American Tower Corporation. (AMT) Presents at UBS Global TMT Virtual Conference (Transcript)

Dec. 06, 2021 2:23 PM ETAmerican Tower Corporation (AMT)
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American Tower Corporation. (NYSE:AMT) UBS Global TMT Virtual Conference Call December 6, 2021 10:00 AM ET

Company Participants

Rod Smith - EVP, CFO and Treasurer

Conference Call Participants

Batya Levi - UBS

Batya Levi

Okay, great. Welcome everyone to UBS Global TMT Conference. I’m Batya Levi, Communications Infrastructure Analyst at UBS. Our next presenter is Rod Smith, CFO of American Tower. Rod, thank you so much for joining us.

Rod Smith

Hey, welcome. Good morning, Batya. It's great to be with you.

Batya Levi

Great. Thank you. So, I wanted to start off with maybe a quick overview of your strategic focus for the company as we head into next year. This year was very eventful, what should we expect from AMT in '22?

Rod Smith

Yes, it's a great question. We had a very active, certainly 2021. And we had a very active 2020 as you know. Going forward, our strategic priorities are not different than they have been in the past, so we're certainly going to be focused and even hyper focused on driving strong, sustainable, organic growth across our businesses globally. And that's really represented in organic tenant billings growth on our tower sites around the globe.

And I will say we're excited about what we see in terms of demand for tower space globally. Much of that demand is being driven by the global rise in data consumption, through mobile networks that ends up running through tower sites. Of course, we see many carriers around the globe investing in 4G networks and building out 4G networks.

We're seeing a rise in smartphone penetration around the globe, and that's driving certainly data consumption in a lot of the emerging markets in Latin America, India, and Africa, of course, the U.S and Europe are well entrenched in the 4G technology. And we're excited about

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