Telecom Financial Models
Losing a subscriber removes revenue without removing much of the cost of running a network. Adding subscribers can improve that balance, but upgrades still demand capital. Tower owners have a related advantage when a second tenant adds lease income to an existing site.

Verizon
Verizon Communications Inc.

AT&T
AT&T is a telecommunications company providing wireless and wireline connectivity services to consumers and businesses, operating Mobility, Business Wireline, Consumer Wireline, and Latin America segments primarily in the United States and Mexico.

Comcast
Comcast Corporation is a global media and technology conglomerate that delivers broadband, wireless, and video connectivity alongside premium entertainment, sports, and theme park experiences.

T-Mobile US
T-Mobile US is a leading wireless telecommunications operator in the United States, providing wireless voice, messaging, and data services alongside high-speed internet to consumer and enterprise customers.

EchoStar
EchoStar Corporation is a global provider of terrestrial and non-terrestrial wireless connectivity, satellite communications, and television entertainment.

Charter Communications
Charter Communications (operating under the Spectrum brand) is a leading broadband connectivity company and cable operator in the United States, serving over 31 million customer relationships across 41 states.

American Tower
American Tower Corporation (AMT) is a global real estate investment trust (REIT) that owns, operates, and develops multitenant communications real estate.

Crown Castle
Crown Castle owns, operates, and leases shared communications infrastructure across the United States, providing critical real estate for wireless carriers to deploy their networks.

SBA Communications
SBA Communications Corporation (SBAC) is a leading independent owner and operator of wireless communications infrastructure, primarily cell towers, across the Americas and Africa.

