BOCA RATON, Fla., July 10, 2012 (GLOBE NEWSWIRE) -- SBA Communications
Corporation (Nasdaq:SBAC) ("SBA") announced today that its wholly owned
subsidiary SBA Telecommunications, Inc. ("Telecommunications"), has
priced an offering of $800 million of senior notes due 2020, which was
upsized from the previously announced $650 million (the "Notes"). The
Notes will be guaranteed on a senior, unsecured basis by SBA. SBA
expects the closing of the Notes to occur on July 13, 2012. The Notes
will have an interest rate of 5.750% and will be issued at a price of
100% of their face value.

Telecommunications intends to use the net proceeds from this offering
to (1) repay all amounts outstanding under a bridge loan under which a
subsidiary of SBA borrowed an aggregate principal amount of $400.0
million in connection with the Mobilitie transaction and (2) repay all
amounts outstanding under its Revolving Credit Facility. The remaining
proceeds will be used for general corporate purposes.

The Notes will be offered only to qualified institutional buyers under
Rule 144A under the Securities Act of 1933, as amended (the "Securities
Act"), and to non-U.S. persons in transactions outside the United
States under Regulation S under the Securities Act. The Notes have not
been registered under the Securities Act, or any state securities laws,
and may not be offered or sold in the United States absent registration
or an applicable exemption from the registration requirements of the
Securities Act and applicable state securities laws. Telecommunications
and SBA have agreed to file a registration statement with the
Securities and Exchange Commission (the "SEC") pursuant to which
Telecommunications will either offer to exchange the Notes for
substantially similar registered notes or register the resale of the
Notes. This press release does not and will not constitute an offer to
sell any of the Notes or the solicitation of an offer to buy the Notes,
nor shall there be any sale of the Notes in any jurisdiction in which
such offer, solicitation or sale would be unlawful.

About SBA Communications Corporation

SBA Communications Corporation is a first choice provider and leading
owner and operator of wireless communications infrastructure in North
and Central America. By "Building Better Wireless", SBA generates
revenue from two primary businesses - site leasing and site development
services. SBA's primary focus is the leasing of antenna space on its
multi-tenant towers to a variety of wireless service providers under
long-term lease contracts.

Information Concerning Forward-Looking Statements

This press release includes forward-looking statements regarding the
offering of the Notes and the intended use of the net proceeds. These
forward-looking statements may be affected by risks and uncertainties
in SBA's business and market conditions. This information is qualified
in its entirety by cautionary statements and risk factor disclosure
contained in SBA's SEC filings, including SBA's report on Form 10-K
filed with the SEC. SBA wishes to caution readers that certain
important factors may have affected and could in the future affect
SBA's actual results and could cause SBA's actual results for
subsequent periods to differ materially from those expressed in any
forward-looking statement made by or on behalf of SBA, including the
risk that the offering of the Notes cannot be successfully completed.
SBA undertakes no obligation to update forward-looking statements to
reflect events or circumstances after the date hereof.


CONTACT: Mark DeRussy, CFA
         Capital Markets
         561-226-9531
         
         Lynne Hopkins
         Media Relations
         561-226-9431