American Tower (AMT), AT&T Mexico Reach Agreement on $300M Tower Payments

American Tower Corporation (NYSE:AMT) ranks among the best real estate stocks to invest in. On September 23, American Tower Corporation (NYSE:AMT) declared that both it and AT&T Mexico had come to an agreement on tower rent payments in Mexico. The company case filing claims that because of an ongoing legal disagreement between the two parties, AT&T Mexico, which contributed around $300 million of American Tower’s tenant revenue in 2024, has been withholding tower rent payments since the start of 2025.

AT&T Mexico will start monthly payments for the bulk of its outstanding tower fees and remit payment of the majority of the withheld tower rents under the new agreement announced on September 22.

Based in Boston, Massachusetts, American Tower Corporation (NYSE:AMT) is a real estate investment trust that specializes in data centers and telecommunications. The company, which has over 221,000 properties globally, is essential to the development of fiber-optic networks that link 5G small cell sites to the internet.

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Disclosure: None. This article is originally published at Insider Monkey.