SBA Communications Corp said it would acquire 2,007 telecom towers from Brazil's Grupo Oi SA for about 1.53 billion reais ($645 million), giving the U.S. company ownership or control over more than 5,000 towers in Brazil.SBA and its U.S. peers American Tower Corp and Crown Castle International Corp are in a scramble to beef up assets in Brazil ahead of the 2014 soccer World Cup and the 2016 Olympic Games to be hosted there.American Tower said in August it would acquire about 4,500 telecom towers in Brazil and Mexico from Latin American telecom service provider NII Holdings Inc for $811 million.SBA said on Wednesday it expected the new towers to contribute about 110 million reais of cash leasing revenue and $70 million reais of tower cash flow to its results during 2014.
American Tower Corporation is a holding company. The Company conducts its operations through its directly and indirectly owned subsidiaries and joint ventures. Shares of AMT remained unchanged at $77.71. In the past year, the shares have traded as low as $67.89 and as high as $85.26. On average, 2602070 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 $75.16. In the past year, the shares have traded as low as $65.97 and as high as $81.16. On average, 2986790 shares of CCI exchange hands on a given day and today's volume is recorded at 0.
NII Holdings, Inc. (NII Holdings) is a holding company for the operations of Nextel Communications, Inc. Shares of NIHD remained unchanged at $2.15. In the past year, the shares have traded as low as $2.14 and as high as $9.82. On average, 4437410 shares of NIHD exchange hands on a given day and today's volume is recorded at 0.
Oi SA, formerly Brasil Telecom SA, is a Brazil-based holding company engaged in the telecommunication sector. Shares of OIBR remained unchanged at $1.58. In the past year, the shares have traded as low as $1.42 and as high as $4.51. On average, 4225890 shares of OIBR exchange hands on a given day and today's volume is recorded at 1101870.
Shares of OIBR-C remained unchanged at $1.59. On average, 0 shares of OIBR-C exchange hands on a given day and today's volume is recorded at 0.
SBA Communications Corporation (SBA) is an independent owner and operator of wireless communications towers. Shares of SBAC remained unchanged at $85.42. In the past year, the shares have traded as low as $66.68 and as high as $92.21. On average, 1363800 shares of SBAC exchange hands on a given day and today's volume is recorded at 0.
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