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Provider: Thomson Reuters Stock Report
Provider: Stock Traders Daily
Provider: New Constructs, LLC
Provider: S&P Capital IQ – STARS Reports

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SBA Communications to expand operations in Brazil with acquisition of 1,641 additional wireless sites

Wednesday, 25 Jun 2014 08:51am EDT 

SBA Communications Corp:Enters into a definitive agreement with certain subsidiaries of Oi SA and its affiliates, under which SBA will acquire 1,641 wireless sites in Brazil.Oi will enter into a long-term lease with SBA, with monthly lease payments, for antenna space on each of these sites.Transaction is expected to close by year end 2014.Consideration to be paid by SBA for the 1,641 sites will be about R$1.17 bln (or about US$527 mln at current exchange rates). 

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