SBA Communications said it signed a $303 million...
SBA Communications said it signed a $303 million deal with Brazilian wireless carrier Oi that gives SBA exclusive use rights for 2,113 towers in Brazil that Oi had been occupying under a long-term government concession. The deal will extend SBA’s…
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presence in Brazil, giving it full ownership or exclusive use rights to more than 3,000 towers. SBA said it expects the deal to close by the end of the year. Once it does, Oi will enter into a long-term lease with SBA for antenna space on the towers; SBA will have the right to lease the remaining space to other carriers, which SBA expects will bring in more than $32 million in revenue in fiscal year 2014. The Oi towers have 1.15 tenants per tower, including all of Brazil’s top wireless carriers (http://bit.ly/10WMLBv).