SBAC · 10-Q · 2026Q3 · Full report

Geographic Market Commentary

SBA COMMUNICATIONS CORP · 2026-11-05 · Importance 48 · Surprise 42

SBA’s principal operations are in the United States and its territories, with additional tower operations in South America, Central America, and Africa. Brazil and Guatemala represent approximately 30% and 10% of the tower portfolio, respectively; no other international market exceeds 5%. The company sold all towers and ended operations in Chile and Ecuador during the third quarter of 2026, and agreed to sell its towers and related assets in Peru, subject to regulatory approval.

Key facts

• Approximately 30% of SBA's towers were in Brazil and approximately 10% were in Guatemala as of September 30, 2026; no other international market exceeded 5% of total towers. source
• As of September 30, 2026, no U.S. state or territory represented more than 10% of SBA's tower portfolio by tower count or more than 10% of total revenues for the nine months ended September 30, 2026. source
• SBA's site development business is conducted only in the United States. source