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American Tower’s Disciplined Capital Allocation

American Tower’s Disciplined Capital Allocation

American Tower (AMT) deployed $600 million of capital in 3Q17, bringing its year-to-date amount to $3.6 billion. It spent $488 million on discretionary capex (capital expenditure) for construction and an increase in capacity for its existing sites and acquire land. It spent $90 million in the form of non-discretionary capex.