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Stock impact report

American Tower Tests Tenant Resilience As DISH Defaults And Finance Team Shifts [Yahoo! Finance]

American Tower Corporation (REIT) (AMT) 
Last american tower corporation (reit) earnings: 4/29 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
American Tower (NYSE:AMT) has filed a legal complaint after DISH Wireless defaulted on payment obligations under a major mutual collocation agreement. The company is seeking a declaratory judgment to enforce the agreement and clarify ongoing obligations under the tower lease arrangement. American Tower has also appointed Paul Blanchett as its new Chief Accounting Officer, bringing experience from large, multinational companies. American Tower, one of the largest independent owners of wireless and broadcast towers, sits at the center of long term demand for mobile data, 5G build outs, and cloud connectivity. The dispute with DISH comes at a time when tower companies are closely watched for tenant concentration, contract terms, and payment reliability. For you as an investor, contract enforcement and counterparty quality are core parts of the business story for NYSE:AMT. Management has indicated that the direct near term financial impact from the DISH default is limited, but le Show less Read more
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