American Tower AMT

Real EstateMarket cap $95B5 connections

American Tower owns 220,000+ wireless towers globally - the steel structures that every cell carrier must lease to reach customers. 5G requires 3-5x more tower sites than 4G - every network upgrade drives tower lease renewals at higher rates. Its international towers (India, Africa, Europe) are its fastest-growing segment as 4G and 5G penetrate emerging markets. Tower leases escalate 3% annually in perpetuity.

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Customers 3

Companies American Tower sells to

T-MobileMedia & Telecom · $210BT-Mobile leases tower sites
VerizonMedia & Telecom · $165BVerizon leases tower infrastructure
AT&TMedia & Telecom · $140BAT&T leases American Tower cell sites

Partners 2

Strategic partnerships, joint products and alliances

EquinixReal Estate · $82BComplementary tower + DC infrastructure
Crown CastleReal Estate · $48BCompeting tower REITs

Other Real Estate companies

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Relationships are compiled by VexMap from company filings, announcements and reporting, and last reviewed September 2026. Spotted something wrong? Tell us. Not investment advice.