Group 1 - The current state of carrier deployments shows that T-Mobile has completed its work on the 2.5 spectrum, while Verizon is at approximately 70% completion and actively collaborating with SBA. AT&T is lagging behind at around 50% completion [2]. - SBA has experienced a sequential increase in application volume for six consecutive quarters, indicating a growing demand for its services. However, there is a disconnect between the elevated application levels and domestic leasing activity [3].