Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Nasdaq  >  SBA Communications Corporation    SBAC


News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

SBA Communications Corporation : ExteNet Systems Expands Its Presence in Key Markets by Acquiring DAS Assets from SBA Communications

share with twitter share with LinkedIn share with facebook
10/25/2012 | 07:05am EDT

DAS Networks in Manhattan, Chicago, Auburn and Las Vegas Augment ExteNet's Growth Strategy

ExteNet Systems, Inc., a leader and innovator in the implementation and operation of distributed networks, today announced the purchase of multiple Distributed Antenna System (DAS) assets from SBA Communications Corporation (NASDAQ: SBAC), an investor in the company.

These DAS networks, which SBA Communications acquired in April 2012 from Mobilitie, LLC, include extensive outdoor DAS networks in Manhattan and Chicago, marquee indoor DAS networks in Las Vegas, and a DAS network at Auburn University.

Ross W. Manire, President and CEO of ExteNet Systems stated, "We are thrilled to add these distributed networks to our portfolio, extending ExteNet's footprint throughout North America. This is a significant milestone in our effort to bring new distributed networks and innovative solutions to our customers."

"We are pleased to conclude this transaction with ExteNet, and believe this addition will further increase the scale and capabilities of the company," said Jeffrey A. Stoops, President and CEO of SBA. "As a significant investor in ExteNet, we are committed to help the company grow its core competency in the ownership of DAS and in-building infrastructure, and we are excited to continue to support ExteNet in what we believe is a fast-growing segment of the wireless network ecosystem."

The acquisition of outdoor and indoor networks from SBA Communications is integral to ExteNet's strategy of building a portfolio of reliable and scalable distributed networks in locations that are especially important for the leading North American wireless carriers as they seek to provide superior wireless service for their customers.

ExteNet Systems financed the acquisition in part with a credit facility from a group of lenders including Barclays Private Credit Partners Fund, LP, advised by Barclays Private Credit Partners LLC, and Suntrust Robinson Humphrey, Inc. Reed Smith LLP acted as legal counsel to ExteNet Systems.

About ExteNet Systems

Lisle, IL-based ExteNet Systems, Inc. designs, builds, owns and operates distributed networks in key strategic markets for use by wireless carriers and venue owners. Using distributed antenna systems (DAS), small cell and other technologies, ExteNet networks enhance coverage and capacity and enable superior wireless service in both outdoor and indoor environments. Primary markets addressed by ExteNet include outdoor distributed networks for use by wireless carriers, and a host of indoor verticals, including sports and entertainment venues, commercial real estate, healthcare, higher education, hospitality and government agencies. For more information, visit www.extenetsystems.com.

"ExteNet" is a registered trademark of ExteNet Systems, Inc.

About SBA Communications Corporation

SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North and Central America. By "Building Better Wireless," SBA generates revenue from two primary businesses - site leasing and site development services. The primary focus of the Company is the leasing of antenna space on its multi-tenant towers to a variety of wireless service providers under long-term lease contracts. For more information please visit: www.sbasite.com.

ExteNet Systems
Media Inquiries:
Cheryl Isen, +1 425-222-0779
Analyst Inquiries:
Manish Matta, Director, Marketing, +1 630-505-3846
SBA Communications
Media Relations
Lynne Hopkins, 561-226-9431
Capital Markets
Mark DeRussy, 561-226-9531

© Business Wire 2012
share with twitter share with LinkedIn share with facebook
2017SBA Communications Completes Merger in Connection with REIT Conversion
2017SBA Communications Shareholders Approve Merger in Connection with REIT Conver..
2016SBA Communications Corporation to Speak at the 2017 Citi Internet, Media & T..
2016SBA Communications Corporation to Hold Special Meeting of Shareholders
2016SBA Communications Corporation Reports 3rd Quarter 2016 Results; Provides 4th..
2016SBA COMMUNICATIONS : How These Communication Services Stocks are Faring? -- Leve..
2016SBA Communications Corporation Sets Date for 3rd Quarter 2016 Earnings Releas..
2016SBA Communications Corporation Board Approves REIT Conversion
2016SBA Communications Corporation to Speak at the Goldman Sachs 25th Annual Comm..
2016SBA COMMUNICATIONS : Technical Roundup on Communication Services Stocks -- Level..
More news
Duration : Period :
SBA Communications Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Jeffrey A. Stoops President, Chief Executive Officer & Director
Steven E. Bernstein Chairman
Mark R. Ciarfella Executive Vice President-Operations
Brendan Thomas Cavanagh Chief Financial Officer & Executive Vice President
Jorge Grau Chief Information Officer & Senior Vice President