SBA Communications Corporation Releases Information Regarding Contemplated Combination of Sprint and Clearwire
BOCA RATON, Fla., Dec. 19, 2012 (GLOBE NEWSWIRE) -- SBA Communications Corporation (SBAC) ("SBA" or the "Company") today released certain information in light of Sprint's contemplated acquisition of 100% ownership of Clearwire. As of December 19, 2012 (i) Sprint and Clearwire represent approximately 27% and 3%, respectively, of SBA's annualized site leasing revenue and (ii) SBA had separate leases for antenna space with Sprint and Clearwire on the same tower on approximately 750 of the Company's more than 16,500 currently owned tower sites. The revenue generated from Clearwire on these sites represents approximately 1.5% of SBA's annualized site leasing revenue. The average remaining current term associated with these leases is eight years for Sprint and two years for Clearwire.
About SBA Communications Corporation
SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North and Central America. By "Building Better Wireless", SBA generates revenue from two primary businesses - site leasing and site development services. The primary focus of the Company is the leasing of antenna space on its multi-tenant towers to a variety of wireless service providers under long-term lease contracts. For more information please visit: www.sbasite.com .
CONTACT: Mark DeRussy, CFA Capital Markets 561-226-9531 Lynne Hopkins Media Relations 561-226-9431Source: SBA Communications Corporation 2012 GlobeNewswire, Inc.