American Tower Says 5G Investments Still Driving Demand -- Market Talk
American Tower says cell carriers' ongoing investments in their 4G and 5G networks is continuing to drive demand for the company's communications real estate. The real-estate investment trust owns data centers, cell towers and other telecommunications infrastructure that it leases out. Revenue in 1Q rose 4%, the company says, and the company says it saw organic tenant billings growth accelerate. Shares rise 1.4% premarket.