joining and thank well. hope are call. And you, you everyone Tom. families I Thanks, your for today's
their release, continued saw for in carriers as global strong a meaningful our press you by networks. augment and quarter, to second demand solid As had our sites communication extend capital deploy driven to we
portfolio our which in We expect attractive to for global $XX carriers across full for expected global support is spend growth billion the year, of CapEx to upwards our business.
the results our quarter outlook, quarter. getting into on touch Before a achievements for second details of want year I raised and the full few to key
build and remaining we Europe on so, are M&A X,XXX the by approximately including rooftop the America, track other early First, German nearly we August. in closed Telxius Overall, as across to our our expanded sites sites the part new add acquisition, global count site of XX% and program, small Telxius in Latin XX,XXX our on in scale quarter. deal, or
financed we Europe. as to partners and agreements an the be including way, minority strategic Allianz in Telxius in to Second, add optimal what believe transaction we CDPQ
billion the in We euro than approximately markets also more in debt raised and equity. $X.X common attractive billion at issued $X highly rates,
and to grade growth continue while strong investment well-positioned time managing our leverage the are same capital, maintaining We at effectively sheet. balance to our deploy
demand and build and continued with growth new Finally, organic both sequentially in for higher activity. existing strong quarter, our new assets across global footprint as accelerated the expected,
that organic in quarters. X, we our the an revenue drive please services quarter Slide addition, existing levels our property to business comprehensive segment, coming tenant is U.S. our of property our growth. combined turn With environment In and review new MLAs in attractive expected that, demand with to QX record a billings in higher segment in gross booked I'll reflecting
transactions growth year-over-year, or XX%, on approximately property of revenue on contributions network reversals. and deployments advantages international multiple of diversification $X.X XX% As Growth a included of higher levels grew revenue one revenue globe. and that XXXX, XX% the sites. around and property by Telxius from you and of consolidated see, of the M&A our reserve U.S. non-recurring our of FX-neutral favorably ability billion to our rates closed late revenue an reflect or concurrent pass-through in can also month benefit global currency of impacted was settlements from This straight constant U.S. property in basis. nearly technology by basis. revenue, line XX% growth These growth the XX% some
growth the growth a billings XG our major continues Canada, revenue Nigeria, to around organic On activity the again a points. and in XX% X.X% driven activity under X%, saw U.S. marketplace last and slide, basis led by quarter. including over was of growth. X% billings of last X.X%, in quarter. in significant from with billings tenant flow contributor to last XX% X.X%, up our were an where the of African was major organic we tenant America with the and Outside basis, X.X%, new colocations organic to the was their and sequential quarter to X.X%. of Moving growth primarily Latin growth. Canada Escalators QX, billings markets X.X%, activity nearly our reflecting U.S. of step was active year business the right growth X.X% benefit Brazil. site of a the to MLAs. in included growth side in tenant and overall from through were We up acceleration consolidated Organic contribution growth we higher escalators, all carriers the of This from commencements and organic U.S. a our deployments way in churn MLA acceleration growth comprehensive organic in the continue drove tenant buildings tenant XX a during a solid across sequential amendment advance, customer. by driven primarily to of
in X.X%. quarter. the India, also we healthy gross of legacy new activity, This Notably, had than gross points quarter essentially tenant more billings drove organic basis XG. rising XXX accelerating business deployments levels continued by driven with business German saw growth X%, in an and to billings to a of organic than churn. X.X%, investments solid but elevated more first our included tenant also continuing flat growth Europe, We sequentially decline in of Meanwhile, fairly XG organic
