American Tower said its net loss for Q3 2024 was $(780) million, down 235.2% from a year earlier, and that the period included the $1.2 billion loss on the sale of ATC TIPL.

1. 01

   American Tower said its net loss for Q3 2024 was $(780) million, down 235.2% from a year earlier, and that the period included the $1.2 billion loss on the sale of ATC TIPL.

2. 02

   The company reported total revenue of $2,522 million for Q3 2024, Adjusted EBITDA of $1,687 million, down 0.9%, and AFFO attributable to AMT common stockholders of $1,237 million, up 2.6%.

3. 03

   The company said cash provided by operating activities for Q3 2024 rose 13.0% to $1,469 million, total cash capital expenditures were $433 million, and Free Cash Flow rose 16.2% to $1,037 million.

4. 04

   The company said it completed the sale of 100% of its ATC TIPL equity interests on September 12, 2024, and used the $6.0 billion in proceeds to repay existing borrowings under its 2021 Multicurrency Credit Facility. It also said it repaid the full India Term Loan, about $120 million.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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