SBA Communications Grows with Increased Site Activity

 By John Celentano, Inside Towers Business Editor SBA Communications (NASDAQ: SBAC) may have even surprised itself with its 2Q21 results. The company said that Q2 results were ahead of expectations and that growth rates are “going up!”

Site leasing revenues for the quarter came in at $524 million, up nearly nine percent from $482 million in 2Q20. Domestic site leasing revenues account for 80 percent of the SBAC’s total site leasing revenues and were up eight percent year-over-year to $419 million.

The company said its domestic customers were “extremely active” throughout the quarter with network build and upgrade activity. SBAC pointed out that the main drivers of new leasing activity come from the Big 3 U.S. mobile network operators that account for 72 percent of SBACs global revenues. 

Activities included T-Mobile’s nationwide 2.5 GHz Extended Range 5G coverage, Verizon’s site preparations for its upcoming C-band deployments, AT&T’s continuing FirstNet expansion, DISH Network’s readying for its 5G rollout and general coverage expansion work across the board. Continue Reading