American Tower, Crown Castle, SBA - (Cell Tower Companies) - Q3/2024 Earnings Highlights

Nov 8

1 min read

Cell tower infrastructure companies American Tower, Crown Castle, and SBA recently released their Q3/2024 financial results.

American Tower

Divested its operations and assets in India to Brookfield Capital - the sale of over 78,000 cell towers
- This end's the company's 17-year presence, which began 17 years ago when JWTTC was part of the American Tower team!
Data Center activity remains robust under CoreSite

Customers and colocations outside of comprehensive MLAs with American Tower drive additional growth and revenue

Crown Castle

Analysts had questions about the time that had passed for its strategic review and potential disposition of its fiber business

Crown Castle agreed to cancel 7,000 small cell nodes, reducing future CAPEX in the
space

Daniel Schlanger:

SBA

Increased its presence in Central America with a cell tower purchase of over 7,000 cell sites from Millicom International Cellular, at an initial cash purchase price of $975 million
- SBA will leverage it's backoffice at it's headquarters in Boca Raton to support

SBA is seeing less "build-to-relocate" tower development activities
Inventory of portfolios of cell towers for sale in the United States is relatively low
SBA has a comprehensive MLA with AT&T, and open to do with others if there is mutual benefit