SBA to Expand Operations in Brazil With 2,113 Additional Towers

SBA to Expand Operations in Brazil With 2,113 Additional Towers

BOCA RATON, Fla., July 15, 2013 (GLOBE NEWSWIRE) -- SBA Communications
Corporation (Nasdaq:SBAC) ("SBA") today announced that it has entered into a
definitive agreement with Oi SA ("Oi"), one of Brazil's largest
telecommunications service providers, and its affiliates, under which SBA will
have exclusive use rights for 2,113 towers in Brazil which Oi currently
occupies pursuant to a fixed wireline concession granted by the Brazilian
federal government. Upon closing of the transaction, Oi will enter into a
long-term lease with SBA, with monthly lease payments, for antenna space on
each of these towers.In exchange, SBA will assume all responsibility of
operating and maintaining the towers and will have the right to lease space on
the towers to other telecommunications service providers.The towers currently
have 1.15 tenants per tower and include leases with all of the major wireless
carriers in Brazil. The transaction, subject to customary closing conditions,
is expected to close by year-end 2013.

The consideration to be paid by SBA will be approximately R$686.7 million (or
approximately USD$302.6 million at current exchange rates). SBA expects to
fund the purchase price from cash on hand and from borrowings under its
currently undrawn USD$770 million revolving credit facility.SBA anticipates
that the towers will contribute R$73.5 million (USD$32.4 million) of revenue
andR$67.3 million (USD$29.6 million) of tower cash flow for full-year
2014.SBA anticipates that the transaction, upon closing, will be immediately
accretive to AFFO per share.Including this transaction, SBA owns or is under
agreement to acquire direct ownership or use rights with respect to over 3,000
towers in Brazil.

Information Concerning Forward-Looking Statements

This press release includes forward-looking statements, including statements
regarding (1) the anticipated successful consummation of the transaction with
Oi, including the timing of such consummation and (2) the Company's
expectations regarding the revenue and tower cash flow that the towers will
generate in 2014 and the accretive impact of the transaction to the Company's
AFFO per share post-closing. 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, 2013. The Company wishes to caution readers that certain
important factors may cause actual results to differ materially from those
expressed in any of these forward-looking statements. With respect to the
Company's expectations regarding the ability to close the transaction with Oi
and the timing of such closing, these factors include (i) obtaining required
Brazilian regulatory approval, (ii) the ability and willingness of each party
to fulfill their respective closing conditions and (iii) the availability of
cash on hand or borrowing capacity under the senior credit facility. With
respect to the Company's expectations regarding the future financial
performance of the towers and the accretive impact of the transaction, these
risk factors include (1) the Company's ability to successfully integrate the
towers, (2) the Company's ability to enter into additional leases with other
telecommunications service providers to collocate onto these towers, (3) the
foreign exchange rate in effect at such time, (4) the Company's ability to
accurately estimate the future financial performance of the towers based on
the diligence conducted prior to the execution of the agreement and (5) those
factors that impact the growth of the tower industry in general, which are set
forth in the Company's SEC Filings.

About SBA Communications Corporation

SBA Communications Corporation is a first choice provider and leading owner
and operator of wireless communications infrastructure in North, Central and
South America. By "Building Better Wireless", SBA generates revenue from two
primary businesses -- site leasing and site development services. SBA's
primary focus 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
         Corporate Communications
         561-226-9431