SBAC Announces Record Number Of Tower Additions In 2nd Quarter.
Still doing DDD, i like what i see so far, anyone else care to help me dig ? go to :
ostman.com
Summay of news release. (edited).
July 7 /PRNewswire/ -- SBA
Communications Corporation (Nasdaq:
SBAC -)announced today:
...it added 184 towers to its
portfolio of towers owned in the second quarter
ended June 30, 1999, which is
the largest number of towers added by the company in
any quarter in its history.
. Anchor tenants on the towers newly built
by SBAC include AT&T, BellSouth,
Southwestern Bell, Sprint and
VoiceStream.
These additions bring the
number of towers owned by
SBAC as of June 30, 1999, to 770, a 31% increase
over the number of towers owned as of March
31, 1999.
SBAC currently has over 500 new tower builds under
various stages of development throughout the
nation which, upon
completion, will be owned by SBAC.
In addition, at
June 30, 1999, SBAC had 80 towers pending
acquisition under letters of
intent or definitive agreements in 20 separate
transactions.
SBAC is a leading independent owner and operator of
wireless communications infrastructure in the
United States. SBAC
generates revenue from two primary businesses -- site
leasing and site development services. The
primary focus of the company
is the leasing of antenna space on its multi- tenant
towers to a variety of wireless service providers
under long-term lease
contracts.
Since it was founded in 1989, SBAC has
participated in the development of over 13,000
antenna sites in the United
States. |
