OTCQX:SREMF - Post by User
Post by
crytonon Jun 27, 2003 1:53am
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Post# 8135640
American tower
American towerFrom toron capital site.
AMERICAN TOWER CORP. $22.75
(AMT-NYSE) owns wireless communications and broadcast towers in the U.S. and leases them to wireless providers. In future years, voice communications (currently sent underground) will be used over the airwaves, especially by large corporate users, such as high-tech firms, media and banks. This should ultimately enhance American Tower’s revenue growth.
Recently, the company has acquired 192 wireless towers, with further plans to build another 100 towers. While debt has risen on the balance sheet, the company is currently more concerned with creating market share for longer-term returns.
Now only $8.68 so this news is pretty old.