Why SBA Communications (SBAC) Has Entered the M&A Conversation

SBA Communications Corporation (NASDAQ:SBAC) is one of the best M&A target stocks to buy now.

SBA Communications Corporation (NASDAQ:SBAC) became a fresh M&A candidate after Reuters reported on April 2 that the wireless tower operator was exploring options, including a potential sale, after receiving preliminary takeover interest. The report, which cited Bloomberg News, said the company’s shares rose 14% in afternoon trading after the potential-sale angle became public. Reuters also noted that SBA had a market value of $18.15 billion as of the prior close, making it a large but still plausible infrastructure deal candidate.

The appeal is straightforward: SBA owns and operates wireless communications infrastructure, a type of asset that can attract infrastructure funds and strategic buyers because of long-term leasing demand from mobile carriers. The company generates revenue from two main businesses, site leasing and site development services, and describes itself as a leading owner and operator of wireless communications infrastructure across the Americas and Africa.

SBA Communications Corporation (NASDAQ:SBAC) is a real estate investment trust that owns and operates wireless infrastructure, including towers and related communications sites, serving wireless service providers across multiple markets.

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