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Prestige Telecom enters into strategic sourcing relationship with SBA Canada

^{Published on 2010-01-07 03:21:22 - Market Wire}
 

MONTREAL, Jan. 7 /CNW Telbec/ - Prestige Telecom Inc. ("Prestige" or the "Company") (TSX-V: PR) is pleased to announce the signing of a Master Services Agreement (MSA) with SBA Canada, ULC (SBA Canada), a subsidiary of SBA Communications Corporation (SBA) (Nasdaq: SBAC).

Prestige Telecom is a recognized leader in the Canadian telecommunications industry, providing professional and technical services necessary for engineering, designing, building and commissioning wireless and wireline telecom networks.

SBA Canada is an independent wireless communications infrastructure company. With a portfolio of more than 400 owned and managed sites across the country, SBA Canada strives to deliver the very best in tower and antenna site services to wireless operators and broadcasters.

The MSA calls for Prestige to assist with SBA Canada's ongoing development of communications tower sites. Prestige will provide services on a non-exclusive basis for tower site design and deployment, including engineering and civil works, construction, technical and installation support, tower maintenance and project management.

Pierre Yves Méthot, Chairman and CEO of Prestige, commented: "The independent tower business model has proven successful around the world. Knowing the steady growth in Canadian wireless and SBA's innovative business model, we look forward to significant activity with them. This relationship is a testament to the depth of services we can provide and new business opportunities we are able to capture."

"We consider Prestige to be a quality outsource partner," said Jacques Paquin, President of SBA Canada. "We are familiar with their history of tower development and cross-Canada scope. These were primary considerations in choosing a strategic partner, and we look forward to moving ahead with them."

About Prestige Telecom Inc.

Prestige is a leading provider of network engineering, materials furnishing, installation and support services (commonly referred to as EF&I services) required to construct, operate and maintain wireline, wireless and cable television networks. Prestige assists telecommunications original equipment manufacturers and service providers to engineer, install and upgrade their infrastructures to support enhanced voice, high speed data and video services. Prestige Telecom also provides technical and aerial services to the Canadian communications and broadcast industries, including tower supply, engineering, site construction, and infrastructure and equipment maintenance.

In Canada, Prestige has over 900 professional and technical personnel operating in 16 service locations across eight provinces. Prestige's head office is located in Baie d'Urfé (Montreal), Quebec.

About SBA

SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure. The primary focus of SBA is the leasing of antenna space on its multi-tenant towers to a variety of wireless service providers under long-term lease contracts. SBA and its subsidiaries currently offer antenna space on more than 8,000 owned towers and an additional 5,500 managed properties in North America. Since it was founded in 1989, SBA has participated in the development of over 45,000 antenna sites.

Forward-Looking Statements

This press release contains certain forward-looking statements with respect to the Company. Such forward-looking statements are dependent upon a certain number of factors and are subject to risks and uncertainties. Management does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information or future events, except when required by the regulatory authorities.

The TSX Venture Exchange accepts no responsibility for the adequacy or the accuracy of this press release.