SBA Communications (SBAC) Tops Q2 FFO by 1c, Offers Guidance

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SBA Communications Corporation Reports 2nd Quarter 2016 Results; Provides 3rd Quarter and Updated Full Year 2016 Outlook

July 28, 2016 4:02 PM EDT

BOCA RATON, Fla., July 28, 2016 (GLOBE NEWSWIRE) -- SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today reported results for the quarter ended June 30, 2016.

We had another solid quarter, commented Jeffrey A. Stoops, President and Chief Executive Officer. Organic leasing demand was steady, consistent with both the type and amount of demand experienced over the prior three quarters.  Our customers in the U.S. were most active adding to or modifying existing macro sites to refarm 2G and 3G uses to 4G LTE or to add new spectrum to their... More