About This Deal

SBA Communications Corporation acquired Light Tower Wireless, LLC for approximately $224.0 million cash, a transaction completed in October 2008, structured as all cash.

Light Tower Wireless, LLC operates in Wireless towers and DAS - US, is based in United States. On October 20, 2008 a SBA subsidiary acquired Light Tower Wireless, LLC, the wireless infrastructure subsidiary of Light Tower LLC. At closing Light Tower owned 340 wireless communications towers, five managed sites and five distributed antenna system (DAS) networks - SBA's first experience offering DAS service.

Added 340 towers and gave SBA its first distributed-antenna-system (DAS) networks, a complement to traditional tower leasing in areas with difficult zoning or coverage obstructions.

Deal Terms

Acquirer
SBA Communications Corporation
Target
Light Tower Wireless, LLC
Value
Approximately $224.0 million cash
Date
October 2008
Type
Acquisition
Status
Ready

Transaction Details

Target HQ
United States
Segment
Wireless towers and DAS - US
Structure
All cash
Closed
October 20, 2008

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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