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SBA Communications Corporation (SBA), founded in 1989 and headquartered in Boca Raton, Florida, is a leading independent owner and operator of wireless communications infrastructure across North, Central, and South America. Listed on NASDAQ under the symbol SBAC, SBA focuses on 'building better wireless' through two primary business segments: site leasing and site development services.
In their site leasing business, SBA leases antenna space on their multi-tenant towers and other structures to a variety of wireless service providers under long-term contracts. This segment includes nearly 40,000 cell towers across North America, South America, and Africa. In the United States alone, SBA owns over 17,000 towers, generating approximately 70% of its total revenue in 2023. Internationally, the company's largest footprint is in Brazil, where it operates close to 10,000 towers.
The site development business supports wireless service providers and operators in developing their own networks. This includes services like site acquisition, zoning, construction, and equipment installation.
As a real estate investment trust (REIT), SBA's growth is driven by increasing consumer demand for wireless data, the deployment of newer technologies like 5G, and strategic international expansions. By diversifying their geographical presence and expanding their site portfolio, SBA aims to provide robust infrastructure solutions that cater to the evolving needs of wireless service providers.
SBA Communications maintains a strong financial condition with robust revenue streams from its diversified leasing contracts. Their concentrated customer base mainly includes the top mobile carriers, ensuring consistent and reliable revenue generation. The company's commitment to innovation and expansion solidifies its position as a key player in the wireless communications infrastructure market.
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