XX% Turning EBITDA by prudent line points basis QX of or the to driven XX% organic over $X.X was X.X%. Adjusted total billion. XX.X%, nearly EBITDA adjusted levels XX higher to around revenues. percent straight Slide FX-neutral an prior SG&A, grew benefits margin year, on X, up basis continued controls Cash, as and property from cost around growth, business the was throughout a of revenue our
right Moving to slide, growth per XX%. consolidated with AFFO the was nearly of XX%, the side share growth of about
newly consolidated Continued would share efficient throughout around and of solid been an basis, to over have sheet controls and from year-over-year attributable contributions per been was cost reflecting $X.XX, drivers right growth FX-neutral XX%. growth share a common main organic XX%. cost AMT and AFFO growth consolidated the AFFO trends, our XX%, around per constructed AFFO stockholders have would rate along were FX assets, business, about in this acquired of management, million growth. with On balance favorability, and the $XX
start Let's now few by I'll raised turn a outlook reviewing our of assumptions. to full the for year. updated key the
we X,XXX as have expect the close as in we impacts Germany first rooftop purchase sites the week layered have of Telxius to-date, to August. First, more of that XX,XXX we than in well the Telxius sites the in remaining
our assumed Allianz with mid-QX. agreements close Second, we have that and in CDPQ
increase is than option has higher that from proceeds $X its discussed, of initial own billion with XX% to the Allianz XX%. these after XX% to This exercised CDPQ closing, its And stake receive total Allianz in transactions. the as expect over ATC owning in business. the will we We Europe,
converted holdings Spanish ATC has its to local operating minority our stakes PGGM in Additionally, Europe and companies. German prior in
Given metrics, to attributable feature forward. AMT common AFFO expect attributable AMT and this more component, stockholders have income minority as would common outlook going in reporting both financial to net meaningful to interest stockholders added our and we
let's EBITDA, Finally, our million consolidated details adjusted as impacts property a of $XX of in year that, as the result $XX outlook reflects our trends expectations. FX of our current to increased and expectations. With $XX positive recent revenue, our AFFO, for many million to prior for markets, compared million favorable move full FX of for
million growth As year-over-year $XXX total you Slide we approximately up X, prior can our the at now revenue. so in includes revenue see $XX about in India, as we in The prices million of additional higher global outlook. higher of or are $XX business, rest fuel including revenue expect XX% in $XXX consolidated projecting line on now versus due midpoint, the throughout well to as Telxius, nearly X% million mostly pass-through. from straight Further, revenue million increase pass-through property the in
Moving to raising billings as a property on from see of we increase, Slide tenant you'll X%, to between around our basis part that growth consolidated up organic X, revenue projections our are outlook of X% and X% maintaining previously, impacts tenant result for including as growth, growth churn sprint organic projections approximately we're a In the our in of QX. U.S., higher expectations the billings internationally. X%
raising solid carriers activity, with over Latin In period. over COVID-XX. and growth network despite continued and We associated a to we're growth investments, increase customers XG continue multi-year challenges continue a as incremental their us, ahead invest densification have year, America, to runway to respond usage, of business with our of believe network we new long billings as expect deployments some to gross X% drive expectations accelerating tenant in for organic data the mobile carriers
across prior outlook, our to compared lower we expect now As the slightly churn region.
