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 December 17, 1999 SBA COMMUNICATIONS CORPORATION - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Florida 333-50219 65-0716501 - -------------------------------------------------------------------------------- (State or other jurisdiction of Commission File (I.R.S. Employer incorporation or organization) Number Identification No.) One Town Center Road, Boca Raton, Florida 33486 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip code) (561) 995-7670 - -------------------------------------------------------------------------------- (Registrant's telephone number, including area code) Item 2 Other Events SBA Communications Corporation announced it had entered into an agreement to provide site acquisition, development, collocation, build-to-suit and equipment installation services for Georgia PCS Management, LLC ("Georgia PCS"). Georgia PCS is a Sprint PCS Network Member and manages Sprint markets throughout various areas of Georgia. Under the Agreement, SBA shall have the right to build for SBA's ownership any new tower required by Georgia PCS in its network development. SBA will be responsible for site acquisition, collocation, and installation services for Georgia PCS equipment under the Agreement and will be paid a fee for such services. Georgia PCS and SBA estimate that the Agreement will cover the location of as many as 200 antenna sites by Georgia PCS through March 31, 2001, with the number of such sites being on newly-built towers ranging from 50 to 100. Georgia PCS will be the anchor tenant on the towers built and owned by SBA, at initial monthly rents of either $1,100 or $1,570, depending on the services provided by SBA, with subsequent rent escalators. The initial term of the leases will be ten years with renewal options. Item 7 Financial Statements and Exhibits (c) Exhibits 99.1 Press release dated December 6, 1999 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, thereunto duly authorized. December 17, 1999 /s/ Jeffrey A. Stoops ---------------------- Jeffrey A. Stoops Chief Financial Officer