Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



SBA Communications Launches Brazil Operations, Acquires 800 Towers

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

SBA Communications (Nasdaq: SBAC  ) has commenced operations in Brazil by buying 800 towers, the company announced in an official press release. The mobile telecom infrastructure firm paid 362.8 million reals ($174 million) for its new assets from what it termed "one of the leading broadband wireless carriers" in the country. The Wall Street Journal named the seller as Vivo, a subsidiary of Telefonica Brasil (NYSE: VIV  ) .

SBA said that the towers will bring in roughly 19 million to 23 million reals ($9 million-$11 million) in tower cash flow for calendar 2013, and "be immediately accretive to [adjusted funds from operations] per share."

The company funded its acquisition from cash and a revolving credit facility.

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2169706, ~/Articles/ArticleHandler.aspx, 10/26/2016 5:42:17 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 8 hours ago Sponsored by:
DOW 18,169.27 -53.76 -0.30%
S&P 500 2,143.16 -8.17 -0.38%
NASD 5,283.40 -26.43 -0.50%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/25/2016 4:00 PM
SBAC $115.13 Down -0.06 -0.05%
SBA Communications CAPS Rating: **
VIV $13.86 Down -0.01 -0.07%
Telecomunicacoes d… CAPS Rating: *****