American Tower is one of the world's largest owners of wireless communications infrastructure, structured as a REIT with a portfolio of roughly 150,000 tower sites across the United States, Latin America, Africa, and Europe, plus the CoreSite portfolio of U.S. interconnection-dense data centers. The company leases antenna space on its towers to mobile carriers under long-term contracts with built-in escalators, a model where adding tenants to existing towers produces high incremental margins; U.S. leasing benefits from carriers' continuing 5G network densification, while international markets add faster subscriber-driven growth, though the company has exited India to reduce risk. CoreSite extends the platform toward edge computing and cloud interconnection. Founded in 1995 and headquartered in Boston, American Tower converted to a REIT in 2012.

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American Tower Corp