American Tower Corporation announced that it and AT&T Mexico have reached an agreement regarding tower rent payments in Mexico. This resolution addresses an ongoing legal disagreement between the two parties concerning contractual obligations.
The agreement involves AT&T Mexico making $300 million in tower payments to American Tower. This financial settlement provides clarity and stability regarding revenue streams from a key customer in the Latin American market.
This resolution is significant for American Tower as it mitigates potential financial uncertainty and strengthens its customer relationships in the region. The agreement underscores the value of American Tower's communications infrastructure to major wireless carriers.
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