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AMT On Our Minds

American Tower (AMT) will report second quarter earnings this morning before the market opens. They will host a conference call at 8:30 AM ET. Senior Analyst at Wells Fargo, Jennifer Fritzsche, shared her earnings preview of the tower company. The firm estimates Q2 total revenue, adjusted EBITDA and AFFO/share [adjusted funds from operations] of $1.18 billion, $760.6 million and $1.21 vs. Street consensus of $1.18 billion, $756.3 million and $1.21, respectively. The Wells Fargo analysts’ AFFO estimate is $509.9 million, up 7.6% year-on-year (y/y).


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Boxford Considers Wireless Committee

Because wireless communication needs are growing in Boxford, Massachusetts, city officials are considering creating a town-wide wireless committee. The committee would study and report on these issues. Planning board member Steve Merriam explained that he has sat in on three cell tower applications, and has gained a new perspective on the new technologies coming out, which inspired him to start the committee.


Wed, July 29, 2015