{
  "id": 593582,
  "title": "American Tower at TD Cowen summit: towers stay central as networks densify",
  "url": "https://urgent.news/2026/08/11/american-tower-at-td-cowen-summit-towers-stay-central-as-networks",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-08-11T19:09:10.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/transcripts/american-tower-at-td-cowen-summit-towers-stay-central-as-networks-densify-93CH-4852471"
  },
  "original_language": "en",
  "account": "American Tower Corp. (AMT) attended the TD Cowen 12th Annual Communications Infrastructure Summit on 11 August 2026, where it reaffirmed the central role of towers in the evolving wireless landscape. The company's U.S. tower division, led by Executive Vice President and President Rich Rossi, emphasized that even as wireless carriers, satellite operators, and new network models vie for attention, towers remain crucial.\n\nRossi highlighted steady demand from densification and capacity upgrades, while noting near-term pressure from tough comparisons in services and Dish Network's final wave of churn. The company reported organic growth resilience despite the challenging environment, with the Dish churn issue impacting only the second quarter.\n\nRossi also pointed to a difficult comparison for the company's services business, which is being evaluated against 2025, the firm's best services year. Despite this, Rossi maintained that macro towers will remain central, even if some companies explore satellite or femtocell-based alternatives.\n\nLooking ahead, Rossi stressed that future spectrum cycles will continue to support tower demand, particularly as higher-frequency bands necessitate denser networks. The company expects continued demand from densification, rising data use, and new applications over the next several years.\n\nFinancially, American Tower reported a 6.65% revenue growth over the past year and nearly 74% gross profit margins. Analysts view the stock with a potential upside of 24%, with price targets ranging from $188 to $260. Rossi noted that comprehensive master lease agreements could benefit from future spectrum auctions and the move toward 6G.",
  "summary": "American Tower Corp. (AMT) reaffirmed its commitment to tower infrastructure at the TD Cowen 12th Annual Communications Infrastructure Summit, stating that its U.S. tower business remains well-positioned despite competition from wireless carriers, satellite operators, and new network models. Executive Vice President and President of the U.S. tower division, Rich Rossi, emphasized the company's resilience, noting that organic growth continues despite a challenging backdrop. Rossi highlighted the company's services business, which is facing a tough comparison to the best year in history, and noted that the recent Dish Network churn has been absorbed in the second quarter. The company sees continued demand for densification, rising data use, and new applications, with macro towers remaining central to wireless networks even as some traffic is handled through alternative systems.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Uniti at TD Cowen summit: growth, deals and fiber gains",
        "url": "https://urgent.news/2026/08/11/uniti-at-td-cowen-summit-growth-deals-and-fiber-gains",
        "published": "2026-08-11T22:38:06.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}