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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. 

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SBA Hikes Size Standards for Dredging and Land-Subdivision Construction Firms

2014-01-08 21:37:38| ENR.com: Headline News

But agency leaves benchmarks unchanged for its 30 other construction categories.

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SBA Communications buys Brazil wireless sites

2013-12-04 17:28:40| Telecom - Topix.net

SBA Communications Corp. said Wednesday that it reached a deal to expand its presence in Brazil with the purchase of about 2,000 wireless sites from Oi SA, one of Brazil's largest telecommunications service providers, for about $645 million.

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SBA Communications agrees to acquire 2,007 towers from Brazil's Oi

2013-12-04 01:00:00| Total Telecom industry news

$645 million deal increases cell tower operator's Brazil presence to 5,000 sites.

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SBA Administrator Karen Mills stepping down

2013-02-12 03:43:37| Food - Topix.net

Mills announced her decision in a letter to SBA employees , which thanked them for their role "to help America's entrepreneurs and small business owners during this critical juncture in our nation's history." "I asked Karen to lead the Small Business Administration because I knew she had the skills and experience to help America's small businesses ... (more)

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