Bonn, Germany, March 20, 2022. REUTERS/Wolfgang Rattay
BERLIN, July 14 (Reuters) – Deutsche Telekom ( DTEGn.DE ) expects its European tower business to consolidate further and said it now has capable partners, after announcing earlier on Thursday it would sell 51% of its tower business one consortium. read more
Telecom will continue to have a significant share of the industry after the transaction and benefit from further growth, CEO Tim Hoettges said.
However, the company will no longer have the business on its books, he said.
“They have deep pockets for the upcoming moves,” Hoettges added of the consortium partners – Canada’s Brookfield ( BAMa.TO ) and private equity group DigitalBridge Group Inc ( DBRG.N ).
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Reporting by Matthias Inverardi, writing by Miranda Murray, editing by Maria Sheahan Read also : US museums celebrate Ukrainian culture.
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How many countries is American Tower in?
Headquartered in Boston, Massachusetts, American Tower operates throughout the United States and in Argentina, Australia, Bangladesh, Brazil, Burkina Faso, Canada, Chile, Colombia, Costa Rica, France, Germany, Ghana, India, Kenya, Mexico, Niger, Nigeria, Paraguay , Peru, Philippines, Poland, South Africa, Spain and…
How many locations does American Tower have? ~221,000 global locations We offer solutions and services for the deployment and support of wireless networks in 25 countries located on six continents. See the article : Latinos unite against the United States.
Is American Tower in Russia?
American Tower Corporation (also known as American Tower or ATC) is an American real estate investment trust and owner and operator of wireless and broadcast communications infrastructure in several countries around the world headquartered in Boston, Massachusetts. On the same subject : As the real estate market cools, so does the market for agents.
Is American Tower A Fortune 100?
US Tower listed on Fortune magazine’s Fortune 500 for the first time in the company’s history. The Fortune 500 is a prestigious annual ranking of America’s largest corporations by total revenue and includes both public and private companies.
How many towers does American Tower own worldwide?
Our global portfolio of approximately 221,000 sites consists of towers in advanced, evolving and developing wireless markets, in various stages of wireless deployment.
What does American Tower do?
Founded in 1995, American Tower Corporation, one of the largest global real estate investment trusts (REITs), is a leading independent owner, operator and developer of wireless and broadcast communications properties with nearly 43,000 locations in the United States.
Is American Tower a good investment? American Tower (AMT 0.17%) has been an outstanding performer over the years. Since switching to a real estate investment trust (REIT) in 2012, it has produced nearly 17% annualized total return. That outperformed the broader market, with the S&P 500 delivering a 14.8% annualized total return over that time frame.
What real estate does American Tower own?
The company operates as a real estate investment trust (REIT), which owns, manages and develops multi-tenant communication properties. Its segments include US and Canadian assets, Asia Pacific assets, African assets, European assets and Latin American assets.
What companies use American towers?
American Tower The company’s three largest tenants are AT&T (19% of revenue), T-Mobile (18% of revenue) and Verizon (14% of revenue).
Why did Equinix convert to REIT?
"Equinix’s REIT conversion equates to substantial tax savings, which could potentially be reinvested back into the business in the form of additional capital to further strengthen its global position in new and existing markets," said Jabez Tan, senior analyst at Structure Research.
Does Equinix own real estate?
When did Equinix become a REIT?
Equinix went public in 2000 and began operating as a REIT in 2015.
Is Equinix a REIT?
Equinix is a leading global data center REIT, making it the best choice for exposure to this fast-growing industry. Long-term trends support strong demand and growth opportunities for data center facilities for most of this decade.
Why are REITs important?
REITs offer investors the benefits of investing in real estate along with the ease and benefits of investing in publicly traded stocks. REITs have historically provided investors with dividend-based income, competitive market performance, transparency, liquidity, inflation protection and portfolio diversification.
