SBA Communications Corporation acquired Light Tower Wireless, LLC for approximately $224.0 million cash, a transaction completed in October 2008, structured as all cash.
Light Tower Wireless, LLC operates in Wireless towers and DAS - US, is based in United States. On October 20, 2008 a SBA subsidiary acquired Light Tower Wireless, LLC, the wireless infrastructure subsidiary of Light Tower LLC. At closing Light Tower owned 340 wireless communications towers, five managed sites and five distributed antenna system (DAS) networks - SBA's first experience offering DAS service.
Added 340 towers and gave SBA its first distributed-antenna-system (DAS) networks, a complement to traditional tower leasing in areas with difficult zoning or coverage obstructions.
Advisory firms were not disclosed for this transaction.