SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure. The company was founded in 1989 by Paul C. White and was initially named "Southern Bell Associates." It was later renamed to "SBA Communications Corporation" in 1997. Headquartered in Boca Raton, Florida, USA, SBA Communications is one of the largest tower companies globally. SBA Communications is publicly listed on the NASDAQ Stock Market under the ticker symbol "SBAC." The company has experienced significant growth and expansion over the years, and its stock is a component of various market indices, such as the S&P 500.
SBA Communications owns and operates a vast portfolio of wireless communication towers and other related structures that provide essential infrastructure for wireless network operators. These towers are used to support the antennas of wireless carriers, enabling them to provide mobile and broadband services to their customers. The company's tower sites are strategically located across the United States and internationally, providing coverage in urban, suburban, and rural areas.
As a real estate investment trust (REIT), SBA Communications primarily generates revenue through long-term lease agreements with wireless carriers and other tenants. These carriers lease space on the company's towers to install and maintain their equipment, enabling them to expand their network coverage and capacity. The lease agreements typically have extended terms, providing SBA with a stable and predictable revenue stream.
In addition to its core tower business, SBA Communications is also involved in the development of new tower sites and the acquisition of existing towers from other companies. The company's expertise in site development, zoning, and permitting processes allows it to expand its tower portfolio strategically and capitalize on the growing demand for wireless infrastructure.