American Tower Outperforms In Q4: Eyes 5G And AI-Driven Future
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American Tower Corp reported a 3.0% growth in revenue for Q4 2023, beating estimates. Property revenue increased by 4.6% and adjusted EBITDA increased by 3.2%. AFFO per share was down 2.1% year-on-year. The company expects strong demand for its communications infrastructure assets due to technological advancements such as 5G and AI. The stock price of American Tower Corp traded lower by 3.05%.
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