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Will American Tower Corp (NYSE:AMT) Stock Benefit From Latin America?

In American Tower Corp (NYSE:AMT) Latin America markets, rapidly evolving network technology is helping business. Initial voice networks, for the most part, have already been built out, and carriers are focused on third generation (3G) and fourth generation (4G) network build outs. American Tower Corp. (NYSE:AMT) operates in five reportable segments: U.S. property, Asia property, EMEA property, Latin America property and services. Let's take a look at American Tower Corp (NYSE:AMT) Latin America Revenue Streams below. AMT Latin America property segment had revenue growth of $37.8 million. 

Consumers in these regions are increasingly adopting smartphones and other advanced devices and, as a result, the usage of bandwidth-intensive mobile applications is growing materially. 

Recent spectrum auctions in these evolving markets have allowed incumbent carriers to accelerate their data network deployments and have also enabled new entrants to begin initial investments in data networks. Smartphone penetration and wireless data usage in these markets are growing rapidly, which typically requires that carriers continue to invest in their networks to maintain and augment their quality of service.

Let's have a look at  American Tower Corp (NYSE:AMT) number of new tower builds, acquisitions and Billings. 

Mobile data is expected to continue to show very high growth: between 2016 and 2021 monthly global mobile data is forecast to increase at a CAGR of 48%, increasing from 7 ExaBytes (EB) to 49EB per month. 

American Tower is a global independent owner, operator and developer of communications real estate. American Towers primary business is the leasing of space on multi-tenant communications sites to wireless service providers, radio and television broadcast companies, wireless data and data providers, government agencies and municipalities and tenants in a number of other industries.