LAKE CHARLES, La.-US Unwired Inc. announced SBA Communications Corp. exercised its option to purchase up to 173 of its communication towers in the second quarter of 2001 throughout US Unwired’s territory in Alabama, Arkansas, Louisiana, Mississippi, Texas and Florida.
SBA also retained the option to purchase an additional set of 100 towers by Dec. 31.
SBA will pay US Unwired $313,000 per tower, and US Unwired will lease space on the towers for an initial monthly fee of $1,500 per site under a long-term lease agreement with 4-percent annual increases in subsequent years.
