Key Developments: SBA Communications Corp (SBAC.OQ)

SBAC.OQ on NASDAQ Stock Exchange Global Select Market

112.13USD
19 Sep 2014
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Latest Key Developments (Source: Significant Developments)

SBA Communications Corp Issues Q2 2013 Outlook; Revenue Outlook Above Analysts' Estimates; Lowers FY 2013 Revenue Outlook And Raises FY 2013 EBITDA Outlook
Monday, 29 Apr 2013 04:01pm EDT 

SBA Communications Corp announced that it providing its second quarter 2013 outlook and updating its fiscal 2013 outlook for anticipated results. For the second quarter of 2013, it expects total revenues in the range of $305.0 million to $320.0 million and adjusted EBITDA in the range of $187.0 million to $193.0 million. For fiscal 2013, the Company expects revenues in the range of $1.102 billion to $1.122 billion and adjusted EBITDA in the range of $753.0 million to $774.0 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $301.8 million and EBITDA of $187.0 million in the second quarter of 2013; and revenue of $1.219 billion and EBITDA of $755.4 million for fiscal 2013.  Full Article

SBA Communications Corp Issues Q1 2013 Guidance; Updates FY 2013 Guidance
Thursday, 21 Feb 2013 04:01pm EST 

SBA Communications Corp announced that is providing its first quarter 2013 outlook, and updating its fiscal 2013 outlook for anticipated results. For fiscal 2013, the Company expects total revenues of $1.190 billion to $1.220 billion, adjusted EBITDA of $740.0 million to $760.0 million. For the first quarter of 2013, the Company expects revenues of $296.0 million to $306.0 million and adjusted EBITDA of $180.0 million to $185.0 million  Full Article

SBA Communications Corp Announces Acquisition of 800 Towers in Brazil
Wednesday, 26 Dec 2012 08:00am EST 

SBA Communications Corp announced it has launched operations in Brazil and on December 20, 2012, acquired 800 freestanding wireless towers from one of the leading broadband wireless carriers in Brazil. The consideration for the acquisition is R$362.8 million payable from cash on hand and borrowings under the Company's Revolving Credit Facility.  Full Article

SBA Communications Corp Issues Q4 2012 Guidance Above Analysts' Estimates; Raises FY 2012 Guidance
Monday, 5 Nov 2012 04:01pm EST 

SBA Communications Corp announced that for the fourth quarter of 2012, it expects total revenues to be in the range of $285.5 to $289.5 million and adjusted EBITDA to be in the range of $172.5 to $174.5 million. For fiscal 2012 it expects total revenues to be in the range of $945.7 to $949.7 million and adjusted EBITDA to be in the range of $583.4 to $585.4 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $276.3 million and EBITDA of $170.1 million for the fourth quarter of 2012; revenue of $933.7 million for fiscal 2012.  Full Article

ExteNet Systems Expands Presence in Key Markets By Acquiring DAS Assets From SBA Communications Corp
Thursday, 25 Oct 2012 07:00am EDT 

ExteNet Systems, Inc., announced that the purchase of multiple Distributed Antenna System (DAS) assets from SBA Communications Corporation , an investor in the Company. These DAS networks, which SBA Communications acquired in April 2012 from Mobilitie, LLC, include extensive outdoor DAS networks in Manhattan and Chicago, marquee indoor DAS networks in Las Vegas, and a DAS network at Auburn University.  Full Article

SBA Communications Corp Announces Commencement of Secondary Common Stock Offering
Monday, 1 Oct 2012 04:44pm EDT 

SBA Communications Corp announced the underwritten public offering of 4,588,840 shares of its Class A common stock held by selling shareholders, which represent all the shares that were issued in connection with SBA's recent acquisition of TowerCo II Holdings LLC. The shares will be offered (the Offering) pursuant to SBA's shelf registration statement filed with the Securities and Exchange Commission (the SEC). SBA will not sell any shares in the Offering and will not receive any proceeds from the Offering. Morgan Stanley is acting as sole underwriter for the Offering.  Full Article

SBA Communications Corp Completes Acquisition of TowerCo
Monday, 1 Oct 2012 11:26am EDT 

SBA Communications Corp announced that SBA, through its wholly-owned subsidiary SBA 2012 Acquisition, LLC, has completed its acquisition of TowerCo II Holdings LLC, which owns 3,256 tower sites in 47 states across the U.S. and Puerto Rico. As consideration for the acquisition, SBA paid $1.2 billion in cash and issued 4.6 million shares of its Class A common stock.  Full Article

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