February 23 2011 – 1:22 pm ET | Tracy Ford | RCR Wireless News
American Tower Corp. (AMT) posted strong fourth-quarter and full-year financial results, noting double-digital growth in both Q4 and full-year revenue and income. Going forward the company expects to earn between $330 and $370 million in 2011 on revenues of $2.2 billion to $2.24 billion.
The company also separated its U.S. operations from its international efforts as it considers moving to a Real Estate Investment Trust stock.
“2010 was an exciting year, as we continued to execute successfully on our strategic goals,” said CEO Jim Taiclet. “We announced expansion into five key new markets, Chile, Colombia, Ghana, Peru and South Africa, while also tripling our portfolio in India and continuing acquisitions and build-to-suit projects in the U.S., Brazil and Mexico.
