SBAC · 10-Q · 2026Q3 · Full report

End-Market Demand Trends

SBA COMMUNICATIONS CORP · 2026-11-05 · Importance 19 · Surprise 6

SBA expects wireless service providers to lease additional antenna space over the long term as network use and data transfers increase and carriers expand networks and coverage. During the remainder of 2026, carriers are expected to deploy additional capacity and increase geographic coverage, while contractual escalators and new leases and amendments also support core leasing activity. In the third quarter, domestic site leasing was pressured by Sprint, EchoStar, and other lease non-renewals, while international site leasing growth reflected new leases and amendments alongside acquired and built towers.

Key facts

• SBA stated that higher interest rates had affected and were expected to continue to affect wireless service providers’ ability and willingness to spend at prior levels on network expansion, potentially adversely affecting SBA’s future revenue growth rates. source