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

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

Delayed Quote. Delayed  - 07/28 10:00:00 pm
112.48 USD   -0.24%
07/28 SBA COMMUNICATI : misses Street 2Q forecasts
07/28 SBA Communications Corporation Reports 2nd Quarter 2016 Results; ..
07/05 SBA Communications Corporation Sets Date for 2nd Quarter 2016 Ear..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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 CEST

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
07/28 SBA COMMUNICATIONS CORP : Results of Operations and Financial Condition, Financi..
07/28 SBA COMMUNICATIONS : misses Street 2Q forecasts
07/28 SBA Communications Corporation Reports 2nd Quarter 2016 Results; Provides 3rd..
07/08 SBA COMMUNICATIONS CORP : Entry into a Material Definitive Agreement, Creation o..
07/05 SBA Communications Corporation Sets Date for 2nd Quarter 2016 Earnings Releas..
07/01 Deutsche Telekom looks to sell off German mobile masts - sources
06/24 SBA COMMUNICATIONS CORP : Entry into a Material Definitive Agreement, Other Even..
06/24 SBA COMMUNICATIONS : Prices Offering of 2.877% Secured Tower Revenue Securities ..
06/22 SBA COMMUNICATIONS CORPORATION : Announces Pricing of $700 Million of Secured To..
06/21 SBA Communications Corporation Announces Pricing of $700 Million of Secured T..
More news
Sector news : Wireless Telecommunications Services - NEC
03:05aDJAmé rica Mó vil's Net Profit Falls as Mexico Weighs on Earnings
02:13aDJAMERICA MOVIL SAB DE CV : Net Profit Falls as Mexico Weighs on Earnings
07/28 SOFTBANK : books $65 million in retirement pay to founder's ex-heir apparent
07/28 Avnet's 691 million pounds offer for Premier Farnell tops Daetwyler's bid
07/27DJSingapore's Sovereign-Wealth Fund Sees Lower Returns Ahead
More sector news : Wireless Telecommunications Services - NEC
News from SeekingAlpha
07/28 SBA Communications beats by $0.12, beats on revenue
07/28 BEST NEAR-TERM PRICE GAINS AHEAD FOR : Communication Services Stocks
07/27 Notable earnings after Thursday?s close
07/27 THE NEXT DATA PLAY : Billboard Companies
07/11 The Rise Of Tower Stocks And The Importance Of Data In The Mobile Economy
Advertisement
Financials ($)
Sales 2016 1 634 M
EBIT 2016 424 M
Net income 2016 99,1 M
Debt 2016 8 316 M
Yield 2016 -
P/E ratio 2016 142,87
P/E ratio 2017 101,37
EV / Sales 2016 13,7x
EV / Sales 2017 13,0x
Capitalization 14 153 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
TrendsBullishBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 125 $
Spread / Average Target 11%
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..7.05%14 153
AT&T INC.23.74%263 250
CHINA MOBILE LTD.11.93%258 746
NTT DOCOMO INC13.16%105 500
VODAFONE GROUP PLC6.58%81 672
KDDI CORP1.48%80 023
More Results