Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  SBA Communications Corporation    SBAC

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

SBA Communications To Pay $1.09 Billion To Acquire Tower Sites, Other Assets

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/21/2012 | 02:27pm CET

SBA Communications Corp. (>> SBA Communications Corporation) agreed to pay cell tower firm Mobilitie LLC $1.09 billion to acquire over 2,300 tower sites in the U.S. and Central America and other assets in a cash-and-stock deal.

SBA, which owns and operates wireless communications infrastructure in North and Central America, said it will pay $850 million in cash and 5.25 million Class A shares. The deal's value is based on the company's closing price on Friday.

The cash portion of the deal, which is expected to close in the second quarter, will be paid from a combination of cash on hand, existing credit facilities and $500 million in financing commitments from Barclays PLC (BCS, BARC.LN) and JPMorgan Chase & Co. (>> JPMorgan Chase & Co.).

Along with the tower sites SBA is acquiring, the company will also take ownership of some of Mobilitie's indoor and outdoor distributed antenna system assets in Chicago, Las Vegas, New York City and Auburn, Ala.

SBA President and Chief Executive Jeffrey A. Stoops said the towers could be readily integrated into the company's existing portfolio, as they are all located in areas where SBA already does business. He said the deal was particularly important as consumer demand for wireless data services continues to rise.

Stoops added SBA expects the transaction will immediately add to equity free cash flow per share.

The company's shares were inactive premarket at $46.27.

-By John Kell, Dow Jones Newswires; 212-416-2480; john.kell@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SBA COMMUNICATIONS CORPORA
01/17 SBA Communications Completes Merger in Connection with REIT Conversion
01/12 SBA Communications Shareholders Approve Merger in Connection with REIT Conver..
2016 SBA Communications Corporation to Speak at the 2017 Citi Internet, Media & T..
2016 SBA COMMUNICATIONS CORPORATION (NASD : SBAC) Files An 8-K Other Events
2016 SBA COMMUNICATIONS CORP : Other Events, Financial Statements and Exhibits (form ..
2016 SBA Communications Corporation to Hold Special Meeting of Shareholders
2016 SBA Communications Corporation (SBAC) Files An 8-K Regulation FD Disclosure
2016 SBA COMMUNICATIONS CORP : Regulation FD Disclosure (form 8-K)
2016 SBA COMMUNICATIONS : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION..
2016 SBA COMMUNICATIONS : reports 3Q loss
More news
Sector news : Wireless Telecommunications Services - NEC
09:01aDJVODAFONE : Extends Agreement with TDC in Denmark, Norway
01/16DJEricsson-Cisco Partnership Gets Vodafone Hutchison Australia Contract
01/13DJAT&T : Video-Streaming Service Recovers From Outage
01/12 AT&T : Trump meets with AT&T CEO, others
01/12DJAT&T : Chief Meets With President-Elect Trump Regarding Time Warner Deal -- Upda..
More sector news : Wireless Telecommunications Services - NEC
News from SeekingAlpha
01/12 SBA Communications shareholders OK REIT conversion
01/05 AMD Can Go Higher - Cramer's Lightning Round (1/4/17)
2016 BILL STOLLER POSITIONS FOR 2017 : Why Data Centers Should Continue To Outperform..
2016 BTIG stays bullish on wireless tower firms
2016 SBA Communications sets investor meeting to take up REIT conversion
Advertisement
Financials ($)
Sales 2016 1 634 M
EBIT 2016 410 M
Net income 2016 76,8 M
Debt 2016 8 327 M
Yield 2016 -
P/E ratio 2016 182,99
P/E ratio 2017 86,03
EV / Sales 2016 13,2x
EV / Sales 2017 12,5x
Capitalization 13 200 M
More Financials
Chart SBA COMMUNICATIONS CORPORA
Duration : Period :
SBA Communications Corpora Technical Analysis Chart | SBAC | US78388J1060 | 4-Traders
Full-screen chart
Technical analysis trends SBA COMMUNICATION...
Short TermMid-TermLong Term
TrendsBullishBearishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 130 $
Spread / Average Target 22%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Jeffrey A. Stoops President, Chief Executive Officer & Director
Steven E. Bernstein Chairman
Mark R. Ciarfella Executive Vice President-Operations
Brendan Thomas Cavanagh Chief Financial Officer & Executive Vice President
Jorge Grau Chief Information Officer & Vice President
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
SBA COMMUNICATIONS COR..3.03%13 200
AT&T INC.-3.34%252 457
CHINA MOBILE LTD.3.72%225 962
NTT DOCOMO INC2.07%94 814
SOFTBANK GROUP CORP5.41%79 418
KDDI CORP2.79%70 325
More Results