BOCA RATON, Fla., Dec. 19, 2012 (GLOBE NEWSWIRE) -- SBA Communications Corporation (Nasdaq:SBAC) ("SBA" or the "Company") today released certain information in light of Sprint's contemplated acquisition of 100% ownership of Clearwire. As of December 19, 2012 (i) Sprint and Clearwire represent approximately 27% and 3%, respectively, of SBA's annualized site leasing revenue and (ii) 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.
CONTACT: Mark DeRussy, CFA Capital Markets 561-226-9531 Lynne Hopkins Media Relations 561-226-9431