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"SBA Communications would like to tower over the wireless communications industry. The company owns and operates about 600 antenna towers in 34 US states, leasing space to wireless service providers. SBA acquires and constructs towers, often through build-to-suit arrangements with providers such as AT&T, Nextel, PrimeCo, and Sprint PCS in which SBA retains ownership of a tower and the right to lease space to additional tenants. The company also provides site development services for companies that want to operate their own towers. Sprint PCS is SBA's largest customer, accounting for about one-third of revenue."
Web Site: sbasite.com
Filing date: April 19, 1999
Expected IPO date: TBA
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