Performance in 2025 was driven by robust leasing demand in towers and data centers, with a strategic shift toward developed markets to improve earnings durability. The U.S. market is transitioning from initial 5G coverage overlays to capacity-oriented densification, which management expects will support durable mid-single-digit organic growth. Management has removed all DISH-related revenue from the 2026 outlook following a payment default, choosing to treat any future collections as incremental upsid ...