SBAC Suppliers & Customers — SBA Communications Corp Supply Chain from SEC Filings | Varamir

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Prices via Intrinio. Supplier and customer ties are extracted from SEC filings and carry the sentence they came from. Not investment advice.

Dependency

3 ties priced both ways

Each disclosed tie as a share of both companies’ annual revenue. The bigger share is the side that would feel it if the relationship ended.

Partner	% of their revenue	% of SBAC revenue	Skew
TMUST-Mobile	2.23%	69.90%	31×
TAT&T Wireless	0.66%	29.60%	45×
VZVerizon Wireless	0.41%	20.10%	49×

Sources

sec edgar · verbatim disclosure

Show the filing sentences· 24

Each tie, with the sentence that disclosed it. Open a row for the wording and the filing it came from.

TMUST-Mobilesells to
“T-Mobile 69.9 % 71.5 % 80.1 %”
SBAC
69.90%of its revenue comes from T-Mobiledisclosed
TMUS
2.23%of its revenue comes from SBACderived
$2.0B relationship31× more of SBAC’s book than TMUS’s
basisSBAC fy2025 · closed 2025-12 $2.8BTMUS fy2025 · closed 2025-12 $88.3Bfiled 2025-02-26
FILING10-K0001034054-25-000002filed 2025-02-26cik 0001034054
TAT&T Wirelesssells to
“AT&T Wireless 29.6 % 28.6 % 29.0 %”
SBAC
29.60%of its revenue comes from AT&T Wirelessdisclosed
T
0.66%of its revenue comes from SBACderived
$833M relationship45× more of SBAC’s book than T’s
basisSBAC fy2025 · closed 2025-12 $2.8BT fy2025 · closed 2025-12 $126Bfiled 2025-02-26
FILING10-K0001034054-25-000002
—Telefonicasells to
“Telefonica 21.3 % 22.5 % 20.7 %”
SBAC
21.30%of its revenue comes from Telefonicadisclosed
Telefonica
—annual revenue not on file, so the other side cannot be derived
$600M relationship
basisSBAC fy2025 · closed 2025-12 $2.8Bfiled 2025-02-26
FILING10-K0001034054-25-000002filed 2025-02-26cik 0001034054
VZVerizon Wirelesssells to
“Verizon Wireless 20.1 % 16.8 % 7.8 %”
SBAC
20.10%of its revenue comes from Verizon Wirelessdisclosed
VZ
0.41%of its revenue comes from SBACderived
$566M relationship49× more of SBAC’s book than VZ’s
basisSBAC fy2025 · closed 2025-12 $2.8BVZ fy2025 · closed 2025-12 $138Bfiled 2025-02-26
FILING10-K0001034054-25-000002
—Clarosells to
“Claro 19.2 % 20.2 % 19.0 %”
SBAC
19.20%of its revenue comes from Clarodisclosed
Claro
—annual revenue not on file, so the other side cannot be derived
$541M relationship
basisSBAC fy2025 · closed 2025-12 $2.8Bfiled 2025-02-26
FILING10-K0001034054-25-000002filed 2025-02-26cik 0001034054
—TIMsells to
“TIM 15.9 % 15.7 % 17.3 %”
SBAC
15.90%of its revenue comes from TIMdisclosed
TIM
—annual revenue not on file, so the other side cannot be derived
$448M relationship
basisSBAC fy2025 · closed 2025-12 $2.8Bfiled 2025-02-26
FILING10-K0001034054-25-000002filed 2025-02-26cik 0001034054
—Millicom International Cellular S.A. ("Millicom")buys from
“During the fourth quarter of 2024, we entered into an agreement to purchase over 7,000 communication sites in Central America from Millicom International Cellular S.A. ("Millicom") for approximately $975.0 million in cash.”
FILING10-K0001034054-25-000002filed 2025-02-26cik 0001034054
—Millicom International Cellular S.A.sells to
“Additionally, as part of the purchase agreement, we have agreed to a seven-year exclusivity right with Millicom for us to build up to 2,500 build-to-suit sites in Central America for Millicom with new leases on any sites built having an initial lease term of 15 years.”
