Close the acquisition of the remaining Millicom sites
Delivered after the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 28 Apr 2025
- Due
- 1 Sep 2025
- Delivered
- October 2025
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“This includes an estimated closing date for the remaining sites under contract with Millicom of September 1, 2025”
What we found
Evidence strength A What the grades mean
The company missed the September 1, 2025, target date, as filings indicate the acquisition of the remaining Millicom sites closed subsequent to the third quarter, which ended September 30, 2025.
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A SBA Communications 10-Q filed 2025-11-06
“Subsequent to quarter end, the Company closed on the 2,020 sites related to the Millicom transaction that were remaining under contract” ✓ confirmed on the page
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A SBA Communications 8-K filed 2025-11-03
“The Company’s August 4, 2025 full year Outlook assumed a closing date of September 1, 2025 for the remaining sites under contract with Millicom... When compared to these assumed closing dates, the actual timing of these transactions negatively impacted the 2025 full year Outlook” ✓ confirmed on the page
Market reaction: the shares moved +2.9% against the S&P 500 over the three sessions around the disclosure (31 Oct 2025 to 5 Nov 2025). What this measures
Checked 21 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Acquisition close
- Indicative materiality
- High rules
- Action
- Close
- Deliverable
- remaining Millicom sites
- In the company’s control
- Medium
- Specificity
- High
- Conditional
- Yes: dependent upon regulatory approvals and other requirements
- Depends on
- Regulatory, Counterparty
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2025-SBAC-016653 · Corrections policy