-----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, DW/lTuBnxP6/6LYYIiWKBr8J94juuLHLZ2RPK9XXO4UlCHqnfTmvXXh43lCAzaEb 7B5LLCUybdoV8LENcXmuEg== 0001077604-99-000378.txt : 19991220 0001077604-99-000378.hdr.sgml : 19991220 ACCESSION NUMBER: 0001077604-99-000378 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19991217 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19991217 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: 99776438 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 December 17, 1999 SBA COMMUNICATIONS CORPORATION - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Florida 333-50219 65-0716501 - -------------------------------------------------------------------------------- (State or other jurisdiction of Commission File (I.R.S. Employer incorporation or organization) Number 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 2 Other Events SBA Communications Corporation announced it had entered into an agreement to provide site acquisition, development, collocation, build-to-suit and equipment installation services for Georgia PCS Management, LLC ("Georgia PCS"). Georgia PCS is a Sprint PCS Network Member and manages Sprint markets throughout various areas of Georgia. Under the Agreement, SBA shall have the right to build for SBA's ownership any new tower required by Georgia PCS in its network development. SBA will be responsible for site acquisition, collocation, and installation services for Georgia PCS equipment under the Agreement and will be paid a fee for such services. Georgia PCS and SBA estimate that the Agreement will cover the location of as many as 200 antenna sites by Georgia PCS through March 31, 2001, with the number of such sites being on newly-built towers ranging from 50 to 100. Georgia PCS will be the anchor tenant on the towers built and owned by SBA, at initial monthly rents of either $1,100 or $1,570, depending on the services provided by SBA, with subsequent rent escalators. The initial term of the leases will be ten years with renewal options. Item 7 Financial Statements and Exhibits (c) Exhibits 99.1 Press release dated December 6, 1999 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. December 17, 1999 /s/ Jeffrey A. Stoops ---------------------- Jeffrey A. Stoops Chief Financial Officer EX-99.1 2 EXHIBIT 99.1 [LOGO OF SBA] NEWS For additional information: Jeffrey A. Stoops Chief Financial Officer (561) 995-7670 FOR IMMEDIATE RELEASE SBA COMMUNICATIONS CORPORATION TO PROVIDE EXCLUSIVE BUILD TO SUIT SERVICES TO GEORGIA PCS MANAGEMENT, LLC; TOPS 1,000 TOWERS OWNED BOCA RATON, FLORIDA; December 6, 1999: SBA Communications Corporation (NASDAQ: SBAC) today announced that it had entered into an exclusive agreement (the "Agreement") to provide site acquisition, development, collocation, build-to-suit and equipment installation services for Georgia PCS Management, LLC ("Georgia PCS"). Georgia PCS is a Sprint PCS Network Member and manages Sprint markets throughout various areas of Georgia. Under the Agreement, SBA shall have the right to build for SBA's ownership any new tower required by Georgia PCS in its network development. SBA will be responsible for site acquisition, collocation, and installation services for Georgia PCS equipment under the Agreement and will be paid a fee for such services. Georgia PCS and SBA estimate that the Agreement will cover the location of as many as 200 antenna sites by Georgia PCS through March 31, 2001, with the number of such sites being on newly-built towers ranging from 50 to 100. Georgia PCS will be the anchor tenant on the towers built and owned by SBA at initial monthly rents of either $1,100 or $1,570, depending on the services provided by SBA, with subsequent rent escalators. The initial term of the leases will be 10 years with renewal options. "We are very excited to team up with Georgia PCS and to be part of the growth of their network," said Steve Bernstein, CEO and President of SBA. "The markets in which they operate are very complimentary to our existing activities. Georgia PCS has positioned themselves to be a leader in wireless communications in their markets and we are pleased to be a part of their continued success." Rob Brooks, Chief Operating Officer of Georgia PCS, stated, "We are very pleased to partner with SBA, an industry leader in wireless network development. With SBA becoming a party to our build out we are very confident in our ability to continue to reach our markets efficiently and effectively." SBA also announced that in the month of November it passed the 1,000 towers owned mark through its new tower build and tower acquisition activities. 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 13,000 antenna sites in the United States. 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 the company's business. This information is qualified in its entirety by cautionary statements and risk factors disclosure contained in certain of the company's Securities and Exchange Commission filings. The company wishes to caution readers that certain important factors may have affected and could in the future affect the company's actual results and could cause the company's actual results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of the 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. The company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date hereof. -----END PRIVACY-ENHANCED MESSAGE-----