CLAIM #6678 · American Tower Corp (AMT) · 2023Q2 earnings call · Jul 27, 2023

“And as the 4G cycle rounds out over the next few years, and we move toward 5G and the densification requirements that come with it, we expect capacity utilization across the assets we've built over the last several years to result in ongoing compelling growth.”

Tom Bartlett · CEO

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In context

“roximately 25%. And approximately 65% of these sites have been built since the start of 2017 alone shortly after we crossed the 100,000 international site mark. Nearly 8000 of these sites have been built in Africa, where our scale presence and strategic relationships with key wireless operators have afforded us the opportunity to build several 1000 new sites in recent years, that typically deliver mid teen yields on day one. As we continue to augment our scale in key markets across the region, 4G investments, which are very much in the middle innings today are driving compelling organic tenant billings growth and our existing assets, including an expectation for greater than 11% growth in 2023, of which approximately 7% is coming from colocation and amendments, the highest of any region. And as the 4G cycle rounds out over the next few years, and we move toward 5G and the densification requirements that come with it, we expect capacity utilization across the assets we've built over the last several years to result in ongoing compelling growth. Meanwhile, our regional scale and leading capabilities have resulted in the opportunity to invest in accretive platform extensions, such as our power as a service program in Africa. As you'll see in our recently published sustainability report, through 2022 we've invested approximately $345 million in this program, primarily in solar arrays and lithium ion battery solutions. As a result, we decreased annual diesel consumption at our sites in the region by an estimated 43.5 million liters when compared to business as usual operations and we've reduced our greenhouse gas emissions intensity per tower by 21%, against our 2019 baseline. Based on the demand to extend this program, it seems clear that this solution provides compelling differentiated value to our customers. At the same time, t”

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SEC filings for AMT ↗ · Quote is verbatim from the 2023Q2 earnings call.