American Tower Corporation is a real estate investment trust (REIT) that owns and operates roughly 150,000 wireless towers across the United States, Asia, Latin America, Europe, and Africa. Through its CoreSite segment, the company also owns and/or operates 30 data centers in 11 U.S. markets. Its tower business has a highly concentrated customer base, with most revenue in each market coming from the top three or four mobile network operators. American Tower operates 42,000 towers in the U.S., which generated about half of total revenue in 2025. Internationally, it manages around 47,000 towers in Latin America, with Brazil representing the largest market, along with 33,000 towers in Europe and 28,000 towers in Africa.