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American Tower Execs: India Growth Will Continue Despite Consolidation, Churn

American Tower Execs: India Growth Will Continue Despite Consolidation, Churn

Submitted by • March 2, 2020 www.communicationstoday.co.in

American Tower Corp. executives said Feb. 25 that the company’s growth in India will continue despite mobile carrier consolidation and a general “reordering” of the mobile industry in the country.The communications real estate investment trust expects organic tenant billing growth to be “essentially zero” in India in 2020 after a roughly 20% decline in 2019, assuming a 12% customer churn rate from carrier consolidation, CFO Thomas Bartlett said on an earnings call, adding that the impacts from consolidation are “largely over.”

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