CoreSite
2022
$10.1B
Why
To 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 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 predictable, high-margin revenue required to offset the normalization of the domestic 5G buildout cycle and fund the company's ongoing data center development.