SBA Communications Corporation Q4 FY2025 earnings call

Discussed US market with mobile data growth, 5G upgrades, fixed wireless access, 6G prospects; Brazil's opportunities like spectrum, network density; Central America and Africa's growth potential; balance sheet strength and capital return profile.

No specific detailed absolute financial performance and revenue contribution% for each product segment provided in detail, but discussed market performance across US, Brazil, Central America, Africa etc.

Outlook assumes $35M incremental revenue from US new leases/amendments; mentioned Verizon MLA impact; expects organic leasing to pick up; international growth expected to improve; 2026 as bottom for organic leasing.

Lawsuit due to default on contract; USM churn impact; directed device satellite impact on terrestrial towers.

Q: Do you expect to see domestic co-location revenue growth through this year?

A: Outlook assumes $35M incremental revenue, activity steady; Q: What about Brazil growth drivers?

A: New spectrum, network density, etc.; Q: Lawsuit on contract default?

A: Filed lawsuit, terminated contract; Q: T-Mobile USM churn impact?

A: ~$1-2M churn estimate; Q: Directed device satellite impact?

A: Complementary, minor impact; Q: Organic leasing 2026 as bottom?

A: Likely bottom, pick up expected; Q: Brazilian real forecast?

A: Assumed 5.2, Fed forecast 5.5; Q: Data center investment?

A: No plan for standalone, edge compute involved.