{
  "docId": "019dd923-622c-750b-8b96-1aee342c3a73",
  "docSlug": "10dc4f9f3e31",
  "documentTitle": "American Tower (AMT)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson C. Block",
  "documentKindSlug": "research-note",
  "documentKindLabel": "Research note",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2013-07-17 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 56,
  "pageCount": 118,
  "prevPage": 55,
  "nextPage": 57,
  "slideType": "comparison_table",
  "function": "compare_peers",
  "density": "dense",
  "nDataPoints": 4,
  "notes": "The slide argues that technological shifts (small cells/Wi-Fi) and regulatory pressure are enabling carriers to bypass traditional tower companies.",
  "elementsJson": [
    "bar_chart_vertical",
    "paragraph",
    "comparison_table",
    "footnote"
  ],
  "metadataConfidence": 0.95,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b96-1aee342c3a73/56",
  "deckHref": "/decks/019dd923-622c-750b-8b96-1aee342c3a73",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b96-1aee342c3a73.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-1aee342c3a73#slide-56",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "A combination of carrier need and technological advances are enabling carriers to greatly consolidate their tower-based network equipment, share network equipment with one another (the next logical step after sharing towers), circumvent towers altogether through the use of small cells and Wi-Fi, and increase data capacity by one thousand times with minimal additional use of cell towers.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-e6f0-72b6-8694-479430959887",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.28,
        "x": 0.36,
        "y": 0.1
      },
      "kind": "chart",
      "text": "Per-bit TCO",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e16371d7-bb04-4143-8673-769035267053",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Per-bit TCO",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-e6f0-72b6-8694-48e8946cf69d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.72,
        "x": 0.137,
        "y": 0.35
      },
      "kind": "paragraph",
      "text": "Carriers have long understood if they could share infrastructure, they can reduce operating expense and increase profitability...",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3de4957a-df68-4c89-bb2c-88b958319a4a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.72,
        "x": 0.137,
        "y": 0.83
      },
      "kind": "paragraph",
      "text": "A combination of carrier need and technological advances are enabling carriers to greatly consolidate their tower-based network equipment...",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e5e9a455-d7a6-4fb7-8842-c82aca0cfbbe",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.1,
        "x": 0.37,
        "y": 0.28
      },
      "kind": "source-note",
      "text": "Source: Senza Fili",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4c43b5ce-44c4-4808-957a-3e3b40696ca1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.72,
        "x": 0.137,
        "y": 0.91
      },
      "kind": "source-note",
      "text": "100 www.senzafiliconsulting.com/Reports/TheeconomicsofsmallcellsandWifioffload/Aboutthereport.aspx",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "51f90580-bc67-4825-9365-7aa15f06bd29",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.72,
        "x": 0.137,
        "y": 0.57
      },
      "kind": "table",
      "text": "Comparison of sharing levels across different infrastructure components.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "cfd4a7c0-d3ce-47b7-872c-2515ba2e0eff",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.36,
        "x": 0.137,
        "y": 0.315
      },
      "kind": "title",
      "text": "Network Sharing Is Caring",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0bbd4ca2-5102-4c2f-9263-26651a280955",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 64,
      "from": 41,
      "beatId": "830da618-df2d-4efb-b4ba-f929551b75d8",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "The Victory",
      "beatSlug": "overcoming-monster-the-victory",
      "evidence": "The document presents a conclusion and key takeaways",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}