Exhibit 99.1

                                    SBA[LOGO]

                                      NEWS

                              FOR IMMEDIATE RELEASE

            SBA COMMUNICATIONS CORPORATION ANNOUNCES FIRST CLOSING OF
                 TOWER SALE; REFINANCES SENIOR CREDIT FACILITY

SBA COMMUNICATIONS CORPORATION (NASDAQ: SBAC); BOCA RATON, FLORIDA, MAY 12, 2003

SBA Communications Corporation ("SBA" or the "Company") announced today that it
has completed the first stage of its pending sale of 679 towers to AAT
Communications Corp. ("AAT"), transferring interests in 631 towers to AAT in
exchange for gross cash proceeds of approximately $145 million. The transfer of
the remaining 48 towers for gross cash proceeds of approximately $15 million is
expected to occur on or before June 30, 2003. AAT also has the option to
purchase an additional 122 towers for approximately $43 million, which option is
exercisable on or before June 1, 2003 and has an expected closing date on or
before September 30, 2003.

SBA also announced that it has refinanced entirely its $300 million Senior
Credit Facility, under which $255 million was borrowed, with the proceeds from a
new $195 million Senior Credit Facility from GE Structured Finance and
affiliates of Oak Hill Advisors, Inc., cash on hand and a portion of the
proceeds from the tower sale to AAT.

SBA is a leading independent owner and operator of wireless communications
infrastructure in the United States. SBA generates revenue from two primary
businesses - site leasing and site development services. The primary focus of
the company is the leasing of antenna space on its multi-tenant towers to a
variety of wireless service providers under long-term lease contracts. Since it
was founded in 1989, SBA has participated in the development of over 20,000
antenna sites in the United States.

For additional information about SBA, please contact Pamela J. Kline, Vice
President, Capital Markets, at (561) 995-7670.

Information Concerning Forward-Looking Statements

This press release includes forward looking statements, including (i) the
Company's expectations regarding the total number of towers that will be sold,
the final purchase price and the estimated gross proceeds; (ii) the Company's
expectations that the Company and AAT will satisfy all remaining closing
conditions; and (iii) the Company's expectations regarding the consummation of
the closing of the sale of towers to AAT in stages ending on September 30, 2003



These forward-looking statements may be affected by the risks and uncertainties
in the Company's business. This information is qualified in its entirety by
cautionary statements and risk factor disclosure contained in the Company's
Securities and Exchange Commission filings, including the Company's report on
Form 10-K filed with the Commission on March 31, 2003. The Company wishes to
caution readers that certain important factors may have affected and could in
the future affect the Company's actual results and could cause the Company's
actual results for subsequent periods to differ materially from those expressed
in any forward-looking statement made by or on behalf of the Company. With
respect to the Company's expectations regarding the number of towers that will
be sold and the final purchase price, such factors include the decision by AAT
to elect to purchase the final 122 towers, and potential adjustments based on
the aggregate tower cash flow sold as determined by the terms of the purchase
agreement. The Company undertakes no obligation to update forward-looking
statements to reflect events or circumstances after the date hereof.