US cell tower operator SBA Communications Corporation has announced that it has entered into a definitive agreement with certain affiliates of TowerCo owning 3,252 tower sites in 47 states across the United States and Puerto Rico. The total cash consideration to be paid by SBA will be USD1.2 billion, as well as 4.6 million shares of SBA Class A common stock, implying a total transaction value of USD1.45 billion.
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OVETEL SBA confirms USD1.45bn deal with TowerCo covering US and Puerto Rico
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