Although, we carrier consolidation as do to still trend the in the Mexico. year, churn expect of like in markets back-half occurs higher some
growth leasing value recently inflect we in in drive which contractual the Meanwhile, the colocation a we coming see growth billings deal our the of are to to expectations in excess continue higher in region. trends quarters. tenant in of in expect signed significant continue to that organic in arrangements We additive major market reaffirming we Africa, encouraging with Colombia, X%, a customer region, and as
along in This, I an last to of especially an second-half year. markets are continuing where solid to to in billings to we above customer. are year a Nigeria other African As X% in with alluded major MLA benefit drive growth with rates in are signed tenant expected trends earlier, from the strong, the growth organic acceleration regional
for primarily X% two is Europe, organic we Moving our full of basis versus on being This outlook. expect over the driven around tenant XXX prior factors. now to by growth year, points up billings
gross particularly where now come expect Germany. see points X%, as we Europe new XG-driven in above more compared strong of up in European legacy levels business, expectations. prior is First, higher expected activity, assets legacy Organic to we're and continuing growth our billings XX to at basis our for than our to business tenant
Second, organic basis is We is which for the assets. long-term another in year we our driving our expected assets, on or growth compelling view upside. as the and included tenant so colocation see of reinforcing Telxius points that XXX second-half the expect amendment expectations in the metric growth on the this billings to of activity Telxius growth
Finally, the we year. organic to continue tenant for expect in flat roughly India, billings
We return encouraging long-term, of of levels consistent not XXXX, we're in continued the but And, the we which optimistic a growth market, also activity remain the are that significant churn. our market expecting point in prior inflection to growth elevated will while in gross levels outlook. seeing over solid is with
about higher as Moving positive of compared from including million to net expect year-over-year are outlook, adjusted Telxius assets, nearly in translational FX line. contribution growth to now XX, in impacts straight a and $XXX the our prior we $XX outlook, raising and XX%, $XX Slide million EBITDA our million roughly
services In expectations. gross now $XX U.S. expected incremental our addition, continues expect as services activity the in outstrip million we to in margin,
remaining profit items majority are roughly in bad we incremental services These year, revenue in full services book from million. projections. of positive XX assumed are $XXX conservative the operating in $XX partially taking equivalent year has to where within Overall being of bad of more Mexico, India. trends the the by million is debt The debt in market filed of for offset for recently our in the for focused the which is roughly remain solid, $XXX For approach the we back-half the total collections but slightly expect year, Altan million a Bankruptcy. Chapter
but in entries collections Given the full, business, made remain we now, billings its debt Altan government have the recent the progress with collecting and instances. with prospects backing consistent of because optimistic historical bad to be similar for the on our we we approach in within slow, expect
$XX tailwinds growth our with taxes interest for EBITDA, of maintenance growth approximately incremental of adjusted right in well nearly Telxius cash net raising respectively, by $XX through per are million the the million and year. consolidated midpoint expectations expect full share implied an as $X.XX million by On The also share. primarily $XX a Turning XX% XX%, for AFFO, in FX incremental cash of driven CapEx, around to of now $XX expense year Slide XX, being we offset million and we as flow transaction. now outlook around expect are basis, year-over-year per cash
ATC to attributable to minority apply is account expected cash common XX% into versus CDPQ to XXXX. per share attributable expense impacts. growth with Allianz projected corresponding share growth, transactions digit Notably, associated nearly about The per the primarily Finally, consolidated is XXXX. of This across one-time attributable did metric and for and by well-positioned are the the our due AFFO that ATC to expected we of in to stockholders to these AFFO in meet than the mid-QX, prior joint double target fact lower growth interest the venture for grow X% both AFFO with driving takes the our rates not closing metrics, stockholders. item of common XXXX interest our our African
our now our sustainable and XXXX, reflect to driving Slide updated AFFO XX, on let's Telxius deployment growth strong on focus expectations the per consistent Moving in capital review for contemplate share. transaction which
XX%, startup by With our overall to subject around year-over-year to around year, First, expect we regards continue sites, as our of sites are in the midpoint. approximately $XX to board constructing of part implying includes revised $X.X growth of of raising expectations CapEx at CapEx, dividend Telxius $XX dedicate $XXX in X,XXX million deployment XXXX, in approval. This we million X,XXX. projections a our CapEx the towards additional as this billion up to to previous rate as attributable our well million from outlook
have sites through since continue have our Notably, builds expectations, year drive average to been our this we on build XXXX. far yields And our program. highly day including NOI XX,XXX new attractive We returns added one revised new around so XX%. XXXX
