Phone Scoop

printed October 31, 2014
See this page online at:
http://www.phonescoop.com/carriers/forum.php?fm=m&ff=20&fi=878145

Home  ›  Carriers  ›

SunCom

Info & Phones News Reviews › Forum  

Back to message list

We're SunCom and we are going out of busines

by LordObento    Nov 14, 2006, 7:45 PM

SBA picks up 69 towers from SunCom
By Joni Morse
Nov 14, 2006
BOCA RATON, Fla.—SBA Communications Corp. struck an agreement with regional wireless carrier SunCom Holdings Inc. to buy 69 towers located throughout North Carolina, South Carolina and eastern Tennessee. The deal is worth $18 million.
SBA’s deal with SunCom spells the end of the operator’s U.S. presence in the tower industry. SunCom still owns sites in Puerto Rico and the U.S. Virgin Islands.

Raymond James & Associates analyst Ric Prentiss commented that the SunCom towers “are typical of what SBAC is looking for in towers, young towers with growth potential.”

SBA’s stock was up 16 cents to $27.76 per share following the news.

Yesterday, SBA Communications got rave reviews from Raymond James following the release of the tower company’s 2007 financial guidance, with Raymond James upgrading the company’s stock from “outperform” to “strong buy” based on “continued and strong underlying fundamentals.”

Report to moderator

Replies


Reply You must log in to reply.

Back to message list

‹ all carrier forums

Subscribe to Phone Scoop News with RSS Follow @phonescoop on Twitter Phone Scoop on Facebook Phone Scoop on Google+ Subscribe to Phone Scoop on YouTube Follow on Instagram

 

All content Copyright 2001-2014 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.
1