Last week, SBA announced that it has entered into an agreement with Oi SA, which is one of Brazil’s largest telecommunications service providers. SBA will now be able to expand into the Brazil market with an additional 2,113 towers. Oi currently occupies these 2,113 towers and will now enter into a long-term lease agreement with SBA.
This agreement will include monthly lease payments for the antenna space on each of these towers. SBA will then operate and maintain the towers as well as be able to lease the space on the towers to other telecommunications service providers.
“The towers currently have 1.15 tenants per tower and include leases with all of the major wireless carriers in Brazil. The transaction, subject to customary closing conditions, is expected to close by year-end 2013,” as reported by an SBA press release.
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