Financial PerformanceManagement raised 2025 guidance for site rental revenues, EBITDA and AFFO by 0.2%/1%/2% at the midpoint, driven by slightly higher straight-line revenues, better services margins, opex efficiencies and lower interest.
Operational EfficiencyNew CEO highlighted the opportunity to operate more efficiently as a pure play U.S. Tower operator.
Shareholder ReturnsWe expect ~$6B of proceeds from the Fiber/SC sale to be used for debt reduction and a $3B buyback program to commence post close.