Thanks Tom, everyone and joining you and doing are well and thanks families today’s your healthy. call. for staying hope I
start off markets release, and in enhancement carriers network saw XG XXXX we’re the in in strong their ramps As as U.S. towards you deploy today’s international to capital a press in our initiatives. as up significant
Before results getting touch outlook, the I into and on a to want revised few for QX our the details highlights of quarter.
the acquisition of European be will believe transformational First, we announced for Telxius, business. we our which
signed with in for cash also master a XXXX. in property Dish growth attractive lease multi-year beginning We which locks us, revenue in agreement
Second, global demand our continues saw our strong billings growth throughout we towers this the for and quarter. both our volume bills new tenant in in of solid reflected and be to the in footprint high
to balance to highly capital continue our attractive refinancing investment notes at leverage and grade sheet, rates. issuing billion we existing in markets debt Third, unsecured senior the $X.X support
plan for we good capital. our Finally, the private made progress business, expanding including regarding financing European
details We our to quarter. our later and turn the expect tenant to for organic that, quarter. towers, of closing tranche growth billings first please be the plan we will and which this review prior X property revenue of communicate Slide to specific anticipate With I’ll
over nearly property or revenue XX% currency XX% This the revenue in portfolio These grew rates can excluding you prior of of on consolidated of our QX an property X.X% property served fluctuations. our international our growth $X.XXX essential tower the growth see, our As U.S. mobile period. and of and basis expectations of the FX-neutral year or throughout impacts of were the growth line revenue billion X.X%, and X.X% nature included to with continue importance right services markets. reflect by
slide, middle including was was Moving we were to our was Canada the the international had U.S., business once basis, growth billing in organic mechanics revenue significant to the the with X% On to organic commencement, In contributor consolidated within timing segment and U.S. X% and growth. right of gross and Escalators X.X%, churn side X% overall expected, growth our tenant a a our solid in X.X% range. our markets. of certain in our X.X%, impacted by quarter new T-Mobile. right historical a as MLA of again
For across X.X%. the to in full in in we Meanwhile, a was forward. ramp of was Nigeria coming tenants consumption mobile trends. in see In historical market particularly networks billings up was and with their Activity both also and we equipment once around actively to to generated regions, at highlight consistent right international tenant solid where we Africa quite come in year, as in Latin organic continuing X.X%, that expect escalators are America, deploying X%, growth we data going strong grows expect growth to continue our rapidly. again, growth
We and we latter also quarter XG. investments X% related tenant where growth India, line XG we in billings accelerating by Germany the in stages an expectations market. work saw and X.X%, churn continue through growth was with the of consolidated AGR in to our decline deployments organic particularly of Europe, had in as in a In new around leasing strong driven gross continuing
period in X,XXX from the in record contributions have market XXXX. up a build, On was the commenced new more the year solid complemented of monthly than business contributions XX% ATC level. another from new since we beginning representing the Notably, further million, business was quarter the side, constructed by than global and quarter, we more prior new which including gross sites new about versus $XX the saw
well XX.X%, on to late reversals benefits straight revenue nearly Turning last property business, EBITDA continued a footprint $X.XXX X, basis points the controls an of by first as with Cash prudent our revenue MLA percentage as up to for year to XX.X% organic our line was EBITDA over full to adjusted cost some of benefits the percent quarter quarter bad across XX.X% three related signed India. and the billion. growth along Slide in debt throughout margin the continued driven year. grew as the prior SG&A as yield or X.X% T-Mobile significant total Adjusted was FX-neutral scale
the cash in Moving high the million of capex. was of $XX well per of lines AFFO the booked XX%, Ghana conversion purchase and cash AFFO and in tax of largely to consolidated XX%. that than saw non-recurrence rate slide, for in to these Uganda last of interest our cash non-recurring our tax as cash rest the interest, consolidated right timing, about benefit so stake with low by QX of note several expected MTN’s share will around EBITDA, about are minority adjusted side and to back have rates one-time item, I highest associated cash trends by the growth businesses. maintenance as of each that this refund, up maintenance the These the we years. seasonally in over capex and grew lower Normalizing This pick included driven year year. are attributable quarter expected would the been growth expense
