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Concentration of Credit Risk
12 Months Ended
Dec. 31, 2019
Concentration of Credit Risk [Abstract]  
Concentration of Credit Risk 18.CONCENTRATION OF CREDIT RISK

The Company’s credit risks consist primarily of accounts receivable with national, regional, and local wireless service providers and federal and state government agencies. The Company performs periodic credit evaluations of its customers’ financial condition and provides allowances for doubtful accounts, as required, based upon factors surrounding the credit risk of specific customers, historical trends, and other information. The Company generally does not require collateral.


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

2019

2018

2017

AT&T Wireless

23.8%

24.0%

25.0%

T-Mobile

18.2%

16.4%

16.5%

Sprint

16.9%

17.9%

15.1%

Verizon Wireless

14.0%

14.7%

15.2%

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

2019

2018

2017

AT&T Wireless

32.1%

31.9%

32.7%

T-Mobile

21.6%

20.3%

19.7%

Sprint

19.0%

19.6%

18.9%

Verizon Wireless

18.6%

19.0%

19.0%

For the year ended December 31,

Percentage of International Site Leasing Revenue

2019

2018

2017

Oi S.A.

31.3%

35.5%

42.2%

Telefonica

26.9%

26.7%

25.7%

Claro

11.6%

11.4%

10.0%

For the year ended December 31,

Percentage of Site Development Revenue

2019

2018

2017

Sprint

37.3%

47.1%

12.9%

T-Mobile

30.2%

16.4%

26.9%

Verizon Wireless

2.9%

6.4%

12.8%

Nokia, Inc.

4.3%

3.2%

10.1%

Five customers comprised 66.6% of total gross accounts receivable at December 31, 2019 compared to five customers which comprised 67.5% of total gross accounts receivable at December 31, 2018.