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February 09, 2016 10:03 AM ET

Diversified Telecommunication Services

Company Overview of SBA Communications Corp.

Company Overview

SBA Communications Corporation owns and operates wireless communications tower structures, rooftops, and other structures that support antennas used for wireless communications in the United States and its territories, Canada, Central America, and Brazil. The company operates through two segments, Site Leasing and Site Development. It leases antenna space to wireless service providers on towers that it owns or operates; and manage rooftop and tower sites for property owners under various contractual arrangements. As of December 31, 2014, the company owned 24,292 towers; and managed or leased approximately 5,000 actual or potential towers. It also provides a range of site development services...

5900 Broken Sound Parkway NW

Boca Raton, FL 33487

United States

Founded in 1989

1,259 Employees

Phone:

561-995-7670

Key Executives for SBA Communications Corp.

Chief Executive Officer, President and Director
Age: 57
Total Annual Compensation: $700.0K
Chief Financial Officer and Executive Vice President
Age: 43
Total Annual Compensation: $400.0K
President of International
Age: 50
Total Annual Compensation: $425.0K
Chief Administrative Officer, Executive Vice President and General Counsel
Age: 57
Total Annual Compensation: $425.0K
Executive Vice President of Site Leasing
Age: 46
Total Annual Compensation: $330.0K
Compensation as of Fiscal Year 2014.

SBA Communications Corp. Key Developments

SBA Communications Corp. Presents at Citi Global Internet, Media and Telecommunications Conference, Jan-06-2016 10:15 AM

SBA Communications Corp. Presents at Citi Global Internet, Media and Telecommunications Conference, Jan-06-2016 10:15 AM. Venue: The Bellagio Hotel, 3600 Las Vegas Blvd, Las Vegas, NV 89109, United States. Speakers: Brendan T. Cavanagh, Chief Financial Officer and Executive Vice President.

SBA Communications Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Provides Earnings Guidance for the Fourth Quarter and Full Year Ending December 31, 2015; Provides Earnings Guidance for the Year 2016

SBA Communications Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported total revenues of $410,735,000 compared to $393,293,000 a year ago. Operating income was $43,083,000 compared to $89,484,000 a year ago. Loss before provision for income taxes was $154,020,000 compared to $15,642,000 a year ago. Net loss was $155,946,000 or $1.23 per basic and diluted share compared to $16,624,000 or $0.13 per basic and diluted share a year ago. Net cash provided by operating activities was $159,205,000 compared to $150,343,000 a year ago. Capital expenditures were $43,919,000 compared to $59,196,000 a year ago. Adjusted EBITDA was $275,188,000 compared to $254,340,000 a year ago. Annualized Adjusted EBITDA was $1,100,752,000 compared to $1,017,360,000 a year ago. FFO was $7,301,000 compared to $141,351,000 a year ago. AFFO was $183,927,000 or $1.43 per share compared to $173,835,000 or $1.33 per share a year ago. As at September 30, 2015, the company’s net debt was $8,379,242,000. For the nine months, the company reported total revenues of $1,231,533,000 compared to $1,122,262,000 a year ago. Operating income was $230,328,000 compared to $239,934,000 a year ago. Loss before provision for income taxes was $199,561,000 compared to $19,975,000 a year ago. Net loss was $206,673,000 or $1.61 per basic and diluted share compared to $24,685,000 or $0.19 per basic and diluted share a year ago. Total capital expenditures were $162,311,000. The company provided earnings guidance for the fourth quarter and full year ending December 31, 2015 and full year of 2016. For the quarter, the company expects total revenues are to be in the range of $398.0 million to $408.0 million, tower cash flow is to be in the range of $282.0 million to $287.0 million, adjusted EBITDA is to be in the range of $269.0 million to $274.0 million, net cash interest expense is to be in the range of $80.5 million to $82.5 million, non-discretionary cash capital expenditures are to be in the range of $8.0 million compared to $9.0 million, AFFO is to be in the range of $175.0 million to $184.0 million and discretionary cash capital expenditures is to be in the range of $265.0 million to $265.0 million. For the full year ending December 31, 2015, the company expects total revenues are to be in the range of $1,629.6 million to $1,639.6 million, tower cash flow is to be in the range of $1,137.6 million to $1,142.6 million, adjusted EBITDA is to be in the range of $1,089.5 million to $1,094.5 million, net cash interest expense is to be in the range of $316.7 million to $318.7 million, non-discretionary cash capital expenditures are to be in the range of $32.6 million compared to $33.6 million, AFFO is to be in the range of $728.0 million to $737.0 million and discretionary cash capital expenditures is to be in the range of $801.4 million to $811.4 million. For the full year of 2016, the company expects total revenues are to be in the range of $1,635.0 million to $1,675.0 million, tower cash flow is to be in the range of $1,173.0 million to $1,193.0 million, adjusted EBITDA is to be in the range of $1,113.0 million to $1,133.0 million, net cash interest expense is to be in the range of $322.0 million to $332.0 million, non-discretionary cash capital expenditures are to be in the range of $30.0 million compared to $40.0 million, AFFO is to be in the range of $731.0 million to $775.0 million and discretionary cash capital expenditures is to be in the range of $170.0 million to $190.0 million.

SBA Communications Corp. to Report Q3, 2015 Results on Nov 04, 2015

SBA Communications Corp. announced that they will report Q3, 2015 results at 5:00 PM, Eastern Standard Time on Nov 04, 2015

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Date
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Merger/Acquisition
November 5, 2015
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November 5, 2015
225 Communication Sites
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