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Concentration of Credit Risk (Tables)
12 Months Ended
Dec. 31, 2024
Concentration of Credit Risk [Abstract]  
Summary of Significant Customers and Percentage of Total Revenue for Specified Time Periods Derived from such Customers


The following is a list of significant customers (representing at least 10% of revenue for any period reported) and the percentage of total revenue for the specified time periods derived from such customers:

For the year ended December 31,

Percentage of Total Revenues

2024

2023

2022

T-Mobile

30.5%

32.5%

36.4%

AT&T Wireless

20.6%

19.5%

19.6%

Verizon Wireless

15.1%

14.6%

14.5%

The Company’s site leasing and site development segments derive revenue from these customers. Client percentages of total revenue in each of the segments are as follows:

For the year ended December 31,

Percentage of Domestic Site Leasing Revenue

2024

2023

2022

T-Mobile

38.1%

40.2%

40.6%

AT&T Wireless

29.6%

28.6%

29.0%

Verizon Wireless

20.1%

19.7%

20.1%

For the year ended December 31,

Percentage of International Site Leasing Revenue

2024

2023

2022

Telefonica

21.3%

22.5%

20.7%

Claro

19.2%

20.2%

19.0%

TIM

15.9%

15.7%

17.3%

For the year ended December 31,

Percentage of Site Development Revenue

2024

2023

2022

T-Mobile

69.9%

71.5%

80.1%

Verizon Wireless

20.1%

16.8%

7.8%