American Tower: Data Center Expansion Drives Growth, Slightly Overvalued (NYSE:AMT)

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American Tower Corporation (NYSE:AMT) is a REIT that owns and operates a global portfolio of wireless and broadcast communications properties. AMT’s core business is leasing space on its towers to wireless carriers, broadcasters and other tenants to provide critical infrastructure for their networks. In recent years, AMT has expanded its footprint through acquisitions of companies that own and operate data centers, expanding its reach into the fast-growing cloud computing and digital infrastructure sectors.

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Expanding its data center footprint through acquisitions

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