American Tower Corporation Appoints Neville R. Ray to Board of Directors and Declares Quarterly Distribution

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American Tower Corporation has announced the election of Neville R. Ray to its Board of Directors. Mr. Ray, who served as T-Mobile’s President of Technology until 2023, brings over three decades of experience in building and operating wireless networks. He joined T-Mobile (formerly VoiceStream) in April 2000 and held the position of Chief Technology Officer from December 2010 to November 2019. Additionally, Mr. Ray has held various leadership roles, including Network Vice President for Pacific Bell Mobile Services.

Mr. Ray currently serves on the board of directors, compensation committee, and environmental, social, and governance committee of Ziff Davis, a digital media and internet company. He also serves on the U.S. President’s National Security Telecommunications Advisory Committee (NSTAC). Furthermore, Mr. Ray has chaired the Board of Governors of 5G Americas and served as Vice Chairman of the Cellular Telecommunications Industry Association (CTIA). He has also been a member of the National Telecommunications and Information Administration’s Commerce Spectrum Management Advisory Committee (CSMAC) and the Federal Communications Commission’s Communications Security, Reliability, and Interoperability Council (CSRIC).

Steve Vondran, President and Chief Executive Officer of American Tower, expressed excitement about Mr. Ray joining the Board, highlighting his extensive experience and knowledge of the wireless industry. Mr. Vondran believes that Mr. Ray’s expertise will greatly benefit American Tower as it continues to execute its core principles, drive shareholder returns, and pursue sustainable growth.

Additionally, the Board declared a quarterly cash distribution of $1.62 per share on shares of the Company’s common stock. The distribution, payable on April 26, 2024, represents a slight decrease from the previous quarter’s dividend. The Company anticipates maintaining a relatively flat annual dividend payout in 2024, subject to Board approval and plans to distribute dividends on a flat quarterly basis throughout the year.

American Tower is one of the largest global REITs, specializing in multitenant communications real estate. With over 224,000 communications sites and a network of U.S. data center facilities, the company operates as a leading independent owner, operator, and developer in the industry. For more information about American Tower, visit their investor relations hub at their website.

Cautionary Language Regarding Forward-Looking Statements:
The press release contains forward-looking statements regarding the Company’s goals, beliefs, and expectations. Actual results may differ materially from those indicated due to various factors, as outlined in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements based on subsequent events or circumstances.