SBA Communications plans to buy 2,007 towers in Brazil...
SBA Communications plans to buy 2,007 towers in Brazil from Brazilian wireless carrier Oi for $645 million, SBA said Wednesday. SBA will own or otherwise control more than 5,000 towers in the country following the deal’s expected close in Q1…
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-- about 22 percent of its total tower holdings (http://bit.ly/IEsxpW). The company in July bought exclusive rights to 2,113 towers in Brazil from Oi for $303 million (CD July 16 p10). The Grupo Oi deal “is in line with management commentary regarding further expansion into Brazil,” Evercore Partners analyst Jonathan Schildkraut said in an investor report. After the deal, SBA will get 8-10 percent of its revenue from Brazil-based towers, Schildkraut said.