Question-and-Answer Session
Operator
(Operator Instructions) The first question comes from the line of Brett Feldman – Barclays Capital.
Brett Feldman – Barclays Capital
I am hoping you could talk about the drivers of leasing activity right now and I’m not sure what you think is the best way to characterize it but maybe you could talk about it either in terms of technology? Are you seeing a very 3G heavy leasing? Is it maybe more appropriate to talk about the types of carriers or is it more interesting to talk about geography? Parts of the country, even just urban versus rural. I’m just curious what type of color you can give around where demand is coming from.
Ben Moreland
It is not dissimilar from other years and as we spend time with our sales team reviewing details both geographically, by carrier and technology it is a very healthy mix. It is everything from brand new voice deployments for carriers deploying in markets for the first time to roaming over-builds which are additional full antenna array installations, the 3G amendments which are upgrades on a number of sites to some brand new carriers that have just announced they are going to build out spectrum that they have acquired.
Just like it has always been, it typically comes in not exactly as you expected. We can do our best to forecast overall growth but it always ebbs and flows just a little bit from quarter-to-quarter and technology-to-technology and carrier-to-carrier. The fundamental reality is that it is a broad based continued build and enhancement of the existing networks as well as some new networks and that fundamentally goes to just the strength of the overall consumer demand for wireless.
As I mentioned in my comments one of the things we focus very obviously on is the incremental returns available to carriers from this incremental capital investment and we continue to see it being quite healthy as evidenced by the statistics I ran through. The incremental data ARPU from network enhancements that are enabling consumers like most of us to access 3G services on our devices are high returning activities and that continues unabated. So I can’t really be precise with my answer to your question because it is broad based, it is all over the country and it is technology that frankly expands from 2G voice installations to some very early applications we see around some of the LTE upgrades we will see in the coming years.
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