SBA Communications Corporation Releases Information Regarding Contemplated
Combination of Sprint and Clearwire
BOCA RATON, Fla., Dec. 19, 2012 (GLOBE NEWSWIRE) -- SBA Communications
Corporation (Nasdaq: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
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