FILING10-K0001034054-25-000002filed 2025-02-26cik 0001034054
—Airtel Tanzaniabuys from
“During the year ended December 31, 2022, the Company closed on 1,445 sites from Airtel Tanzania for $ 176.1 million.”
FILING10-K0001034054-25-000002filed 2025-02-26cik 0001034054
—GTSbuys from
“During the year ended December 31, 2022, the Company acquired 2,632 sites from GTS in Brazil for $ 728.2 million, net of working capital adjustments.”
FILING10-K0001034054-25-000002filed 2025-02-26cik 0001034054
—Airtel Tanzaniasells to
“In addition to the Big 3 wireless carriers (T-Mobile, AT&T Wireless, Verizon Wireless), we have also provided services or leased space to a number of other customers during 2024 including: Airtel Tanzania Freedom Mobile Tigo C Spire (f/k/a Cellular South) Liberty Technologies TIM Claro MTN Telefonica Digicel SouthernLinc U.S. Cellular Echostar (f/k/a DISH Wireless) Telkom Vodacom”
FILING10-K0001034054-25-000002filed 2025-02-26cik 0001034054
—C Spire (f/k/a Cellular South)sells to
“In addition to the Big 3 wireless carriers (T-Mobile, AT&T Wireless, Verizon Wireless), we have also provided services or leased space to a number of other customers during 2024 including: Airtel Tanzania Freedom Mobile Tigo C Spire (f/k/a Cellular South) Liberty Technologies TIM Claro MTN Telefonica Digicel SouthernLinc U.S. Cellular Echostar (f/k/a DISH Wireless) Telkom Vodacom”
FILING10-K0001034054-25-000002filed 2025-02-26cik 0001034054
—Digicelsells to
“In addition to the Big 3 wireless carriers (T-Mobile, AT&T Wireless, Verizon Wireless), we have also provided services or leased space to a number of other customers during 2024 including: Airtel Tanzania Freedom Mobile Tigo C Spire (f/k/a Cellular South) Liberty Technologies TIM Claro MTN Telefonica Digicel SouthernLinc U.S. Cellular Echostar (f/k/a DISH Wireless) Telkom Vodacom”
FILING10-K0001034054-25-000002filed 2025-02-26cik 0001034054
—Echostar (f/k/a DISH Wireless)sells to
“In addition to the Big 3 wireless carriers (T-Mobile, AT&T Wireless, Verizon Wireless), we have also provided services or leased space to a number of other customers during 2024 including: Airtel Tanzania Freedom Mobile Tigo C Spire (f/k/a Cellular South) Liberty Technologies TIM Claro MTN Telefonica Digicel SouthernLinc U.S. Cellular Echostar (f/k/a DISH Wireless) Telkom Vodacom”
FILING10-K0001034054-25-000002filed 2025-02-26cik 0001034054
—Freedom Mobilesells to
“In addition to the Big 3 wireless carriers (T-Mobile, AT&T Wireless, Verizon Wireless), we have also provided services or leased space to a number of other customers during 2024 including: Airtel Tanzania Freedom Mobile Tigo C Spire (f/k/a Cellular South) Liberty Technologies TIM Claro MTN Telefonica Digicel SouthernLinc U.S. Cellular Echostar (f/k/a DISH Wireless) Telkom Vodacom”
FILING10-K0001034054-25-000002filed 2025-02-26cik 0001034054
—Liberty Technologiessells to
“In addition to the Big 3 wireless carriers (T-Mobile, AT&T Wireless, Verizon Wireless), we have also provided services or leased space to a number of other customers during 2024 including: Airtel Tanzania Freedom Mobile Tigo C Spire (f/k/a Cellular South) Liberty Technologies TIM Claro MTN Telefonica Digicel SouthernLinc U.S. Cellular Echostar (f/k/a DISH Wireless) Telkom Vodacom”
FILING10-K0001034054-25-000002filed 2025-02-26cik 0001034054
—Millicomsells to
