American Tower Revenues Up For Fourth Quarter
February 29, 2016 at 5:00 AM (PT)
AMERICAN TOWER CORP. fourth-quarter revenue rose 22.3% to $1.28 million, with Adjusted EBITDA up 21.2% to $802 million. Net income attributable to common stockholders jumped 22.2% to $206 million (48 cents/diluted share).
CEO JIM TAICLET said, “In 2015, we once again delivered double digit growth in revenue, Adjusted EBITDA and AFFO per Share while increasing our common stock dividend by nearly 30%. At the same time, we strengthened our positioning across our major markets, including in our home U.S. market through the VERIZON transaction, in BRAZIL through our TIM transaction, in NIGERIA where we launched operations in connection with our acquisition of sites from AIRTEL and most recently in India through our agreement to acquire a majority interest in VIOM.
"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, all while maintaining the strength of our balance sheet.”