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Benzinga
Benzinga
Business
Anusuya Lahiri

Verizon Targets American Tower With Expensive Relocation Plan, Analysts Warn

Stuttgart,,Germany,-,06-19-2021:,Smartphone,With,Logo,Of,Us,Infrastructure

American Tower’s (NYSE:AMT) growth outlook remains tied to muted carrier activity, with T-Mobile US (NASDAQ:TMUS) driving colocations to meet Federal Communications Commission (FCC) buildout rules while Verizon (NYSE:VZ) and AT&T (NYSE:T) continue network upgrades that bring only incremental leasing revenue.

Colocation activity has picked up, but American Tower faces pressure as Verizon launches a high-rent relocation program, targeting its largest tower landlord ahead of a key master lease expiration.

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