CLAIM #6936 · American Tower Corp (AMT) · 2024Q4 earnings call · Feb 25, 2025 · due Dec 31, 2025
“So when you look at that guide for next year, there's a little bit more construction there, but overall activity is expected to be up year-over-year in terms of that.”
Steven Vondran · CEO
In context
“log of projects going into the year. So we do think that we are going to see some nice ramp-up in that in 2025. It is a combination of a couple of different aspects of the business though. We have our kind of normal services business, which is tied to just normal deployment where we are doing some work for the carriers on permitting things like that. We also have construction services that's becoming a larger component of that. And construction services are something that we don't do nationwide. We don't do it for all the carriers. It is really a very niche thing that we do for a couple of customers and a couple of markets, because we've been able to structure teams and deals there where we can earn a nice margin, but more importantly, serve our customers well and get them on air on time. So when you look at that guide for next year, there's a little bit more construction there, but overall activity is expected to be up year-over-year in terms of that. And so at this point, we have more visibility into the first half of the year. As I've said before, it is extremely hard to predict services for the full year because it's a little bit more variable. But we feel good about the guide we put out, and we'll continue to monitor it, and we'll see what happens in the back half of the year. Richard Choe: And then in terms of your Canadian business, can we get a little bit of color of how things are going there? And any desire to get bigger in Canada? Steve Vondran : Sure. It is a very small business for us. We just have a little over a couple of hundred towers there. And it's going well. It's growing well. We're seeing nice activity levels on it. The Canadian market is an interesting market. The carriers have not traditionally monetized their to”
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SEC filings for AMT ↗ · Claim quote is verbatim from the 2024Q4 earnings call.