Wireless tower operator SBA Communications Corp agreed to purchase more than 2,300 tower sites and some antenna assets from affiliates of Mobilitie LLC for about $1.1 billion, as it looks to benefit from an explosion in data traffic.The company and its larger rivals American Tower Corp and Crown Castle International Corp are scrambling to beef up their tower and antenna assets to meet the blazing demand for data from devices such as tablets and smartphones.In December, SBA's larger rival Crown Castle International Corp said it would buy NextG Networks Inc to expand its presence in the small-antenna-systems market.SBA said it would pay $850 million in cash and about 5.3 million in Class A shares for the tower sites in the United States and Central America, and some small antenna system assets in Chicago, Las Vegas, New York and Alabama.
American Tower Corporation is a holding company. The Company conducts its operations through its directly and indirectly owned subsidiaries. Shares of AMT remained unchanged at $62.50. In the past year, the shares have traded as low as $45.85 and as high as $64.55. On average, 3056360 shares of AMT exchange hands on a given day and today's volume is recorded at 0.
Crown Castle International Corp. (CCIC) owns, operates and leases shared wireless infrastructure, including towers and other structures, such as rooftops (towers); distributed antenna systems (DAS)(each such system is a network of antennas for the benefit of wireless carriers and is connected by fiber to communication hubs designed to facilitate wireless communications), and interests in land under third party towers in various forms (third party land interests) (unless the context otherwise suggests or requires, references herein to wireless infrastructure include towers, DAS and third party land interests). Shares of CCI remained unchanged at $51.37. In the past year, the shares have traded as low as $36.38 and as high as $51.44. On average, 1717970 shares of CCI exchange hands on a given day and today's volume is recorded at 0.
SBA Communications Corporation (SBA) is a holding company that has no operations of its own. Shares of SBAC remained unchanged at $46.27. In the past year, the shares have traded as low as $32.36 and as high as $46.65. On average, 991937 shares of SBAC exchange hands on a given day and today's volume is recorded at 0.
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