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American Tower sees US carriers ‘building through’ economic downturn

September 1, 2022

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American Tower Corporation’s U.S. Division has long-term facilities leasing deals with all four U.S. carriers with Verizon this week entering into a new arrangement to support its ongoing 5G deployment. Speaking earlier this month at Cowen 8th Annual Communications Infrastructure Summit, American Tower’s Steve Vondran, executive vice president and president of the U.S. Tower Division, discussed 5G deployment dynamics and talked through how he sees any potential economic downturn or recessionary economic climate impacting mobile network construction.

Vondran acknowledged some wage pressure and supply chain bottlenecks, although none having a material impact on American Tower’s business, and said historical trends would suggest an economic downturn will have minimal impact on 5G deployments.

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