Invest2Growcom
Oct 9, 7:39 PM
$AMT AMT is having a big day, near 181.70, up about 9.04 percent, and I can't find a company specific headline for it.
What I can point to is the timing. Today SpaceX agreed to buy low band spectrum to push Starlink Mobile, and Reuters noted its plan includes ground radios and antennas on towers and rooftops. While AT&T, Verizon, and T-Mobile sold off, my read is that investors are betting a new network builder needs tower space.
That's my interpretation, not something American Tower has said, and I haven't seen a statement from the company or SpaceX about leasing.
It cuts both ways. The long running worry was satellites replacing towers, so a hybrid plan that uses them is a different message.
I'd want to see actual leasing commentary before getting carried away.
Follow me if you want more on the tower names.
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