-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, F4GQ91BFXiEFkcS6B5VO+Zm+GbnYJLyPCyVSJXg9l97ViRlyFsI1VioXlTHlURv/ 6tQiw5IWPdjek8KcNDzCBA== 0000916641-00-000558.txt : 20000503 0000916641-00-000558.hdr.sgml : 20000503 ACCESSION NUMBER: 0000916641-00-000558 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000426 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000502 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SBA COMMUNICATIONS CORP CENTRAL INDEX KEY: 0001034054 STANDARD INDUSTRIAL CLASSIFICATION: CONSTRUCTION SPECIAL TRADE CONTRACTORS [1700] IRS NUMBER: 650716501 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-30110 FILM NUMBER: 616721 BUSINESS ADDRESS: STREET 1: ONE TOWN CENTER RD STREET 2: THIRD FLOOR CITY: BOCA RATON STATE: FL ZIP: 33486 BUSINESS PHONE: 5619957670 MAIL ADDRESS: STREET 1: ONE TOWN CENTER RD STREET 2: THIRD FLOOR CITY: BOCA RATON STATE: FL ZIP: 33486 8-K 1 FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. Date of Report April 26, 2000 SBA COMMUNICATIONS CORPORATION ------------------------------ (Exact name of registrant as specified in its charter) Florida 333-50219 65-0716501 - -------------------------------------------------------------------------------- (State or other jurisdiction Commission File Number (I.R.S. Employer of incorporation or organization) Identification No.) One Town Center Road, Boca Raton, Florida 33486 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip code) (561) 995-7670 - -------------------------------------------------------------------------------- (Registrant's telephone number, including area code) Item 5 Other Events Boca Raton, FL and Arlington, VA; April 26, 2000: SBA Communications, and TeleCorp PCS, Inc., AT&T Wireless' largest affiliate, announced today an extensive "build-to-suit" agreement for up to 200 tower facilities covering a number of strategic markets in the United States. The tower facilities will be constructed for SBA's ownership across TeleCorp's domestic SunCom service area, including Louisiana, Mississippi, Arkansas, Texas, Tennessee, Kentucky, Missouri, Indiana, Illinois, Iowa, Michigan and Wisconsin, over the next two years. TeleCorp will execute long term leases to place its wireless network equipment at each site and pay SBA an initial monthly rental fee of $1,100 per site. Item 7 Financial Statements and Exhibits (c) Exhibits 99.1 Press release dated April 26, 2000 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. April 26, 2000 /s/ Pamela J. Kline -------------------- Pamela J. Kline Chief Accounting Officer EX-99.1 2 PRESS RELEASE [LOGO OF SBA TELECORP PCS] NEWS FOR IMMEDIATE RELEASE SBA COMMUNICATIONS CORPORATION AND TELECORP PCS ENTER INTO "BUILD-TO-SUIT" AGREEMENT Boca Raton, FL and Arlington, VA; April 26, 2000: SBA Communications, a leading communications tower developer and owner (NASDAQ NM: SBAC), and TeleCorp PCS, Inc. (NASDAQ NM: TLCP), AT&T Wireless' largest affiliate, announced today an extensive "build-to-suit" agreement for up to 200 tower facilities covering a number of strategic markets in the United States. The tower facilities will be constructed for SBA's ownership across TeleCorp's domestic SunCom service area, including Louisiana, Mississippi, Arkansas, Texas, Tennessee, Kentucky, Missouri, Indiana, Illinois, Iowa, Michigan and Wisconsin, over the next two years. TeleCorp will execute long term leases to place its wireless network equipment at each site and pay SBA an initial monthly rental fee of $1,100 per site. "National affiliates are ideal partners for this type of agreement," said Jeffrey Stoops, President of SBA. "And TeleCorp is clearly a strong player with an aggressive plan to expand their business. We're delighted to be able to partner with them on their new tower builds." SBA Chairman Steve Bernstein agrees, "This is an exciting opportunity to grow our and TeleCorp's business, and we're looking forward to a long and productive relationship with TeleCorp." "We went through a detailed review of providers, and SBA presented the most compelling, creative and convincing arrangement," said Gerald T. Vento, Chairman and CEO of TeleCorp. "By striking this partnership, it allows us to focus our time and capital resources on the core of our business, yet still have the security and confidence that our sites will be ready on time and on budget." SBA is a leading independent owner and operator of wireless communications infrastructure in the United States. SBA's primary focus is the construction of new towers and acquisition of existing towers for its own account. Since it was founded in 1989, SBA has participated in the development of over 13,500 antenna sites in the United States. More information about SBA can be found at www.sbasite.com. TeleCorp PCS, Inc. has licenses to serve approximately 16.7 million people, and currently provides its SunCom digital wireless service in the following 28 markets: New Orleans, Baton Rouge, Lafayette, Houma, New Iberia, Thibodaux, Hammond and Lake Charles, Louisiana; Memphis and Jackson, Tennessee; Little Rock, Hot Springs, Russellville, Fayetteville and Jonesboro, Arkansas; Concord, Manchester, Portsmouth and Nashua, New Hampshire; Worcester, Cape Cod, Martha's Vineyard and Nantucket, Massachusetts; and San Juan, Ponce, Mayaguez, Humacao and Arecibo, Puerto Rico. TeleCorp is headquartered in Arlington, Virginia. More information about the company can be found on the Web at www.telecorppcs.com. # # # For additional information about SBA, please contact Jeffrey A. Stoops, President, (561) 995-7670. For additional information about TeleCorp PCS, Inc., please contact Russell Wilkerson, director of corporate affairs, at (703) 625-2069 (mobile) or (703) 236-1292 (office). Information Concerning Forward-Looking Statements Some information in this release is forward looking. These forward-looking statements may be affected by the risks and uncertainties in each company's business. This information is qualified in its entirety by cautionary statements and risk factors disclosure contained in certain of each company's Securities and Exchange Commission filings. Each company wishes to caution readers that certain important factors may have affected and could in the future affect either the company's actual results and could cause actual results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of either company. With respect to pending new tower build projects, a number of factors will affect the timing and number of new build completions, including without limitation, zoning difficulty, carrier design changes, changing local market conditions and weather. Neither company undertakes any obligation to update forward-looking statements to reflect events or circumstances after the date hereof. -----END PRIVACY-ENHANCED MESSAGE-----