![]() 1 Tower Portfolio Location National footprint Large, geographically diverse portfolio Low lease churn Zoning restrictions limit competition Tenant leases typically include contractual rent escalators State Sites % ARRNCF (1) Georgia 335 8.4% Tennessee 313 6.6% Florida 164 6.6% North Carolina 245 5.5% Alabama 282 5.5% Arkansas 315 4.9% Texas 334 4.4% Pennsylvania 226 4.4% Louisiana 281 4.2% New York 134 3.9% Other 2,346 45.4% Total 4,975 100.0% Site Location (BTA) (2) Site Location (BTA) Site Location (BTA) (2) (2) State Breakdown State Breakdown State Breakdown 56% 22% 10% 12% 0% 20% 40% 60% Top 100 101 - 200 201 - 300 301 + SBA Towers Note: All data for the subsidiaries’ tower portfolio as of October 1, 2006. Percentages may not add due to rounding. (1) Based on Annualized Run Rate Net Cash Flow as of October 1, 2006. (2) Represents percentage of Annualized Run Rate Net Cash Flow from Sites within each group of BTAs (Basic Trading Areas). BTAs are ranked by population, with the "Top 100" BTAs representing the 100 highest-populated BTAs out of 493 total BTAs. BTAs are geographic boundaries that segment the U.S. for licensing purposes. The FCC has used BTAs to license a number of wireless services including broadband and narrow band Personal Communication Services. Exhibit 99.1 |
![]() 2 201 - 250 ft 20.8% 251 - 300 ft 22.5% 301+ ft 14.5% 150 - 200 ft 31.1% < 150 ft 11.1% Monopole 25.9% Lattice 45.6% Guyed 24.5% Multiple and Other Structures 4.0% Tower Height (2) Tower Height Tower Height (2) (2) Tower Statistics Structure Type (3) Structure Type Structure Type (3) (3) Average Tenants per Site: 2.6 Annualized Run Rate Revenue / Site: $53,880 Annualized Run Rate Tower Cash Flow (“TCF”) / Site: $42,193 (1) Annualized Run Rate TCF Margin: 78% Annualized Run Rate Net Cash Flow / Site: $37,400 Site Financials Site Financials Site Financials Note: All data for the subsidiaries’ tower portfolio as of October 1, 2006. Percentages may not add due to rounding. (1) See Appendix page 36 for definition of Annualized Run Rate Tower Cash Flow (“ARRTCF”). (2) Percentages represent percent of total number of towers. (3) Percentages represent percent of Annualized Run Rate Net Cash Flow as of October 1, 2006. |
![]() 3 Cingular, 26.6% Sprint-Nextel, 26.6% Verizon, 9.7% T-Mobile, 8.2% Alltel, 4.4% Big 4 Affiliates, 3.6% Other Telephony, 14.4% Paging, 2.2% Other Non-Telephony, 3.4% Government, 1.0% Tenant Breakdown Tenant Breakdown Tenant Breakdown 4.4% (1) A2/A-/A Alltel 9.7% (2) A3/A/A+ Verizon 26.6% (1) Baa3/BBB+/BBB+ Sprint Nextel (3) 8.2% (1) A3/A-/A- T-Mobile (4) 21.0% (1) Other 100.0% (1) Total 3.6% (1) Big 4 Affiliates 26.6% (2) Baa1/A/A Cingular % of Annualized Run Rate Revenue Rating (2) (Moody’s/S&P/Fitch) Tenant Top Tenants Top Tenants Top Tenants Note: All data for the subsidiaries’ tower portfolio as of October 1, 2006. Percentages may not add due to rounding. (1) May represent ratings of an affiliate. (2) Ratings as of October 13, 2006. (3) Sprint Nextel includes Sprint affiliates U.S. Unwired and Gulf Coast. (4) T-Mobile USA, Inc. is a subsidiary of Deutsche Telekom AG. Rating based on Deutsche Telecom AG. 77% of Annualized Run Rate Revenue from the Sites is derived from tenants with an investment grade rating (1) 71% of Annualized Run Rate Revenue derived from Big 4 wireless carriers 75% if including Big 4 affiliates 93% of Annualized Run Rate Revenue comes from telephony Tenant Base |
![]() 4 15+ yrs 90.3% 10 - 15 yrs 4.1% <= 5 yrs 1.4% 5 - 10 yrs 2.1% Other 2.0% Tower Capacity / Tenant Lease Terms Note: All data for the subsidiaries’ tower portfolio as of October 1, 2006. Percentages may not add due to rounding. (1) Percentages represent percent of total number of Sites. There is one Site with no tenants. (2) Includes renewal options exercisable at the discretion of the tenant. (3) Remaining term durations are assumed to be one month for oral tenant leases (0.05% of Annualized Run Rate Revenue). (4) Other includes executed but not yet commenced tenant leases. Most towers are designed for telephony tenants and have ample capacity for lease up Currently 2.6 tenants per Site (including 2.2 telephony tenants) Weighted average remaining term for tenant lease is 20.2 years including renewals exercisable by tenants / 3.3 years excluding renewals Most tenant leases have automatic renewal provisions Remaining Tenant Lease Terms (2) (3) Remaining Tenant Lease Terms Remaining Tenant Lease Terms (2) (3) (2) (3) Highlights Highlights Highlights Tenants per Site (1) Tenants per Site Tenants per Site (1) (1) 4 Tenants 10.9% 3 Tenants 18.5% 2 Tenants 27.9% 1 Tenant 30.6% 5+ Tenants 12.1% (4) |
![]() 5 Ground Lease, 83.1% Owned, 14.6% Easement, 2.3% Real Estate / Ground Lease Terms 91% of the Sites are on land that is owned or controlled by ground leases for more than 14 years (1) 90% of Annualized Run Rate Net Cash Flow is on owned Sites or ground leases that expire beyond 14 years (1) Weighted average remaining term: 29.6 years Land Beneath Tower (2) Land Beneath Tower Land Beneath Tower (2) (2) Summary Summary Summary Note: All data for subsidiaries’ tower portfolio as of October 1, 2006. Percentages may not add due to rounding. (1) Includes renewal options exercisable at the discretion of the subsidiaries. (2) Percentages represent percent of Annualized Run Rate Net Cash Flow. (3) Includes Sites on owned land and easement Sites. Non-Ground Lease, 16.9% 192+, 73.1% 169 to 192, 2.7% 145 to 168, 4.3% < 145, 3.0% Remaining Lease Terms (mos) (2) Remaining Lease Terms (mos) Remaining Lease Terms (mos) (2) (2) (3) |