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Technology Stocks : AMT -- Ignore unavailable to you. Want to Upgrade?

To: LemurHouse who wrote (16)	1/12/2000 9:09:00 PM
From: Teddy	Read Replies (1) \| Respond to of 57

Andrew, here's a snip from Salomon Smith Barney (there is a law against posting the whole report) Salomon Smith Barney's Media & Telecom Conference Salomon Smith Barney Wednesday, January 12, 2000 * AMERICAN TOWER SENIOR MANAGEMENT PRESENT AT SALOMON SMITH BARNEY'S 10TH ANNUAL ENTERTAINMENT, MEDIA AND TELECOM CONFERENCE: Steve Dodge, President and CEO, and Joe Winn, CFO, presented at SSB's 10th Annual Entertainment, Media and Telecommunications Conference Tuesday, January 11, 2000. American Tower is bullish on its outlook for all 4 of its business segments: broacast towers services; teleports and wireless towers. Management continues to focus on new tower builds & maintaining a leading position in all segments. * BROADCAST TOWERS - Management remains attracted by the very good economics of broadcast towers and expect ROI's of 20% over the next 5 years. Management is confident that it will achieve its goal of $100 million in tall tower EBITDA in 5 years. * SERVICES - The company reaffirmed its commitment to the services business. Although this business typically has lower margins than the site rental segments, it does generate very good returns. Management expects this business to generate $100 million of EBITDA over next 5 years. * TELEPORTS - During AMT's upbeat presentation management presented a very bullish outlook toward this segment. We believe the teleport business is a great way to play the growth in international internet traffic. They indicated that this was another segment capable of producing $100 million of EBITDA within 5 years. * WIRELESS TOWERS- The wireless segment continues to perform well. AMT built over 1,050 new towers in 1999 and is confident it will attain its new towers build estimates moving forward. Lease-up of existing towers remains robust. An average of 2.5 tenants per tower in 5 years achieves 15% ROA, and 3.0 tenants per tower generates 19% ROA. Build-To-Suit backlog remains strong at 2500 towers.

To: LemurHouse who wrote (16)	1/13/2000 2:38:00 PM
From: LemurHouse	Read Replies (1) \| Respond to of 57

American Tower Completes $2.0 Billion Credit Facility biz.yahoo.com Thursday January 13, 1:15 pm Eastern Time Company Press Release BOSTON--(BUSINESS WIRE)--Jan. 13, 2000--American Tower Corporation (NYSE: AMT - news) today announced that it recently completed its amended and restated credit facilities to permit term and revolving loan borrowings of up to $2.0 billion. The facilities were arranged by TD Securities (USA) Inc., Chase Securities Inc., BNY Capital Markets, and Credit Suisse First Boston. Upon closing, the Company repaid all borrowings outstanding under its old credit facilities and borrowed $500.0 million under the new term loan. The new facilities will be used in part to provide financing for previously announced transactions scheduled to close in the first and second quarters of 2000, as well as for capital expenditures related to American Tower's ongoing construction plan. American Tower is the leading independent owner operator and developer of broadcast and wireless communications sites in North America. Giving effect to pending transactions, American Tower operates approximately 10,100 sites in the United States and Mexico, including approximately 300 broadcast tower sites. Of the 10,100 sites, approximately 9,000 are owned or leased towers and approximately 1,100 are managed and lease/sublease sites. Based in Boston, American Tower has regional hub offices in Boston, Atlanta, Chicago, Houston, San Francisco and Mexico City. For more information about American Tower Corporation and ATC Teleports, please visit our web sites www.americantower.com and www.atcteleports.com. This press release contains ``forward-looking statements' concerning future expectations, plans or strategies that involve a number of risks and uncertainties. The Company wishes to caution readers that certain factors may have affected the Company's actual results and could cause results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of the Company. Such factors include, but are not limited to (i) substantial capital requirements and leverage principally as a consequence of its ongoing acquisitions and construction activities, (ii) dependence on demand for wireless communications, use of satellites for internet data transmission, and implementation of digital television, (iii) the success of the Company's tower construction program and (iv) the successful operational integration of the Company's business acquisitions. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances.