SBA Communications 8K Statements made in the course of this presentation that state the Company’s or | SBAC 3 Dec 07

SBA Communications Corporation

SEC Disclosures

Statements made in the course of this presentation that state the Company’s or

management’s

intentions,

hopes,

beliefs,

expectations

predictions

the

future

are

forward-looking statements. It is important to note that the Company’s actual results could

differ materially from those projected in such forward-looking statements. Additional

information concerning factors that could cause actual results to differ materially from

those in the forward-looking statements is contained from time to time in the Company’s

SEC filings, including but not limited to the Company’s reports on Form 10-K and Form

10-Q. Our comments will include non-GAAP financial measures, as defined in Regulation

G. The reconciliations of these non-GAAP financial measures to their most comparable

GAAP financial measures and other information required by Regulation G are included in

our press release issued on November 1, 2007 and prior press releases, and have been

posted on our website –

www.sbasite.com. Copies of which may be obtained by

contacting the Company or the SEC.

Exhibit 99.1

SBA Communications Corporation

Solid Financials

2007 projected results*

Total revenues -

$407.8 million

Leasing revenues -

$321.1 million

Adjusted EBITDA -

$208.5 million

Equity Free Cash Flow -

$116.3 million

Industry growth leader

Current market cap $3.8 billion

Current enterprise value $5.5 billion

* Based on midpoint of guidance given November 1, 2007

SBA Communications Corporation

3Q 2007 Highlights

Larger portfolio:

494 towers added year-to-date, now 6,045 towers

(1)

207 towers under contract to purchase

(1)

Very strong growth metrics (Q3 2007 vs. Q3 2006)

Site leasing tower revenue growth of 12.3%

(2)

Tower cash flow growth of 15.2%

(2)

Adjusted EBITDA growth of 16.8%

(2)

Equity free cash flow per share growth of 81.3%

(2)

Leverage at target

8.1x September 30, 2007 Net Debt / Annualized

Adjusted EBITDA

*(1)

As of November 1, 2007

*(2)

Excludes the effect of a $2.2 million one-time and non-recurring net site leasing revenue benefit in the year earlier period.

SBA Communications Corporation

Strong Leasing Revenue Growth

($ in millions)

( 1)

Includes $63.2 million of Leasing Revenue associated with the AAT acquisition.

(2)

2007 and 2008 estimates are based on the midpoint of Site Leasing Revenue guidance given in our press release dated November 1,

2007.

$365.0

$144.0

$161.3

$256.2

$321.1

$0.0

$50.0

$100.0

$150.0

$200.0

$250.0

$300.0

$350.0

$400.0

2004

2005

2006 (1)

2007 (2)

2008 (2)

SBA Communications Corporation

$187.3

$276.0

$235.0

$101.1

$117.0

$0.0

$50.0

$100.0

$150.0

$200.0

$250.0

$300.0

2004

2005

2006 (1)

2007 (2)

2008 (2)

Strong Tower Cash Flow Growth

($ in millions)

(1)

Includes $27.0 million of Tower Cash Flow associated with the AAT acquisition.

(2)

2007 and 2008 estimates are based on the midpoint of Tower Cash

Flow guidance given in our press release dated November 1, 2007.

SBA Communications Corporation

$78.8

$95.3

$151.0

$208.5

$247.0

$0.0

$50.0

$100.0

$150.0

$200.0

$250.0

$300.0

2004

2005

2006

2007 (1)

2008 (1)

20.0%

25.0%

30.0%

35.0%

40.0%

45.0%

50.0%

55.0%

60.0%

($ in millions)

Substantial Growth in EBITDA & Margin

(1)

2007 and 2008 estimates are based on the midpoint of Revenue and EBITDA guidance given in our press release dated November 1, 2007

SBA Communications Corporation

($ in millions)

Tremendous Equity Free

Cash Flow Growth

Tremendous Equity Free

Cash Flow Growth

(1)

2007 and 2008 estimates are based on the midpoint of Equity Free Cash Flow guidance given in our press release dated November 1, 2007.

$1.6

$24.4

$67.8

$116.3

$155.5

-$10.0

$10.0

$30.0

$50.0

$70.0

$90.0

$110.0

$130.0

$150.0

$170.0

2004

2005

2006

2007 (1)

2008 (1)

SBA Communications (SBAC) 8-KStatements made in the course of this presentation that state the Company’s or