SBA Communications
SBA Communications owns a portfolio of about 45,000 wireless towers throughout North America, South America, and Africa. It leases space on its towers to wireless service providers, who install equipment to support their wireless networks. The company has a very concentrated customer base, with most revenue in each market being generated by the top few mobile carriers. It owns more than 17,000 towers in the US, which account for about 75% of leasing revenue. Internationally, SBA's largest presence is in Brazil, where it owns roughly 10,000 towers. SBA operates as a real estate investment trust.www.sbasite.com
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Search complete. 6 mentions across 5 episodes found for "SBA Communications".
Oct 12, 2026
NancyHOST
Sure.
MarkHOST
But the report notes that cell tower operators, specifically Crown Castle, American Tower, and SBA Communications, they actually saw their shares rise after this announcement.
NancyHOST
Yeah, they went up.
MarkHOST
Why are physical tower stocks going up if the entire future of connectivity is bypassing them from space?
speaker_2HOST
No.
speaker_2HOST
It is going to be the massive publicly traded tower companies, companies like American Tower, Crown Castle, SBA Communications.
speaker_1HOST
The big guys.
speaker_2HOST
These entities are owed hundreds of millions of dollars collectively.
Morgan BrennanHOST
Crown Castle is up 8.5% right now.
Morgan BrennanHOST
SBA Communications is up as well.
Morgan BrennanHOST
So for more, let's bring in Louis DiPalma, who covers SpaceX for William Blair and released a note on the deal late last night.
Morgan BrennanHOST
He has an outperform rating on SpaceX's stock.
Rob BlackHOST
Now, if SpaceX gets into the business of providing wireless services in the United States, they're gonna have to put a lot of equipment on towers, cell phone towers.
Rob BlackHOST
Companies in that area include American Tower, ticker symbol AMT, up seven point six percent, Crown Castle up thirteen point four percent, SBA Communications up six point six percent on expectations that a larger terrestrial wireless network could generate additional demand for tower infrastructure.
Rob BlackHOST
Strength in tower companies has helped propel the real estate sector towards the top of the sector rankings.
Rob BlackHOST
Now, you're saying cell phone towers real estate.
Rob BlackHOST
Someone owns the land that those towers are built on, and that's those companies.
Rob BlackHOST
American Tower, Crown Castle, SBA Communications are all real estate plays with pretty nice dividends along the way.
Rob BlackHOST
For SpaceX, the opportunity is a larger recurring revenue market, but Spectrum is only one prerequisite.
Rob BlackHOST
You gotta get regulatory clearance, compatible devices, network deployment.