SBA Communications (SBAC) S-4 Registration of securities issued in business combination transactions

EXHIBIT 12.1

Ratio/Deficiency of Earnings to Fixed Charges

SBA COMMUNICATIONS CORPORATION:

	Year Ended 12/31/08			Year Ended 12/31/09			Year Ended 12/31/10			Year Ended 12/31/11			Year Ended 12/31/12			Three Months Ended 3/31/12			Three Months Ended 3/31/13
Earnings:
Loss from continuing ops before taxes		(66,127	)		(140,627	)		(193,416	)		(124,779	)		(177,092	)		(21,324	)		(23,017	)
Plus: Fixed charges, less preferred dividends		137,661			215,644			244,600			261,529			317, 376			69,121			95,137
Plus: Current period amortization of interest capitalized in prior periods		519			538			543			549			604			148			147
Less: Capitalized interest		(223	)		(225	)		(391	)		(225	)		(318	)		(68	)		(117	)
Total Earnings		71,830			75,330			51,336			137,074			140,569			47,877			72,149
Fixed Charges:
Interest Expense – cash		104,253			130,853			149,921			160,896			196,241			42,248			59,465
Capitalized interest		223			225			391			225			318			68			117
Interest Expense – non cash		412			49,897			60,070			63,629			70,110			16,991			17,364
Amortization of Debt Issue Costs		11,671			10,456			9,099			9,188			12,870			2,433			3,604
Interest Component of Operating Leases		21,102			24,213			25,119			27,591			37,836			7,381			14,586
Total Fixed Charges		137,661			215,644			244,600			261,529			317,376			69,121			95,137
Total Deficiency	$	65,831		$	140,314		$	193,264		$	124,455		$	176,807		$	21,244		$	22,988

SBA TELECOMMUNICATIONS, LLC:

	Year Ended 12/31/08			Year Ended 12/31/09			Year Ended 12/31/10			Year Ended 12/31/11			Year Ended 12/31/12			Three Months Ended 3/31/12			Three Months Ended 3/31/13
Earnings:
Loss from continuing ops before taxes		(53,126	)		(75,337	)		(110,884	)		(21,365	)		(61,312	)		4,486			11,826
Plus: Fixed charges, less preferred dividends		127,804			148,630			156,364			164,206			205,944			43,690			62,345
Plus: Current period amortization of interest capitalized in prior periods		519			538			543			549			604			148			147
Less: Capitalized interest		(223	)		(225	)		(391	)		(225	)		(318	)		(68	)		(117	)
Total Earnings		74,974			73,606			45,631			143,165			144,917			48,255			74,200
Fixed Charges:
Interest Expense – cash		98,061			114,372			123,491			130,584			158,669			34,670			44,934
Capitalized interest		223			225			391			225			318			68			117
Interest Expense – non cash		412			1,831			1,308			(111	)		(198	)		(63	)		116
Amortization of Debt Issue Costs		8,006			8,045			6,098			5,946			9,318			1,606			2,591
Interest Component of Operating Leases		21,102			24,158			25,075			27,562			37,836			7,408			14,586
Total Fixed Charges		127,804			148,630			156,364			164,206			205,944			43,690			62,345
Total Deficiency	$	52,830		$	75,024		$	110,732		$	21,041		$	61,027		$	(4,566	)	$	(11,855	)
Ratio of Earnings to Charges		—			—			—			—			—			1.1			1.2