“Additionally, as part of the purchase agreement, we have agreed to a seven-year exclusivity right with Millicom for us to build up to 2,500 build-to-suit sites in Central America for Millicom with new leases on any sites built having an initial lease term of 15 years.”
FILING10-K0001034054-25-000002filed 2025-02-26cik 0001034054
—MTNsells to
“In addition to the Big 3 wireless carriers (T-Mobile, AT&T Wireless, Verizon Wireless), we have also provided services or leased space to a number of other customers during 2024 including: Airtel Tanzania Freedom Mobile Tigo C Spire (f/k/a Cellular South) Liberty Technologies TIM Claro MTN Telefonica Digicel SouthernLinc U.S. Cellular Echostar (f/k/a DISH Wireless) Telkom Vodacom”
FILING10-K0001034054-25-000002filed 2025-02-26cik 0001034054
—SouthernLincsells to
“In addition to the Big 3 wireless carriers (T-Mobile, AT&T Wireless, Verizon Wireless), we have also provided services or leased space to a number of other customers during 2024 including: Airtel Tanzania Freedom Mobile Tigo C Spire (f/k/a Cellular South) Liberty Technologies TIM Claro MTN Telefonica Digicel SouthernLinc U.S. Cellular Echostar (f/k/a DISH Wireless) Telkom Vodacom”
FILING10-K0001034054-25-000002filed 2025-02-26cik 0001034054
—Telkomsells to
“In addition to the Big 3 wireless carriers (T-Mobile, AT&T Wireless, Verizon Wireless), we have also provided services or leased space to a number of other customers during 2024 including: Airtel Tanzania Freedom Mobile Tigo C Spire (f/k/a Cellular South) Liberty Technologies TIM Claro MTN Telefonica Digicel SouthernLinc U.S. Cellular Echostar (f/k/a DISH Wireless) Telkom Vodacom”
FILING10-K0001034054-25-000002filed 2025-02-26cik 0001034054
—Tigosells to
“In addition to the Big 3 wireless carriers (T-Mobile, AT&T Wireless, Verizon Wireless), we have also provided services or leased space to a number of other customers during 2024 including: Airtel Tanzania Freedom Mobile Tigo C Spire (f/k/a Cellular South) Liberty Technologies TIM Claro MTN Telefonica Digicel SouthernLinc U.S. Cellular Echostar (f/k/a DISH Wireless) Telkom Vodacom”
FILING10-K0001034054-25-000002filed 2025-02-26cik 0001034054
—U.S. Cellularsells to
“In addition to the Big 3 wireless carriers (T-Mobile, AT&T Wireless, Verizon Wireless), we have also provided services or leased space to a number of other customers during 2024 including: Airtel Tanzania Freedom Mobile Tigo C Spire (f/k/a Cellular South) Liberty Technologies TIM Claro MTN Telefonica Digicel SouthernLinc U.S. Cellular Echostar (f/k/a DISH Wireless) Telkom Vodacom”
FILING10-K0001034054-25-000002filed 2025-02-26cik 0001034054
—Vodacomsells to
“In addition to the Big 3 wireless carriers (T-Mobile, AT&T Wireless, Verizon Wireless), we have also provided services or leased space to a number of other customers during 2024 including: Airtel Tanzania Freedom Mobile Tigo C Spire (f/k/a Cellular South) Liberty Technologies TIM Claro MTN Telefonica Digicel SouthernLinc U.S. Cellular Echostar (f/k/a DISH Wireless) Telkom Vodacom”
FILING10-K0001034054-25-000002filed 2025-02-26cik 0001034054
—Sprintsells to
“In our domestic markets, we currently expect churn to represent an aggregate of between $132.0 million and $136.0 million of cash site leasing revenue due in part to Sprint and EchoStar churn.”
FILING10-K0001034054-26-000002filed 2026-02-27cik 0001034054

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