(Reuters) -Wireless infrastructure provider American Tower on Tuesday beat the first-quarter revenue estimate, driven by steady demand for its leasing business.

As competition heats up in the telecommunications market, wireless players in the United States are enhancing their 5G solutions and network infrastructure to increase the value of their plans.

"In the U.S., accelerating broad-based mid-band deployments and the early indications of capacity-driven new site demand supported our highest quarter of services revenue since 2021," CEO Steven Vondran said.