Tower company SBAC had a solid Q1, Credit Suisse analysts...
Tower company SBAC had a solid Q1, Credit Suisse analysts said. They noted company executives had indicated that leasing activity for the quarter was strong, partly helped by Sprint Nextel’s network upgrade. SBAC executives expect customer activity in Q2 to…
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remain strong. Site leasing revenue of $172.9 million in Q1 was up 18 percent year-over-year. The company narrowed its loss in the quarter to $22.6 million from $34.3 million in the year-ago period.