This million $XX lower land maintenance we are anticipated partially the the offset a CapEx, year. about maintenance of CapEx. projects million adding also are We rest in $XX in by has as over been accelerating few
$XXX year, in Germany. on purchase front, August On we primarily transaction, M&A. nearly in of just in and is far billion for the located under the our spend so another early Telxius remaining composed deployed and the to the discretionary acquisition billion million this rooftop $X $XX CapEx have Telxius X,XXX deployments to sites expect Of over capital expected year, XX%
times, long-term second We remain ended Allianz On grade range to X the and expect times the period. after solid upper times rating into that the leverage and closing adjusted sales. of metric allow our multi-year investment and range to that expect we trend mid X.X the a to debt CDPQ to with stake firmly of end naturally quarter delever side committed growth the us the down net of to EBITDA over X X will our to continue equation,
debt our in quarters, few out evaluating as potential benefits terming floating optimize to a to rate instruments, next our we work sheet. be the Over into portion of balance expect opportunistic rate we of continually the long-term fixed
Looking back strategy debt weighted last utilized half of as cost over the this have reduce to our average QX. of essentially to we decade, by X.X%
been to honing on take the capital Europe several investments a through recently, elements and deployment to Slide through of we Europe transformational Towers, in of most few in end where highlight acquisition international and want the our disciplined XX, active to our Africa Since XXXX, regions recently our Africa. deal. most international strategy, been I in two have have Telxius quite of Turning minutes Eaton
charts to accelerating. been the and have both organic left As contributions the in shows, colocations amendment regions
attractive colocation assets and over at levels across both acquired recently regions. returns multi-year drive gross well in period, activity More us we a elevated to strong and expect amendment remain growth positioning our to importantly,
site up in In our addition slide. can chart ramping the programs as middle we've regions, portfolios, high-quality see the acquiring been also on to strategic new across both build you
less primarily In around constructing forecast of XXXX, sites in X,XXX the fact, than to average XXXX, in annually back gone sites from of early a XXX an we've in Africa.
Importantly, XX% year. extremely with attractive, approximately the yields return one expected NOI characteristics of these of this day builds remained average have
the build also to see, continue vintages large future. revenue up drive builds needs these strong Europe, We across As the coverage the you have to Telefonica investment we strong, we tenants, robust as and as yields in address also new in sites, sharply building and acquisition of Africa, demand of who colocation capacity meet XG to for new focus the will we we the on future. of demand. risen result where And and their sites drive the older pipeline lease the a expect inherited to network amendment meaningful XG Further, investments have and part foreseeable just trends I of on regions for to continue new a can and remain anticipate grade mentioned. on build our carriers leasing believe high-quality bulk in with Telxius to sites as
of XXXX, our will other We ion driving are and business by on efficient batteries, we've have of what where $XXX renewable invested in focused also end energy, innovation. solutions, example upwards industry A of perfect energy sustainably, on growing solar doing and energy and with while we is efficiency this lithium leadership technology. been power Africa million the
declining are in and on uptime global initial we with these sustainable generator Europe digital these overall been early progression elevated investment still battery that deployment of average have approach indicative helping Africa our attractive are levels consumption to is by capital the philosophy. in ecosystem. XX%, investment, also While efficiency, fairly an with a earning not of believe are Through and results global around enhance we improved return site investments, only best-in-class. This overall to we the diesel and compelling, per initiatives, and build but we coupled are
can We partnering customers. opportunities mobile they network business growth, that to responsible sustainable we've continue returns us deploy solid into to the operators, generate years believe and while with as to capital And attractive multinational in diversification come. enhanced to we the long-term look large that for connectivity for we compelling will bring their ways, built global benefit where
and debt margin meaningful of while on in quarter denominated achieved in rates, another Finally, vast in was closing issuance, the billion on with low world-class consistent a majority Slide $X solid beginning activity was of and partnering Telxius new to over euro build investors and record issuing XX expansion, two This common dividend our at integrate and Allianz. summary, successful organic acquisition, completing growth. CDPQ strategic QX and growth, equity
hard We work, continue employees, to offer a compelling this, thank Q&A. talents huge data of including global about our are based have call joined from our look markets. Their trajectory, rise unwavering and I'd driving extremely well have to the X,XXX on stockholders. ever us over turn forward nearly durable dedication, those recently returns strong long-term you all us With total more For and like who advantage our to numerous mobile global growth XXXX demand for to than our throughout to excited continuing positioned operator in competitive finishing back served and the that, for our the Telxius. I'll
