Exhibit 99.1

FOR IMMEDIATE RELEASE

SBA Communications Corporation Reports 4^th Quarter 2015 Results;

Provides 1^st Quarter and Updated Full Year 2016 Outlook

Boca Raton, Florida, February 25, 2016 (GLOBE NEWSWIRE) — SBA Communications Corporation (Nasdaq: SBAC) (“SBA” or the “Company”) today reported results for the quarter ended December 31, 2015. Highlights of the results include:

“We had a solid end of the year,” commented Jeffrey A. Stoops, President and Chief Executive Officer. “Wireless carriers were active with network deployments in the fourth quarter, and customer activity has remained steady to start 2016. Domestic activity primarily came from continued AWS-1 and 700 MHz deployments, and refarming of spectrum used for 2G to LTE. We expect this type of activity to continue, and to be supplemented by deployments of additional spectrum bands as we move through 2016. Internationally, our customers continued with a mix of coverage and capacity deployments. Longer term, we remain extremely optimistic about the growth and importance of wireless infrastructure. Industry experts predict worldwide growth in mobile data of 800% over the next five years. The growth is expected to be driven by steadily increasing 4G connections, video traffic and smartphone penetration. Additional spectrum expected to be available over the same time period amounts to only a fraction of that which is already in use. Additional infrastructure will be necessary to meet demand, and we are well positioned to participate in that growth. Given our long-term optimism around our business and our solid balance sheet, we intend to continue to allocate capital opportunistically to both portfolio growth and stock repurchases in pursuit of our long-standing goal of maximizing AFFO per share.”

Operating Results

Total revenues in the fourth quarter of 2015 were $406.9 million compared to $404.7 million in the year earlier period, an increase of 0.5%. Site leasing revenue of $368.5 million increased 1.9% over the year earlier period. Domestic cash site leasing revenue was $305.1 million in the fourth quarter of 2015 compared to $295.4 million in the year earlier period, an increase of 3.3%. IDen-specific churn during 2015 had a negative impact on the quarter of $9.1 million, or 3.1% of domestic cash site leasing revenue. International cash site leasing revenue was $53.3 million in the fourth quarter of 2015 compared to $51.8 million in the year earlier period, an increase of 2.9%. Eliminating the impact of changes in foreign currency exchange rates, total site leasing revenue and international cash site leasing revenue would have increased 7.5% and 37.5%, respectively, over the year earlier period. Site development revenues were $38.5 million in the fourth quarter of 2015 compared to $43.3 million in the year earlier period, a decrease of 11.1%.

Site leasing Segment Operating Profit was $287.1 million, an increase of 1.4% over the year earlier period. Site leasing contributed 96.5% of the Company’s total Segment Operating Profit in the fourth quarter of 2015. Domestic site leasing Segment Operating Profit was $246.7 million, an increase of 2.1% over the year earlier period. International site leasing Segment Operating Profit was $40.4 million, a decrease of 2.5% when compared to the year earlier period. Eliminating the impact of changes in foreign currency exchange rates, total site leasing Segment Operating Profit and international site leasing Segment Operating Profit would have increased 6.1% and 29.3%, respectively, over the year earlier period. Site development Segment Operating Profit Margin was 27.0% in the fourth quarter of 2015 compared to 22.1% in the year earlier period.

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Tower Cash Flow for the fourth quarter of 2015 was $285.5 million, a 2.7% increase over the year earlier period. Tower Cash Flow Margin for the fourth quarter of 2015 was 79.7% compared to 80.0% in the year earlier period. Domestic Tower Cash Flow for the fourth quarter of 2015 was $249.1 million compared to $241.7 million in the year earlier period, an increase of 3.0%. International Tower Cash Flow for the fourth quarter of 2015 was $36.5 million compared to $36.2 million in the year earlier period, an increase of 0.7%. Eliminating the impact of changes in foreign currency exchange rates, total Tower Cash Flow and International Tower Cash Flow would have increased 6.8% and 32.1%, respectively, over the year earlier period.

