SBA Communications Announces Acquisition of 800 Towers in Brazil

SBA Communications Announces Acquisition of 800 Towers in Brazil

BOCA RATON, Fla., Dec. 26, 2012 (GLOBE NEWSWIRE) -- SBA Communications
Corporation (Nasdaq:SBAC) ("SBA" or the "Company") announced today it has
launched operations in Brazil and on December 20, 2012, acquired 800
freestanding wireless towers from one of the leading broadband wireless
carriers in Brazil. The consideration for the acquisition is R$362.8 million
payable from cash on hand and borrowings under the Company's Revolving Credit
Facility. SBA expects these assets will produce approximately R$19 to R$23
million in Tower Cash Flow for the full calendar year 2013 and be immediately
accretive to AFFO per share.

"We are very pleased to have acquired these assets," commented Jeffrey A.
Stoops, SBA's President and Chief Executive Officer. "We are excited to begin
operations in Brazil. This acquisition provides us with a national footprint
of high quality towers, including leasing arrangements with all of the major
broadband wireless providers, and establishes us as a substantial independent
tower owner in an attractive and high growth market."

Information Concerning Forward-Looking Statements

This press release includes forward-looking statements, including statements
regarding (1) the Company's expectations regarding the amount of 2013 tower
cash flow that the acquired towers will generate and the overall future
performance of the acquired towers post-closing, (2) the financial impact of
the acquisition, including the accretive impact of the transactions to the
Company's adjusted funds from operations per share, (3) the quality and
characteristics of the acquired towers, and (4) the Company's expectations
regarding the Brazilian telecommunications industry. These forward-looking
statements may be affected by the risks and uncertainties in the Company's
business. This information is qualified in its entirety by cautionary
statements and risk factor disclosures contained in the Company's Securities
and Exchange Commission filings, including the Company's annual report on Form
10-K filed with the Commission on February 27, 2012 and its other filings with
the SEC. The Company wishes to caution readers that certain important factors
may have affected, and could in the future affect, the Company's actual
results and could cause the Company's actual results for subsequent periods to
differ materially from those expressed in any forward-looking statement made
by or on behalf of the Company. With respect to the expectations expressed in
this press release, these risk factors include, but are not limited to, (1)
the Company's ability to accurately estimate the future financial performance
of the acquired towers based on the diligence conducted prior to the execution
of the agreement, (2) the Company's ability to successfully integrate the
acquired towers, (3) the ability and willingness of Brazilian wireless service
providers to maintain or increase their capital expenditures, (4) the
Company's ability to secure and retain as many Brazilian site leasing tenants
as planned at anticipated lease rates, (5) the cost of establishing operations
in a new country, (6) the economic climate for the wireless communications
industry in Brazil in general and the wireless communications infrastructure
providers in particular and (7) those additional risk factors set forth in the
Company's 10-K and its other filings with the SEC. This press release will be
available on our website at www.sbasite.com.

About SBA Communications Corporation

SBA Communications Corporation is a first choice provider and leading owner
and operator of wireless communications infrastructure in North, South 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
         561-226-9431
 
Press spacebar to pause and continue. Press esc to stop.