InfoAnda - SBA Communications to buy tower sites for $1.45 billion |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

AP NewsAlert | 6 August 2009
Netanyahu-Mubarak talks postponed again | | 13 July 2010
Ingush leader badly wounded in assassination bid | 23 June 2009

EU tackles Google dominance in antitrust probe | 30 November 2010

Forum Views () Forum Replies ()

Read more with google mobile : SBA Communications to buy tower sites for $1.45 billion |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Anatole Kaletsky Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Frederick Kempe Christopher Papagianis Mark Leonard Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Counterparties: Today's Best Links The world's billionaires, in one chart It's not just how many billionaires a country produces, it's how their wealth is made, according to a revealing new analysis. Read more at Counterparties Old vs. Young: America's economic resource battle Soros warns Europe. Again. Sign up for the Counterparties newsletter! Follow Reuters Facebook Twitter RSS YouTube Read Turkish PM warns Syria of backlash | 12:39pm EDT Insight: A land owner caught between energy giants 7:05am EDT Raging Colorado wildfire grows near US Air Force Academy | 25 Jun 2012 One dead, 2 hurt in natgas blast in Colorado-media 10:44am EDT Wall Street flat on euro zone worries, weak consumer sentiment | 11:48am EDT Discussed 129 Obama campaign requests outside Republican group disclose donors 119 House panel to vote on Holder contempt charge: aide 92 California tobacco tax hike narrowly defeated at polls Watched Brit promotes online French chic Mon, Jun 25 2012 Finns fight stress at brain gym 7:46am EDT U.S. Morning Call: News Corp mulls splitting into two: WSJ Mon, Jun 25 2012 Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Battleground Arizona A look at the fight over Arizona's controversial immigration law. Slideshow Best of Euro 2012 Highlights from all the Euro 2012 action. Slideshow SBA Communications to buy tower sites for $1.45 billion Tweet Share this Email Print Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » Media » iPad » By Supantha Mukherjee Tue Jun 26, 2012 11:24am EDT (Reuters) - Cellphone tower operator SBA Communications Corp will buy 3,252 tower sites in the United States and Puerto Rico from privately held TowerCo for about $1.45 billion to take advantage of explosive growth in data traffic from users of mobile devices such as Apple Inc's iPhone and iPad. SBA, which has a market value of $6.64 billion, is the smallest of the three major U.S. tower companies but it is growing quickly as competition among existing participants is limited and entry barriers are high. The purchase, for $1.2 billion in cash and 4.6 million SBA shares, will boost SBA's tower count to more than 15,000. SBA said the deal would immediately add to adjusted funds from operations after it closes in the fourth quarter. "We expect the TowerCo assets will produce about $155 million to $160 million in leasing revenue and $93 million to $95 million tower cash flow for the calendar year 2013," Chief Financial Officer Brendan Cavanagh said in a conference call. A tower can host antennas for multiple operators, resulting in lower costs for clients and more profit for the tower owner. "We believe the TowerCo assets are high quality, well located and have ample capacity for additional tenants," SBA Chief Executive Jeffrey Stoops said in a statement. Stoops noted that "a fair amount" of TowerCo's revenue comes from Sprint Nextel's Integrated Digital Enhanced Network (iDen), which the No. 3 U.S. mobile provider is in the process of decommissioning but that this was not a major concern. Sprint said in May that it plans to cease service on the iDEN as early as June 30, 2013 as part of a series of network updates designed to offer next generation network capabilities. While Sprint's iDen leases expire between 2015 and 2018, Stoops said there would be no decommissioning until 2015. After the deal, Sprint's contribution to SBA's revenue will increase to 27 percent from 23 percent, he said. Both the companies count AT&T Inc, T-Mobile USA and Verizon Wireless among their customers. None of the 21 analysts covering SBA has a "sell" rating on the stock. Nineteen rate it a "buy" or a "strong buy," according to Thomson Reuters StarMine data. The TowerCo deal is SBA's second