American Tower Corporation (NYSE:AMT) Annual JPMorgan Global Technology, Media and Communications Conference May 13, 2025 10:50 AM ET
Company Participants
Steve Vondran – President and CEO
Conference Call Participants
Richard Cho – JPMorgan
Richard Cho
Hi. My name is Richard Cho. I cover Communications Infrastructure for JPMorgan. I’d like to welcome Steve Vondran, President and CEO of American Tower. Thank you for being with us today.
Steve Vondran
Happy to be here, Richard. Thanks.
Richard Cho
Steve, it’s been a little bit over a year since you took over as President and CEO. What were your biggest goals that you set out to accomplish last year, and what are your top priorities for this year?
Steve Vondran
Sure. Well, I grew up in a family-owned business. So I know that sales are the lifeblood of any business. So you’re always going to hear the first thing out of my mouth is going to be sales, and so focus on organic growth in the portfolio and making sure that we’re doing everything we can to maximize that organic growth.
The second priority for me and my team is to complement that growth with selective investments that we’re going to make in terms of capital priorities. And what we’ve done over the past year or so is become very focused on where that capital is going to go, and so you’ve heard us talk publicly about redirecting some of our capital to our developed markets, and that’s a deliberate structural change of what we’re doing to decrease some of the investments in emerging markets, increase the investments in developed markets, to improve our quality of earnings and to make sure that we lower some of the volatility that we’ve seen from the emerging markets.
Now we think that they’re a good part
