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To: Bo_ who wrote (43932)	4/17/2001 4:40:06 PM
From: Bo_	Read Replies (1) \| Respond to of 49816

SpectraSite Reports First Quarter Operational Results 4/17/01 4:38 PM ET Tower Portfolio Increased 19% Same Tower Revenue Growth of 39% CARY, N.C., April 17 /PRNewswire/ -- SpectraSite Holdings, Inc. (Nasdaq: SITE) today reported that it added 952 towers in the first quarter, increasing the number of towers owned by 19% to 5,982. Of the 952 towers added, 251 were newly built and 701 were acquired from wireless carriers, including 632 from SBC. The Company added 500 new colocation tenant leases, which equates to an annualized rate of 0.40 new tenants per tower on a broadband equivalent basis. The average monthly rent for these new tenants was $1,515, a slight increase from the fourth quarter. Steve Clark, President and CEO of SpectraSite, stated, "It was a very productive first quarter for SpectraSite. We are pleased that we were able to maintain a .40 lease-up rate during a period of rapid growth of our tower portfolio. The quality of our tenants remains high and we continue to lead the industry with an average broadband monthly lease rate of $1,709. Furthermore, 95% of leasing revenue added during this period came from established wireless carriers. We also lead the industry for same tower revenue growth which, based on trailing twelve months revenue on the 3,070 towers the Company owned as of March 31, 2000, was 39%. Mr. Clark also noted that the SBC integration is progressing smoothly and the Company continues to rapidly add SBC towers to its portfolio. At the end of the first quarter the Company had acquired a total of 1,371 SBC towers, which is ahead of schedule, and expects to acquire an additional 1,879 SBC towers by the end of 2001, in line with previous guidance. About SpectraSite Communications, Inc. SpectraSite Communications, Inc. (www.spectrasite.com), based in Cary, North Carolina, is one of the largest wireless tower operators in the United States. The Company also is a leading provider of outsourced network services to the wireless communications and broadcast industries in the United States and Canada. Pro forma for all pending transactions, SpectraSite owns or manages approximately 30,000 sites, including 8,500 owned towers in the top 100 markets in the United States. SpectraSite's customers are leading wireless communications providers and broadcasters, including Nextel, Cingular, SBC, Sprint PCS, AT Wireless, and Verizon. tscquote.thestreet.com