Reuters: Technology News: SBA Communications to buy tower sites for $1.45 billion

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SBA Communications to buy tower sites for $1.45 billion Jun 26th 2012, 11:35 Tue Jun 26, 2012 7:14am EDT (Reuters) - SBA Communications Corp said it will buy 3,252 mobile phone tower sites in the United States and Puerto Rico from privately held TowerCo for about $1.45 billion. TowerCo will get $1.2 billion in cash and 4.6 million SBA common shares, the companies said in a statement.

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