Last $104.46 USD
Change Today +0.12 / 0.12%
Volume 288.2K
SBAC On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 11:11 AM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

sba communications corp-cl a (SBAC) Snapshot

Open
$104.45
Previous Close
$104.34
Day High
$104.68
Day Low
$103.89
52 Week High
07/22/14 - $106.04
52 Week Low
08/19/13 - $71.10
Market Cap
13.5B
Average Volume 10 Days
812.2K
EPS TTM
$0.03
Shares Outstanding
128.8M
EX-Date
--
P/E TM
3,733.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for SBA COMMUNICATIONS CORP-CL A (SBAC)

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sba communications corp-cl a (SBAC) Details

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, as well as in Canada, Central America, and South America. The company operates in two segments, Site Leasing and Site Development. SBA Communications Corporation leases antenna space to wireless service providers on towers that it own or operate; and manages rooftop and tower sites for property owners under various contractual arrangements. As of December 31, 2013, it owned 20,079 towers. The company also managed or leased approximately 4,800 actual or potential towers. In addition, it provides various site development services comprising network pre-design; site audits; identification of potential locations for towers and antennas; support in buying or leasing of the location; assistance in obtaining zoning approvals and permits; tower structure construction; antenna installation; and radio equipment installation, commissioning, and maintenance. SBA Communications Corporation was founded in 1989 and is headquartered in Boca Raton, Florida.

1,117 Employees
Last Reported Date: 02/27/14
Founded in 1989

sba communications corp-cl a (SBAC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $650.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $360.0K
Executive Vice President and President of Int...
Total Annual Compensation: $390.0K
Chief Administrative Officer, Executive Vice ...
Total Annual Compensation: $390.0K
Executive Vice President of Site Leasing
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2013.

sba communications corp-cl a (SBAC) Key Developments

SBA Communications Corporation to Expand Operations in Brazil with Acquisition of 1,641 Additional Wireless Sites

SBA Communications Corporation announced that it has entered into a definitive agreement with certain subsidiaries of Oi SA and its affiliates, under which SBA will acquire 1,641 wireless sites in Brazil. Upon closing of the transaction, Oi will enter into a long-term lease with SBA, with monthly lease payments, for antenna space on each of these sites. The sites currently have 1.4 tenants per site (including Oi) and include leases with all of the major wireless carriers in Brazil. The transaction, subject to customary closing conditions, is expected to close by year end 2014. This transaction was exclusively negotiated and is on terms and conditions similar to SBA's acquisition of 2,007 sites from Oi, which transaction closed March 31, 2014. The consideration to be paid by SBA for the 1,641 sites will be approximately BRL 1.17 billion (or approximately USD 527 million at current exchange rates). SBA expects to fund the purchase price from cash on hand and existing revolver capacity. SBA anticipates that the sites will contribute approximately BRL 125.7 million of cash leasing revenue and BRL 74.2 million of tower cash flow to SBA's results for full year 2015. SBA anticipates that the transaction, upon closing, will be immediately accretive to AFFO per share. Upon consummating this transaction, SBA will own or have use rights with respect to approximately 7,000 sites in Brazil. Citigroup acted as financial advisor to SBA.

SBA Communications Corp. to Sell $750,000,000 Aggregate Principal Amount of its 4.875% Senior Notes Due 2022

On June 17, 2014, SBA Communications Corporation entered into a Purchase Agreement under which SBA agreed to sell $750,000,000 aggregate principal amount of its 4.875% Senior Notes due 2022 to J.P. Morgan Securities LLC, as representative of the several initial purchasers named therein. The Notes will have an interest rate of 4.875% and will be issued at a price of 99.178% of their face value. SBA expects the closing of the Notes to occur on July 1, 2014. SBA intends to use the net proceeds from this offering to redeem the aggregate principal amount outstanding of the 8.25% Senior Notes due 2019, which are redeemable, upon notice of not less than 30 days, as of August 15, 2014 and to pay SBA's conversion obligations with respect to approximately $121 million aggregate principal amount of the 4.0% Convertible Senior Notes due 2014. All remaining net proceeds will be used for general corporate purposes. SBA anticipates that its general corporate purposes will include an early unwind of a portion of the outstanding warrants underlying its 4.0% Notes for cash and paying in cash a portion of the principal amount outstanding of its 4.0% Notes upon their conversion.

SBA Communications Prices $750 Million of Senior Notes

SBA Communications has priced an offering of $750 million aggregate principal amount of senior notes due 2022, which was upsized from the previously announced $600 million. The company expects the closing of the notes to occur on July 1, 2014. The notes will have an interest rate of 4.875% and will be issued at a price of 99.178% of their face value. The company intends to use the net proceeds from the offering to redeem all of its 8.25% Notes due 2019, which are redeemable, upon notice of not less than 30 days, as of August 15, 2014 and to pay its conversion obligations with respect to $121 million aggregate principal amount of its 4.0% Convertible Senior Notes due 2014. All remaining net proceeds will be used for general corporate purposes.

 

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SBAC

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Valuation SBAC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 10.0x
Price/Book 33.9x
Price/Cash Flow 25.8x
TEV/Sales 4.7x
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