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Concentration of Credit Risk (Tables)
12 Months Ended
Dec. 31, 2023
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

2023

2022

2021

T-Mobile

32.5%

36.4%

36.2%

AT&T Wireless

19.5%

19.6%

22.2%

Verizon Wireless

14.6%

14.5%

14.7%

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

2023

2022

2021

T-Mobile

40.2%

40.6%

40.2%

AT&T Wireless

28.6%

29.0%

30.5%

Verizon Wireless

19.7%

20.1%

19.8%

For the year ended December 31,

Percentage of International Site Leasing Revenue

2023 (1)

2022 (1)

2021

Telefonica

22.5%

20.7%

16.3%

Claro

20.2%

19.0%

13.7%

TIM

15.7%

17.3%

7.2%

Oi S.A.

3.5%

3.9%

28.3%

(1)Amounts reflect the sale of Oi S.A.’s wireless assets to Telefonica, Claro, and TIM.

For the year ended December 31,

Percentage of Site Development Revenue

2023

2022

2021

T-Mobile

71.5%

80.1%

78.2%

Verizon Wireless

16.8%

7.8%

3.3%