American Tower Is Priced For Perfection

7/17/17

A few days ago I wrote an article on the Infrastructure REITs and I explained that the “infrastructure universe spans a broad range of subsectors”…and “over the next five years, wireless data usage is projected to grow at a compound annual growth rate of 57%.”

In the 2016 Annual Report, American Tower’s (AMT) CEO, James D. Taiclet, Jr., explains that “the mobile phone has emerged as an indispensable part of our daily lives. It has evolved from a simple talk and text device to a multifunctional necessity capable of internet access, entertainment, travel, health monitoring, document delivery and personal navigation, among countless other functions. As these handsets and their capabilities have grown and evolved, so too have the mobile networks upon which they rely.”

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