SBAC · 10-Q · 2026Q3 · Full report
Acquisitions and Divestitures
SBA COMMUNICATIONS CORP · 2026-11-05 · Importance 58 · Surprise 42 · In source text
During the third quarter of 2026, SBA sold all towers and ended operations in Chile and Ecuador. On September 10, 2026, it agreed to sell all towers and related assets in Peru, subject to regulatory approval, with closing expected in the fourth quarter of 2026. The nine-month international leasing growth included 7,110 towers acquired in the Millicom transaction and 834 towers built; acquisition of towers and related assets used $155.0 million of cash. Site leasing revenue growth also reflected 2,467 international towers acquired in the quarter, including 2,466 related to Millicom.
Key facts
- Subsequent to September 30, 2026, SBA purchased or was under contract to purchase 69 communication sites for $17.9 million in cash, with closings anticipated by the end of Q4 2026. source
- On September 10, 2026, SBA agreed to sell all towers and related assets held in Peru; the sale is subject to regulatory approval and is expected to close in Q4 2026. source
- Q3 2026 other income, net included a $15.6 million gain on asset sales, including a $6.2 million non-cash currency-translation adjustment from the sale of SBA's Chile operations. source
- Nine-month 2026 other income, net included a $16.3 million gain on asset sales, including a $6.2 million non-cash currency-translation adjustment from the Chile operations sale. source
- During the nine months ended September 30, 2026, SBA acquired 23 towers and related assets and liabilities, and rights to land underneath approximately 3,900 communication sites in Guatemala. source
- SBA acquired 2,467 towers, including 2,466 related to the Millicom transaction, and built 685 towers since July 1, 2025, contributing to Q3 2026 international site leasing revenue. source
- SBA acquired 7,133 towers, including 7,110 related to the Millicom transaction, and built 834 towers since January 1, 2025, contributing to nine-month 2026 international site leasing revenue. source
- During the nine months ended September 30, 2025, SBA acquired 5,120 towers and related assets and liabilities, including 5,090 sites related to the Millicom transaction. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | probable | -0.1% | Subsequent to September 30, 2026, SBA purchased or was under contract to purchase 69 communication sites for $17.9 million in cash, with… |
| assets | positive | probable | +0.1% | Subsequent to September 30, 2026, SBA purchased or was under contract to purchase 69 communication sites for $17.9 million in cash, with… |