UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported) November 14, 2016
SBA Communications Corporation
(Exact Name of Registrant as Specified in its Charter)
Florida | 000-30110 | 65-0716501 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) | ||
8051 Congress Avenue Boca Raton, FL |
33487 | |||
(Address of Principal Executive Offices) | (Zip Code) |
Registrants telephone number, including area code: (561) 995-7670
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01 Regulation FD Disclosure.
SBA Communications Corporation (SBA) is hereby providing certain information regarding its business with T-Mobile US, Inc. (T-Mobile) and Sprint Corporation (Sprint). As of the third quarter ended September 30, 2016, T-Mobile and Sprint each represented approximately 16% of SBAs total site leasing revenue. The revenue generated from each of T-Mobile and Sprint on overlapping sites represents less than 5% of SBAs total site leasing revenue for the quarter ended September 30, 2016, excluding and incremental to the impact from previously disclosed expected consolidation churn from T-Mobiles MetroPCS and Sprints Clearwire networks. In addition, these overlapping sites have an average remaining current term of approximately 3 years and 5 years with T-Mobile and Sprint, respectively.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SBA COMMUNICATIONS CORPORATION | ||
By: | /s/ Brendan T. Cavanagh | |
Brendan T. Cavanagh | ||
Executive Vice President and Chief Financial Officer |
Date: November 14, 2016