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BOCA RATON, Fla.-SBA Communications Corp. reported in the first quarter it increased its tower portfolio by 188 towers to 1,351 total towers. Of the 188 towers added, 112 were newly built and 76 were acquisitions of existing towers costing approximately $30.3 million.
As of March 31, the company said it was involved in projects for more than 1,500 new tower builds, consisting of more than 600 build-to-suit mandates from wireless carriers and more than 900 sites SBA is developing through siting efforts.
SBA also said it has agreements to acquire 124 towers in 34 separate transactions for approximately $45 million. These transactions are expected to close in the next six months.
