Richard Chen's questions to American Tower Corp (AMT) leadership • Q3 2024
Question
Richard Chen requested an update on cost management initiatives and asked about the potential for further divestitures in emerging markets where American Tower may lack sufficient scale or face challenging long-term trends.
Answer
Steven Vondran, President and CEO, highlighted ongoing SG&A reductions and a broader, long-term focus on globalizing operations to expand margins. Regarding divestitures, he stated that while there is nothing planned on the scale of the India sale, the company continuously evaluates its portfolio for value maximization, citing recent smaller sales of land and fiber assets as examples of this ongoing process.