SBA Communications Corporation (NASDAQ: SBAC; LSE: 0KYZ) owns and operates wireless communications infrastructure as a leading real estate investment trust, leasing antenna space on multi-tenant towers, buildings, rooftops, distributed antenna systems (DAS), small cells and other structures to wireless service providers under long-term contracts; provides site development services including network pre-design, site audits, location identification, zoning and permitting assistance, tower construction, antenna and radio equipment installation, commissioning and maintenance; and offers tower operations, connectivity solutions such as public safety networks, open access networks, private networks and managed sites. Founded in 1989 and headquartered in Boca Raton, Florida, the company conducts principal operations across North America, Central America, South America and Africa, with its largest market in Brazil where it owns over 10,000 towers; it manages additional rooftop and tower sites for property owners and supports network densification for mobile carriers driven by demand for higher-speed services and bandwidth. Recent developments include the October 2025 completion of a $975 million acquisition of approximately 7,000 towers from Millicom International Cellular S.A. in Central America, accompanied by a build-to-suit agreement for up to 2,500 additional sites; an August 2025 agreement to divest its Canadian tower business to CVC DIF, expected to close in Q4 2025 to focus on core markets; and plans for up to 800 new tower builds in 2025 aligned with the Millicom partnership, alongside over $550 million invested in 2024 for asset acquisitions, stock repurchases and new builds.