American Tower ends collocation agreement with DISH Wireless
American Tower (AMT) has terminated its master lease agreement (MLA) with DISH Wireless (DISH), citing DISH's failure to meet its contractual obligations. As a result, DISH will have a 90-day period to remove its equipment from American Tower's sites and will have to pay accelerated termination fees and deferred payment obligations, totaling roughly $500 million. This termination is expected to result in a $60 million to $70 million reduction in American Tower's full-year 2024 outlook for property revenue and adjusted EBITDA.
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