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[December 28, 2012]
Brazil : SBA COMMUNICATIONS purchases 800 freestanding wireless towers in BRAZIL [TendersInfo (India)]
(TendersInfo (India) Via Acquire Media NewsEdge) SBA Communications has acquired 800 freestanding wireless towers, initiating operations in Brazil.
On 20 December, the Boca Raton-based company acquired the towers for nearly $178 million from broadband wireless carrier Telefonica s Vivo SA division.
We are very pleased to have acquired these assets. We are excited to begin operations in Brazil. This acquisition provides us with a national footprint of high quality towers, including leasing arrangements with all of the major broadband wireless providers, and establishes us as a substantial independent tower owner in an attractive and high-growth market, said, SBA Communications President and CEO Jeffrey A. Stoops.
Covering the U.S. and Puerto Rico, SBA Communications acquired 3,252 cell towers in June.
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