About This Deal

SBA Communications Corporation acquired TowerCo II Holdings LLC for $1.2 billion cash plus 4,588,840 Class A shares, a transaction completed in October 2012, structured as cash and stock.

TowerCo II Holdings LLC operates in Wireless towers - US, is based in United States (incl. Puerto Rico). On October 1, 2012 SBA completed the acquisition of TowerCo II Holdings LLC, which owned 3,256 tower sites across 47 U.S. states and Puerto Rico. The transaction followed an Agreement and Plan of Merger dated June 25, 2012.

A large domestic portfolio purchase (3,256 towers) that materially increased SBA's US tower count and site-leasing revenue.

Deal Terms

Acquirer
SBA Communications Corporation
Target
TowerCo II Holdings LLC
Value
$1.2 billion cash plus 4,588,840 Class A shares
Date
October 2012
Type
Acquisition
Status
Ready

Transaction Details

Target HQ
United States (incl. Puerto Rico)
Segment
Wireless towers - US
Structure
Cash and stock
Announced
June 25, 2012
Closed
October 1, 2012

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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