Net income for the fourth quarter of 2015 was $31.0 million or $0.25 per share compared to net income of $0.4 million in the year earlier period. Net income for the fourth quarter of 2015 included a $37.2 million gain realized on the sale of the Company’s investment in Extenet and a $1.6 million gain on the currency related remeasurement of a U.S. dollar denominated intercompany loan with a Brazilian subsidiary.

Adjusted EBITDA in the fourth quarter of 2015 was $274.3 million compared to $266.7 million in the year earlier period, an increase of 2.9%. Eliminating the impact of changes in foreign currency exchange rates, Adjusted EBITDA would have increased 6.9% over the year earlier period. Adjusted EBITDA Margin was 69.1% in the fourth quarter of 2015 compared to 68.3% in the year earlier period.

Net Cash Interest Expense was $82.3 million in the fourth quarter of 2015 compared to $76.7 million in the year earlier period.

AFFO decreased 0.2% to $181.1 million in the fourth quarter of 2015 compared to $181.5 million in the year earlier period. Eliminating the impact of changes in foreign currency exchange rates, AFFO would have increased 6.2% over the year earlier period. AFFO per share increased 2.9% to $1.43 in the fourth quarter of 2015 compared to $1.39 in the year earlier period. Eliminating the impact of changes in foreign currency exchange rates, AFFO per share would have increased 9.4% over the year earlier period. Excluding the impact of both iDen-specific churn and changes in foreign currency exchange rates, AFFO per share would have increased 14.4% over the year earlier period.

Investing Activities

During the fourth quarter of 2015, SBA purchased 292 communication sites for $183.4 million in cash. SBA also built 100 towers during the fourth quarter of 2015. As of December 31, 2015, SBA owned or operated 25,465 communication sites, 15,778 of which are located in the United States and its territories, and 9,687 of which are located internationally. In addition, the Company spent $26.4 million to purchase land and easements and to extend lease terms. Total cash capital expenditures for the fourth quarter of 2015 were $247.2 million, consisting of $9.0 million of non-discretionary cash capital expenditures (tower maintenance and general corporate) and $238.2 million of discretionary cash capital expenditures (new tower builds, tower augmentations, acquisitions, purchasing land and easements, and capital expenditures associated with the refurbishment of a new headquarters building).

Subsequent to the fourth quarter of 2015, the Company acquired 102 communication sites for an aggregate consideration of $62.5 million in cash. In addition, the Company has agreed to purchase in the U.S. and internationally 72 communication sites for an aggregate amount of $36.2 million. The Company anticipates that most of these acquisitions will be consummated by the end of the third quarter of 2016.

Financing Activities and Liquidity

SBA ended the fourth quarter with $8.6 billion of total debt, $144.1 million of cash and cash equivalents, short-term restricted cash, and short-term investments, and $8.4 billion of Net Debt. SBA’s Net Debt and Net Secured Debt to Annualized Adjusted EBITDA Leverage Ratios were 7.7x and 5.8x, respectively. At quarter end, SBA had no borrowings under its $1.0 billion Revolving Credit Facility.

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On October 14, 2015, the Company, through its existing SBA Tower Trust, issued $500.0 million of 3.156% Secured Tower Revenue Securities Series 2015-1C which have an anticipated repayment date of October 8, 2020 and a final maturity date of October 10, 2045 (the “2015 Tower Securities”). Net proceeds from this offering were used to make a cash distribution to SBA Guarantor LLC which was further distributed (1) to repay outstanding amounts on the Revolving Credit Facility of SBA Senior Finance II LLC and (2) to be used for general corporate purposes.

During the fourth quarter of 2015, the Company repaid with cash on hand the entire $160.0 million outstanding principal balance on the 2012-1 Term Loan. In connection with the prepayment, the Company expensed $0.8 million of net deferred financing fees.