level we XXXX. the we that highest result, expect quarterly be a that share will QX AFFO of see As per in consolidated
and basis, been per FX-neutral would consolidated AFFO the on XX%. Finally, have share right growth an consolidated around quarter for AFFO
reviewing a few of the Let’s outlook, now year level high I’ll turn to where by start key revised drivers. our full
revenue expectations $XX international higher revenue through line to straight and fluctuations be of in internationally. by translational basis, at pass some the outlook reducing midpoint. an On due due property we the our markets, First, increasing property are FX-neutral to million negative we impacts our would FX our revenue of
well EBITDA pre-construction for for and acquisition contributions as driven and is in are the primarily slightly business. as to by expected outlook site work higher segment Second, these favorable we SG&A consolidated both adjusted permitting headwinds, FX EBITDA trends The our AFFO. our despite attributable more raising zoning from customers outperformance our adjusted services
are the improved AFFO anticipating we services in addition lower outperformance to expectation, the and cash interest for our taxes year. cash expense Regarding
our pending outlook revised Finally, our transaction its practice, Telxius financing. exclude historical impacts of the per our continues associated and to
iterations the and expect QX. in the and European with of we sites later majority second in be contributions. guidance further will into tranches, these some the forward American close expect of the full Latin as the to to quickly multiple immediately previously to portfolio to the the year let’s details the in consolidated Once of assets that, our revised We include our begin We rooftops accretive deal sites transaction turn to with to of look noted, integrating and, beginning the quarter AFFO per With share. German close, update expectations. the
consolidated on see pass straight projecting Slide line million The can FX being to growth decline international million revenue. due by through year-over-year and guidance revenue now we is of the to X.X% impact, the additional about $XX prior offset you midpoint. X, approximately compared in property at negative in $XX as translational As are is which partially
our reiterating Slide to footprint. see are growth our all leasing global projections expectations remains tenant organic billings as across that with Moving consistent the X, regions our environment we prior you’ll across
carriers organic We the densification U.S., to bands. in period as the by prolonged earlier, growth they as related roll continue a spectrum XXXX. Tom driven out XG anticipate multiple by growth outlined of we tenant to initiatives of strong billings In X% X% expect consolidated
into and to continue the XXXX. that expect through activity gross will We business year new accelerate
In on growth for tenant and in some increase challenges of as expect X%, expected usage their roughly Africa, generate mobile respond remains data the with trends by in Despite XG growth year. excess is the consistent incremental around Latin to America, driven we continue region, organic tenant be COVID primarily network customers to carriers billings spending to Looking carrier to billings X% activity investments. deployments. organic
strong inflect tenants We structures supporting where key with especially business and where are contract seeing continue positively our growth growth. new are to in Nigeria trends
into on growth back growth the anticipate organic Europe, over and side. are that tenant of year expect year, to we billings X% billings tenant gross As we seeing organic continue new to trends, we accelerate move solid above Africa X%. the for business particularly will In full the the of
are billings QX We’re what organic we where churn for in Germany, time. X% the especially hit in encouraged tenant by excluding seeing growth first
We carriers new initiatives positive going business trends begins XG and tenant roll incumbent their as new a its network. accelerate continue out expect forward as to to
organic in to flat we India, the Finally year. continue billings for tenant expect roughly
long stages expectation year While very sector our out. elevated we we that today this be we post-AGR given optimistic we the has wireless will that the maintain that With structural the consolidation as that in decade. of last process, believe late said, constructive in of the the particularly framework term market the we’re growth churn environment most the in probably favorable, see remain should the more itself sorts trajectory it been the is
than as indication in is lower compared spread our Around about U.S. is Moving across negative headwinds. in a the translational now impacts adjusted gross broad-based XX, to favorability, are in raising cash activity to SG&A $XX enabling Slide prior outlook. our tenants, in line margin, $X about in $X more in net is expected we we million our EBITDA and and and that of investment X.X% despite another FX straight view services incrementally $XX activity so outlook The offset million services seeing the and expect million early to year-over-year million FX are multiple stages of or network sustainable us growth acceleration.
