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May 06, 2015 11:57 AM ET

Wireless 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: 55
Total Annual Compensation: $700.0K
Chief Financial Officer and Executive Vice President
Age: 42
Total Annual Compensation: $400.0K
Executive Vice President and President of International
Age: 49
Total Annual Compensation: $425.0K
Chief Administrative Officer, Executive Vice President and General Counsel
Age: 56
Total Annual Compensation: $425.0K
Executive Vice President of Site Leasing
Age: 45
Total Annual Compensation: $330.0K
Compensation as of Fiscal Year 2014.

SBA Communications Corp. Key Developments

SBA to Invest EUR 6 Million in its Furniture Plant in Visaginas

SBA concern plans to invest more than EUR 6 million in Visagino Linija, a furniture manufacturing plant in Visaginas, which will this year install the third furniture processing line that will help increase the output and improve efficiency.

SBA Communications Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter Ending June 30, 2015 and Full Year of Fiscal 2015

SBA Communications Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. Total revenues in the first quarter of 2015 were $410.1 million compared to $345.6 million in the year earlier period, an increase of 18.7%. Net loss was $79.0 million or $0.61 per share compared to $1.4 million in income or $0.01 per share in the year earlier period. Adjusted EBITDA was $271.0 million compared to $226.7 million in the year earlier period, an increase of 19.6%. AFFO increased 20.0% to $184.6 million compared to $153.8 million in the year earlier period. AFFO per share increased 19.5% to $1.41 compared to $1.18 in the year earlier period. Tower cash flow for the first quarter of 2015 was $284.0 million, a 19.6% increase over the year earlier period. Total cash capital expenditures for the first quarter of 2015 were $121.4 million, consisting of $7.4 million of non-discretionary cash capital expenditures (tower maintenance and general corporate) and $114.0 million of discretionary cash capital expenditures (new tower builds, tower augmentations, acquisitions, purchasing land and easements, and capital expenditures associated with the purchase and refurbishment of a new headquarters building). Operating income was $89.086 million against $67.136 million for the same period of last year. Loss before provision for income taxes was $76.067 million against income of $3.093 million for the same period of last year. Net cash provided by operating activities was $178.408 million against $160.215 million for the same period of last year. Capital expenditures were 68.100 million against $32.238 million a year ago. For the second quarter ending June 30, 2015, the company expects, total revenues of $403.0 to $413.0 million; tower cash flow of $281.0 to $286.0 million; adjusted EBITDA of $269.5 to $274.5 million; non-discretionary cash capital expenditures of $8.5 to $9.5 million; AFFO of $178.5 to $187.5 million; and discretionary cash capital expenditures of $306.0 to $316.0 million. For the full year of 2015, the company expects, total revenues of $1,620.0 to $1,665.0 million; tower cash flow of $1,134.0 to $1,154.0 million; adjusted EBITDA of $1,086.0 to $1,106.0 million; non-discretionary cash capital expenditures of $29.0 to $39.0 million; AFFO of $722.0 to $765.0 million; and discretionary cash capital expenditures of $540.0 to $560.0 million.

SBA Communications Corporation Announces Appointment of Mary S. Chan to Board of Directors, Effective May 1, 2015

SBA Communications Corporation announced the appointment of Mary S. Chan to its board of directors. Ms. Chan brings to the SBA Board over 25 years of extensive experience in telecommunications and wireless technology industries, including roles at General Motors Corporation, Dell Inc., Alcatel-Lucent and predecessor Lucent Technologies, and AT&T Network Systems. Ms. Chan's appointment will be effective May 1, 2015. Ms. Chan will serve as an independent director and, concurrent with her appointment, SBA's Board will be expanded to eight members. From May 2012 to April 2015, Ms. Chan served as President, Global Connected Consumer & OnStar Service, at General Motors Corporation, where she led the development and execution of General Motors' strategic global infotainment plans, including the launch of 4G LTE connectivity across its global portfolio of vehicle brands.

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Recent Private Companies Transactions

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Date
Target
Merger/Acquisition
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Merger/Acquisition
June 25, 2014
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