billion-dollar acquisition after it agreed to buy more than 2,300 towers from Mobilitie LLC for about $1.09 billion in February. "We will not be pursuing any other major U.S. transaction this year," Stoops said, indicating that SBA may not bid for the 37,000 towers that T-Mobile USA, the No. 4 U.S. mobile provider, is looking to sell this year. SBA and rivals American Tower Corp and Crown Castle International Corp are scrambling to increase capacity to meet the growing demand for data. Industry leader American Tower, which has 28,000 towers, spent $500 million to buy 2,500 towers from Telefónica's Mexican unit in December. Crown Castle swiftly followed by snapping up NextG Networks Inc to expand its small antenna business. SBA, which is based in Boca Raton, Florida, said it would fund the deal with cash on hand, existing credit facilities and up to $900 million in financing commitments from J.P. Morgan. J.P. Morgan was the financial adviser to SBA while Wells Fargo Securities LLC advised TowerCo, which was founded in 2004 by current CEO Richard Byrne along with Scot Lloyd and Tailwind Capital. SBA shares were up 0.3 percent at $55.80 in late morning trade on the Nasdaq after matching its a year-high of $56.00. The stock traded as low as $32.36 in October. (Editing by Joyjeet Das and Ted Kerr) Tech Deals Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Global Deals Review Inflows Outflows Media iPad Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Tuesday, 26 June 2012
UK hackers admit plotting attacks on CIA, firms |
Sudan finance minister: no retreat on cuts despite protests |
African extremist groups linking up: U.S. general |
Iraq bomb kills 9 young soccer players, fans: officials |
Insight: Road to nowhere: the longest expressway India never had |
Rwanda says being made a scapegoat for Congo mutiny |
Paraguay's Lugo protests as new cabinet sworn in |
Facebook taps COO Sandberg for board seat |
Microsoft to buy Yammer for $1.2 billion |
RIM swoons on analyst's call for its downsizing |
Smile, you're on Yoko Ono's new app |
U.S. trade panel to revisit initial ruling versus. Apple |
Supreme Court to hear Comcast antitrust appeal |
Casablanca Oscar could fetch $3 million at auction |
Heavy fighting around Syrian capital: activists |
Egypt's Islamist president takes revolution to palace |
Three dead in Mexico airport gunfight between police |
UK hackers admit plotting attacks on CIA, firms |
Al Qaeda threatens Arab Spring nations: UK spy chief |
Arrests made in Israeli Holocaust memorial vandalism |
Qaeda members fled U.S.-backed strike to Oman: paper |
China forcing refugees back to Myanmar conflict zone: report |
South Korea to halt Iran oil imports as EU ban bites |
Submarine scandal surfaces to trouble Malaysia PM ahead of polls |
Facebook taps COO Sandberg to be first woman on board |
Mac users guided to pricier hotels on Orbitz: WSJ |
Microsoft to buy Yammer for $1.2 billion |
New bank theft software hits three continents: researchers |
U.S. trade panel to revisit initial ruling vs. Apple |
Michael Jackson's convicted doctor wishes he testified: lawyers |
Uggie the dog plants paw prints in Hollywood |
Freeze-frame: Cinema Antarctic breaks the ice for polar scientists |
Israel settlers begin to quit unauthorized outpost |
Analysis: Mexican ruling party faces defeat but may back reforms |
Egypt court rejects army powers to arrest civilians |
Mr. Euro named Greek finance minister |
South Africa must reform white-dominated economy: Zuma |
Venezuela election ads glorifying Chavez irk foes |
Iran tanker firm delays expansion as sanctions hurt |
At least two dead in north Mali clashes: hospital |
Yemen and Oman hunt al Qaeda infiltrators |
For Samsung, Galaxy halo effect comes with supply crunch |
Facebook taps COO Sandberg to be first woman on board |
Promoting health? It's all in the game |
Angry Birds sweet-talk copycats in booming China market |
Solar production glut to persist to 2015: study |
UK wastes more money than thought on gadget standby |
SBA Communications to buy tower sites for $1.45 billion |
Italy's antitrust chief warns on Google monopoly |
Infineon lowers outlook as hit by global slowdown |
FTC files lawsuit against Wyndham in data breach |
Spice Girls in raucous reunion to promote musical |
Soderbergh says tired of making important movies |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01