American Tower has raised its full-year revenue forecast after reporting strong first-quarter results, driven by rising demand for mobile data, cloud services and artificial intelligence infrastructure.

The company, which owns and operates telecommunications towers globally, is benefiting from increased leasing activity as telecom providers expand network capacity.

This expansion is being fuelled by the growing use of smartphones, streaming services and connected devices.

Executives highlighted that the rapid adoption of AI technologies is also contributing to demand for digital infrastructure, as data centres and communication networks require greater capacity and reliability.

Revenue for the quarter exceeded expectations, reinforcing confidence in the company’s growth outlook. American Tower now expects higher total property revenue for the year compared to previous forecasts.

Analysts say the results underscore the critical role of infrastructure in the digital economy. As data consumption continues to rise, companies that provide connectivity solutions are well-positioned for sustained growth.

Source: Reuters