American Tower Q4 Revenue Up, as Similar Growth Seen for This Year
American Tower Q4 total revenue rose 22 percent to $1.28 billion from Q4 2014 as profit rose by the same percentage to $206 million, it said in its earnings report Friday. Total property revenue in Q4 reached $1.25 billion --…
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an increase of 21.5 percent over the same quarter in 2014. The company reported spending close to $345 million on acquisitions in Q4, headlined by a $304 million payment for its previously closed purchase of sites in Nigeria from Bharti Airtel. "In 2016, we expect to extend our proven track record of generating double digit growth across our key metrics as we drive additional organic revenue on our existing assets and selectively seek complementary new investments," CEO Jim Taiclet said.