American Tower Corporation Reports Third Quarter 2014 Financial Results
finance.yahoo.com
Total revenue increased 28.5% to $1,038 million
Adjusted EBITDA increased 26.2% to $666 million
AFFO increased 25.2% to $460 million
Domestic rental and management segment revenue increased 25.2% to $664 million
International rental and management segment revenue increased 30.3% to $348 million
Network development services segment revenue was $27 million
Jim Taiclet, American Tower’s Chief Executive Officer stated, “Our combined domestic and diversified international portfolio delivered nearly 12% Organic Core Growth in the third quarter. Consumer adoption of increasingly advanced mobile devices and services, which ultimately drives our organic growth, continues unabated in both the U.S. and in our other served markets.
In our latest analysis of the individual factors that correlate to American Tower's U.S. organic growth rates, the increase in the amount of total mobile data traffic emerged as the number one driver. This, coupled with forecasts that U.S. mobile data usage is expected to double every two years through at least 2018, gives us confidence in the strength of our long-term domestic growth trajectory. Moreover, since nearly all of our international assets are in markets that are three to ten years behind the U.S. in the deployment of mobile broadband services, we continue to believe that these markets will further enhance and lengthen our overall long-term growth trajectory.” |
