Question · Q3 2025
Batya Levy (UBS Investment Bank) inquired about the specific impacts of the new Verizon Master Lease Agreement (MLA) on SBA's future new leasing revenue, including components like amendments and colocations, and how it addresses adjacent spectrum. She also asked for an update on DISH Network's current payment status and any discussions regarding early contract termination.
Answer
Brendan Cavanagh, President and CEO of SBA, highlighted the Verizon MLA's long-term growth potential, featuring minimum colocation commitments for the next decade and amendment components tied to activity. He clarified the agreement is more linear than the AT&T deal. Regarding DISH, Mr. Cavanagh confirmed they are current on rents and expected to honor agreements, while keeping details of ongoing correspondence private.