us midpoint the $X.XX with XX, $XX per-share drive X% expectations impact. our outlook growth double-digit year FX On of outperformance upside this tax million to share. expect are for interest to an $XX year-over-year Turning segment growth as a unfavorable now also absorb and cash million and favorability continue our towards of and goal we cash to of delivering well implied enabling about as AFFO in we of about expect Slide full driving for basis, per growth. Services X% and raising over consolidated year net are in
expect Distributing XX, growth capital Moving consolidated strong, expectations continuing and deployment onto implying on our in let’s our Slide allocation to and common share. dividend subject billion review our a allocate shareholders approximately AFFO board’s we our to rate remains towards our our XX% consistent to continue which reflect our $X.X priority focus year-over-year broadly prior in capital growth are XXXX, per capital top with for approval. driving to outlook around sustainable XXXX, of
midpoint Regarding $XX to at a additional projections start-up U.S. million internationally. our and land capex, capex modest in raising expected investments are some we increase the due by
$XXX this later around the the acquisition billion transaction the to expect On year. we over front, and $X continue first quarter for spent to in deploy million Telxius
we European our assets. that made have to As we can to I more continue or capital our earlier, quality but business on This in the substantial plan private collaborate acquisition for includes Telxius and strategic confident where we expansion also on opportunities. help counterparties minority of bring purchase future only European front, on mentioned stakes not transaction progress the the remain us our financing in to European one Telxius to finance the business high
side advantage our in the a to On dollar offering range. five notes take business to net of debt other anticipate QX, attractive material expected revenues financing is be rates. euro and This near of euro-based U.S. leverage completed senior the continue Having term we the us unsecured debt to issuances in we denominated. expansion to times our are denominated our that to expect of will take enable equation, likely up consistent high highly with
preferred of Finally, mandatory equity covered any remaining a issuance capital private that isn’t need a will issuance. through be in debt common equity or convertible and/or issuances the funding form by
goal to but optimize a to not optimal transaction shareholder also continues this perspective enables structure to is capital only a from us be return. Our that way in fund
over program, a Turning XX, a last sites tenants. of to to build our to years I’d Slide minutes on by new our demand increasing which international accelerated few number few for key meet like spend the has new
level As have will expectations by record, we sites our a a new great including activity markets Tower XXXX our this the American XXXX, over we exceeded we’re adding for you X,XXX international and sites portfolio in in and year, built can to for our new see, since of through added to of a that In off X,XXX XXXX. towers, nearly XX,XXX quarter, construction. XXXX, start QX over only
our highly seeing QX, see were you new attractive APAC XX%. of one returns yields and added around of added yields capital returns build averaged over on sites, saw around we the highly we can region In where middle Moving more over new where day of are than we to one Africa deployed we sites, X,XXX the XX%, XX%. towards slide, we sites. in day attractive average XXX that NOI In
build record and midpoint we where anticipating of to the attractive returns our another is the majority where will new for We’re same investment across year be these X,XXX activity at most new and builds majority XXXX outlook. these deployments build expect sites new with of anchor Africa APAC The tenants. of vast of the drive focused regions, in grade
work scale Looking beyond for fast large as to existing data for partner with mobile believe scale, demand of increasing providing relationships infrastructure Tower trend networks. American to these in strong XXXX, with a in as surging we carriers continue favorable preferred populations markets service wireless record that our of and global demand to place their expect incremental enhance for MNOs this act growing and track deployments. position We a best-in-class levels
continue based our As over and sites the noted to take internationally, on are growing build the capital XX,XXX seeing deploying last to the demand sites call, portfolio by to targeting new such, new quarter’s opportunity for high international new XX,XXX on advantage construction years. projects, five next Tom we the are for look of we’ll return as we of
with the signed balance enhance to opportunistic sheet driving and sustainable pending were growth, on new XX in We through our term secure transaction, Europe another refinancing, recurring a in focused growth. transformational strong Telxius margin controls was and in activity. Finally solid remained long able U.S., value-additive Slide on summary, growth, QX cost and quarter the dividend MLA expansion, and of to a organic build deal continued
to We are With through the the excited the the compelling as about and we for seek turn to tower global rest making our I’d demand the Operator of forward space total call returns Q&A. additional to shareholders. year to deliver to fronts back over that, like many progress on for look
