American Tower Corporation has delivered a notice of termination to DISH Wireless, ending their Strategic Collocation Agreement and related agreements effective June 2, 2026. The company stated that all DISH-related revenue has been reflected in churn since January 1, 2026, so the termination is not expected to impact its 2026 financial results. American Tower continues to pursue litigation against DISH over obligations under the agreement. Separately, Bernstein upgraded American Tower to Outperform with a $207 price target, citing an attractive valuation near five-year lows and arguing that direct-to-device satellite technology will still require terrestrial infrastructure, supporting demand for tower assets.
American Tower CorpBernstein upgrade to Outperform with $207 PT citing attractive valuation and demand for tower assets.