SBA Communications: 5G, FWA, and satellite trends fuel growth as investment-grade transition boosts financial strength

Strong site development and 5G expansion are driving growth, with fixed wireless access and satellite entrants increasing network demand. Strategic MLAs, international acquisitions, and a shift to investment-grade status support financial flexibility and long-term growth.

Based on SBA Communications BofA Securities Leveraged Finance Conference 2025 Audio Transcript — Dec. 2 2025