AT&T News Incorrectly Worries Investors About SBA Communications

AT&T's spectrum purchase is not a significant negative for SBA Communications Corporation—tower demand should remain strong as AT&T deploys new spectrum. SBAC's management confirmed signed lease contracts, supporting positive guidance and contradicting bearish doubts about future leasing volumes. AT&T's expansion of Internet Air and 5G coverage will likely increase demand for tower infrastructure, benefiting SBAC's long-term growth.