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TMCNet:  Brazil : SBA COMMUNICATIONS purchases 800 freestanding wireless towers in BRAZIL [TendersInfo (India)]

[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.

(c) 2012 Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company

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