SpectraSite Reports First Quarter Operational Results

Tower Portfolio Increased 19%

Same Tower Revenue Growth of 39%



Apr 17, 2001, 01:00 ET from SpectraSite Communications, Inc.

    CARY, N.C., April 17 /PRNewswire/ --
     SpectraSite Holdings, Inc. (Nasdaq: SITE) today reported that it added 952
 towers in the first quarter, increasing the number of towers owned by 19% to
 5,982.  Of the 952 towers added, 251 were newly built and 701 were acquired
 from wireless carriers, including 632 from SBC.  The Company added 500 new
 colocation tenant leases, which equates to an annualized rate of 0.40 new
 tenants per tower on a broadband equivalent basis.
     The average monthly rent for these new tenants was $1,515, a slight
 increase from the fourth quarter.
     Steve Clark, President and CEO of SpectraSite, stated, "It was a very
 productive first quarter for SpectraSite.  We are pleased that we were able to
 maintain a .40 lease-up rate during a period of rapid growth of our tower
 portfolio.  The quality of our tenants remains high and we continue to lead
 the industry with an average broadband monthly lease rate of $1,709.
 Furthermore, 95% of leasing revenue added during this period came from
 established wireless carriers.  We also lead the industry for same tower
 revenue growth which, based on trailing twelve months revenue on the 3,070
 towers the Company owned as of March 31, 2000, was 39%.
     Mr. Clark also noted that the SBC integration is progressing smoothly and
 the Company continues to rapidly add SBC towers to its portfolio.  At the end
 of the first quarter the Company had acquired a total of 1,371 SBC towers,
 which is ahead of schedule, and expects to acquire an additional 1,879 SBC
 towers by the end of 2001, in line with previous guidance.
 
     About SpectraSite Communications, Inc.
     SpectraSite Communications, Inc. (www.spectrasite.com), based in Cary,
 North Carolina, is one of the largest wireless tower operators in the United
 States.  The Company also is a leading provider of outsourced network services
 to the wireless communications and broadcast industries in the United States
 and Canada.  Pro forma for all pending transactions, SpectraSite owns or
 manages approximately 30,000 sites, including 8,500 owned towers in the top
 100 markets in the United States.  SpectraSite's customers are leading
 wireless communications providers and broadcasters, including Nextel,
 Cingular, SBC, Sprint PCS, AT&T Wireless, and Verizon.
 
 

SOURCE SpectraSite Communications, Inc.
    CARY, N.C., April 17 /PRNewswire/ --
     SpectraSite Holdings, Inc. (Nasdaq: SITE) today reported that it added 952
 towers in the first quarter, increasing the number of towers owned by 19% to
 5,982.  Of the 952 towers added, 251 were newly built and 701 were acquired
 from wireless carriers, including 632 from SBC.  The Company added 500 new
 colocation tenant leases, which equates to an annualized rate of 0.40 new
 tenants per tower on a broadband equivalent basis.
     The average monthly rent for these new tenants was $1,515, a slight
 increase from the fourth quarter.
     Steve Clark, President and CEO of SpectraSite, stated, "It was a very
 productive first quarter for SpectraSite.  We are pleased that we were able to
 maintain a .40 lease-up rate during a period of rapid growth of our tower
 portfolio.  The quality of our tenants remains high and we continue to lead
 the industry with an average broadband monthly lease rate of $1,709.
 Furthermore, 95% of leasing revenue added during this period came from
 established wireless carriers.  We also lead the industry for same tower
 revenue growth which, based on trailing twelve months revenue on the 3,070
 towers the Company owned as of March 31, 2000, was 39%.
     Mr. Clark also noted that the SBC integration is progressing smoothly and
 the Company continues to rapidly add SBC towers to its portfolio.  At the end
 of the first quarter the Company had acquired a total of 1,371 SBC towers,
 which is ahead of schedule, and expects to acquire an additional 1,879 SBC
 towers by the end of 2001, in line with previous guidance.
 
     About SpectraSite Communications, Inc.
     SpectraSite Communications, Inc. (www.spectrasite.com), based in Cary,
 North Carolina, is one of the largest wireless tower operators in the United
 States.  The Company also is a leading provider of outsourced network services
 to the wireless communications and broadcast industries in the United States
 and Canada.  Pro forma for all pending transactions, SpectraSite owns or
 manages approximately 30,000 sites, including 8,500 owned towers in the top
 100 markets in the United States.  SpectraSite's customers are leading
 wireless communications providers and broadcasters, including Nextel,
 Cingular, SBC, Sprint PCS, AT&T Wireless, and Verizon.
 
 SOURCE  SpectraSite Communications, Inc.