American Tower Corporation Reports First Quarter 2006 Results.

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American Tower Corporation Reports First Quarter 2006 Results.

BOSTON -- American Tower Corporation (NYSE: AMT):

FIRST QUARTER 2006 HIGHLIGHTS

--Total revenues increased to $320.4 million

--Adjusted EBITDA increased to $216.3 million

--Cash provided by operating activities increased to $151.7 million

--Repurchased $293.2 million of its Class A common stock to date

American Tower Corporation (NYSE: AMT) today reported financial results for the first quarter ended March 31, 2006.

Jim Taiclet, American Tower's Chief Executive Officer stated, "American Tower made significant progress over the past quarter. We have substantially completed the integration related to our merger with SpectraSite, while continuing to deliver strong performance across our entire portfolio. When compared to pro forma results for the first quarter of 2005, our revenues and Adjusted EBITDA grew 14% and 29%, respectively. Additionally, we continue to lead the industry in operating margins, which are now meeting our pre-merger levels.

"With our solid first quarter results and the strong performance of our wireless carrier customers, we expect to continue to deliver strong operating results as we focus on leveraging the quality of our diversified tower portfolio and integrated operations to meet our customers' needs. We are excited to build on our operational momentum as we continue to refine our processes to decrease our cycle ...

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