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Oi sells 1,600 more sites to SBA for BRL 1.17 bln
2014-06-25 15:27:00| Telecompaper Headlines
(Telecompaper) SBA Communications announced a definitive agreement to take over 1,641 wireless sites from Brazilian operator Oi for BRL 1.17 billion (USD 527 million). Oi will enter into a long-term lease with SBA, with monthly lease payments, for antenna space on each of these sites. The sites currently have 1.4 tenants per site (including Oi) and include leases with all of the major mobile carriers in Brazil. The transaction is expected to close by year-end. It was exclusively negotiated with SBA and is on terms and conditions similar to SBA's acquisition of 2,007 sites from Oi earlier this year. SBA anticipates that the sites will contribute BRL 125.7 million of cash leasing revenue and BRL 74.2 million of tower cash flow in 2015. After this deal, SBA will own or have use rights on approximately 7,000 sites in Brazil.
Tags: sites
sells
sba
brl
Category:Telecommunications