American Tower Corporation recently released financial results for the first quarter of 2021, where they posted significant increases in both revenue and net income. Along with a strong first quarter, American Tower’s Chief Executive Officer, Tom Bartlett, outlined expectations for worldwide growth throughout the year.
In addition to entering agreements with Telxius Telecom, SA., through which the company expects to acquire Telxius’ European and Latin American tower divisions, American Tower spent $115 million for 116 communications sites, which includes 48 sites in the U.S.
Master Lease Agreement with DISH Network Corporation
The first quarter of 2021 also saw the company enter a master lease agreement with DISH Network Corporation. As we have shared previously, Dish has been steadily rolling out its 5G plan. Expect to see cash lease payments from DISH under the MLA beginning in 2022.
What Does This Mean for Leaseholders?
American Tower’s growth is good news for cell tower leaseholders.
According to Bartlett, “Looking forward in the U.S., we expect that the gathering 5G momentum will enable us to leverage our extensive site portfolio and mutually beneficial relationships with key tenants to drive sustainable, predictable, recurring long-term growth in cash flows.”
As American Tower moves into the 2nd and 3rd quarters of the year, they will contact existing cell tower lease holders to discuss current sites. While tower companies will invariably try to get you to accept contract terms far below their value, Vertical Consultants negotiates higher rents and better terms for their clients than those working alone do.
Our experts can help you get the best deal possible. Before you sign anything, contact Vertical Consultants at 877-456-7552 for a free consultation.
