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On the Record · SBA Communications

SBA Communications acquisitions, on the record

The businesses SBA Communications bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Airtel Tanzania sites
Word for word“(1) During the year ended December 31, 2022, we closed on 1,445 sites from Airtel Tanzania for $176.1 million.” 10-K for 2023
acquisitionDuring the year ended December 31, 2022$176.1 million
GTS sites in Brazil (Grupo TorreSur)
Word for word“(2) During the year ended December 31, 2022, we acquired 2,632 sites from GTS in Brazil for $728.2 million, net of working capital adjustments, of which $168.5 million is included in acquisitions of towers and related intangible assets and $559.8 million is included in acquisition of right of use assets.” 10-K for 2023
acquisitionDuring the year ended December 31, 2022$728.2 million, net of working capital adjustments
281 communication sites
Word for word“Subsequent to December 31, 2023, we purchased or are under contract to purchase 281 communication sites for an aggregate consideration of $87.8 million in cash.” 10-K for 2023
agreed acquisition—$87.8 million in cash
Millicom International Cellular S.A.
Word for word“For example, in the third quarter of 2024 we entered into a purchase agreement with Millicom International Cellular S.A.” 10-K for 2024
agreed acquisitionin the third quarter of 2024—
Millicom transaction
Word for word“This transaction has an estimated closing date of September 1, 2025; however, the ultimate closing is dependent upon regulatory approvals and other requirements and may differ from this date.” 10-K for 2024
agreed acquisitionSeptember 1, 2025—
32 communication sites
Word for word“In addition to the Millicom transaction, subsequent to December 31, 2024, we purchased or are under contract to purchase 32 communication sites for an aggregate consideration of $14.6 million in cash.” 10-K for 2024
agreed acquisition—$14.6 million in cash
rights to land underneath approximately 3,900 communication sites in Guatemala
Word for word“Subsequent to year end, we closed on an acquisition for the rights to land underneath approximately 3,900 communication sites in Guatemala for $109.0 million.” 10-K for 2025
acquisitionSubsequent to year end$109.0 million
48 communication sites
Word for word“As of the date of this filing, we purchased or are under contract to purchase 48 communication sites for an aggregate consideration of $45.0 million in cash.” 10-K for 2025
agreed acquisitionAs of the date of this filing$45.0 million in cash
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)Cash received from selling businesses
2016-12-31$276.8 million—
2017-12-31$441.5 million—
2018-12-31$451.8 million—
2019-12-31$774 million—
2020-12-31$271.4 million—
2021-12-31$1.26 billion—
2022-12-31$1.18 billion—
2023-12-31$130 million$3.7 million
2024-12-31$299.8 million$333,000
2025-12-31$1.06 billion$330.6 million

Deal filings since 2016

Read from SBA Communications’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.