CoreSite
2022
$10.1B
Why
To aggressively consolidate the data center market and execute a radical strategic pivot into the high-density data center and edge computing market, capturing the growing demand for AI compute and cloud colocation.
Impact
The acquisition instantly established American Tower as a major player in the US data center market, providing a massive pipeline of premium power capacity that attracts hyperscale cloud providers and enterprise customers.
Outcome
The integration of CoreSite has significantly diversified the company's revenue base, providing the highly predictable, high-margin revenue required to offset the normalization of the domestic 5G buildout cycle and fund the company's ongoing data center development.