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Stock Market & Financial Investment News

News Breaks
December 19, 2012
16:05 EDTCLWR, S, SBACSBA Communications gives info related to potential Sprint, Clearwire combination
SBA Communications (SBAC) released certain information in light of Sprint's (S) contemplated acquisition of 100% ownership of Clearwire (CLWR). As of December 19, Sprint and Clearwire represent approximately 27% and 3%, respectively, of SBA's annualized site leasing revenue, SBA stated. SBA had separate leases for antenna space with Sprint and Clearwire on the same tower on approximately 750 of the company's more than 16,500 currently owned tower sites. The revenue generated from Clearwire on these sites represents approximately 1.5% of SBA's annualized site leasing revenue. The average remaining current term associated with these leases is eight years for Sprint and two years for Clearwire, SBA said.
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