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Page 1 1 Overview 1 Page 2 2 Tower Scorecard 2 U.S. Landscape 2 Graphics Title: FIGURE 1 Network/Site Development Services Revenue % Change Q/Q 2 Graphics Title: % Change Q/Q 2 2H20 T-Mobile Macro Site Activity Expectations Gain Steam 2 Page 3 3 Graphics Title: FIGURE 2 Mobile Capex ($M) 3 Graphics Title: FIGURE 3 U.S. Tower Site Rental Growth Organic Contribution Y/Y 3 Domestic Churn Rates Remain Steady, but Concerns on the Horizon 3 Page 4 4 Domestic Churn Rates Remain Steady, but Concerns on the Horizon (CONT) 4 Graphics Title: FIGURE 4 Domestic Churn as a % of Total Tenant Billings 4 Customer Concentration as a % of Domestic Site Leasing Revenue 4 Page 5 5 Graphics Title: FIGURE 5 T-Mobile Customer Concentration as a % of Domestic Site Leasing Revenue 5 Graphics Title: FIGURE 6 AT&T Wireless Customer Concentration as a % of Domestic Site Leasing Revenue 5 Graphics Title: FIGURE 7 Verizon Wireless Customer Concentration as a % of Domestic Site Leasing Revenue 5 Margins Have Been Largely Expanding for the Group 5 Page 6 6 Graphics Title: FIGURE 8 Domestic Tower Site Gross Margins 6 Targeted Domestic M&A Opportunities 6 International Landscape 6 Page 7 7 Graphics Title: FIGURE 9 A

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