Macquarie Says Outlook Improving for American Tower
American Tower faces both challenges and opportunities, a Macquarie Capital analyst wrote investors Monday after meeting with Chief Financial Officer Tom Bartlett. "Though its expansive international presence is clearly a standout, the domestic tailwinds are now just as great,” Amy…
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Yong emailed. “Areas of upside include FirstNet, 600 MHz spectrum deployment, and an expanding wireless industry that could include” Dish Network-Amazon, cable and IoT, Macquarie said. A Sprint/T-Mobile could prove positive long-term for the tower company, Macquarie said: "Management noted that previous mergers have actually resulted in 20-25 percent greater activity” from the new company. On FirstNet, AT&T’s infrastructure investments likely will come mostly next year, but could start later this year, after AT&T won the contract to build the network, the firm wrote.