During the fourth quarter of 2015, the Company repurchased 0.5 million shares of its Class A common stock for $50.0 million, at an average price per share of $103.74. Subsequent to December 31, 2015, the Company repurchased 0.5 million shares of its Class A common stock for $50.0 million at a weighted average price per share of $98.65. As of the date of this filing, the Company had a remaining authorization to repurchase $650.0 million of Class A common stock under its current $1.0 billion stock repurchase program. Since the beginning of 2015, the Company has reduced its shares of Class A common stock outstanding from 129.1 million to 125.3 million as of the date of this press release.

Outlook

The Company is providing its first quarter 2016 Outlook and updating its full year 2016 Outlook for anticipated results. Changes in the full year 2016 Outlook are equal to changes in current assumptions around foreign currency exchange rates. The Outlook provided is based on a number of assumptions that the Company believes are reasonable at the time of this press release. Information regarding potential risks that could cause the actual results to differ from these forward-looking statements is set forth below and in the Company’s filings with the Securities and Exchange Commission.

The Company’s first quarter 2016 Outlook and full year 2016 Outlook assume approximately $8.0 million and $30.5 million, respectively, of non-cash straight-line leasing revenue. The first quarter 2016 Outlook and updated full year 2016 Outlook assume the acquisitions of only those communication sites under contract at the time of this press release. The Company intends to spend additional capital in 2016 on acquiring revenue producing assets not yet identified or under contract, the impact of which is not reflected in the 2016 guidance. The Company’s full year 2016 Outlook includes new tower builds in the U.S. and internationally of 590 to 610 towers. The Outlook does not contemplate any new financings or any additional repurchases of the Company’s stock during 2016 other than those repurchases completed as of the date of this press release.

The Company’s updated Outlook assumes an average foreign currency exchange rate of 4.00 and 4.20 Brazilian Reais to 1.0 U.S. Dollar and 1.40 and 1.44 Canadian Dollars to 1.0 U.S. Dollar for the first quarter of 2016 and for the updated full year 2016 Outlook, respectively. When compared to the Company’s initial full year 2016 Outlook provided November 4, 2015, the variances in the Company’s foreign currency rate assumptions negatively impact the updated full year 2016 Outlook by approximately $16 million for Site Leasing Revenue, $10 million for Tower Cash Flow, $9 million for Adjusted EBITDA, and $10 million for AFFO.

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Conference Call Information

SBA Communications Corporation will host a conference call on Thursday, February 25, 2016 at 5:00 PM (Eastern) to discuss the quarterly results. The call may be accessed as follows:

Information Concerning Forward-Looking Statements

This press release includes forward-looking statements, including statements regarding the Company’s expectations or beliefs regarding (i) continued growth in wireless infrastructure and the drivers of such growth, (ii) portfolio and organic growth for 2016, both domestically and internationally, (iii) the Company’s goal of investing substantial amounts of capital in portfolio growth and stock repurchases and approach with respect to capital allocation, (iv) the Company’s stock repurchase program and the impact of stock repurchases, (v) the impact of such portfolio growth and stock repurchases on AFFO per share, (vi) network deployments by existing customers, including the AWS-1 and 900 MHz deployments in the U.S., as well as the future availability of additional spectrum, (vii) the infrastructure needed to meet future growth in demand and the Company’s positioning to participate in such growth, (viii) the Company’s financial and operational guidance for the first quarter of 2016 and full year 2016, and the ability to improve upon its full year 2016 Outlook, (ix) timing of closing for currently pending acquisitions, (x) spending additional capital in 2016 on acquiring revenue producing assets not yet identified or under contract, (xi) customer activity levels during 2016, (xii) Canada and Brazil’s foreign exchange rates and their impact on the Company’s financial and operational guidance, and (xiii) the impact associated with iDen and non-iDen churn.

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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 disclosures contained in the Company’s Securities and Exchange Commission filings, including the Company’s annual report on Form 10-K filed with the Commission on March 2, 2015.

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 all of these statements, including its financial and operational guidance, such risk factors include, but are not limited to: (1) the ability and willingness of wireless service providers to maintain or increase their capital expenditures; (2) the Company’s ability to identify and acquire sites at prices and upon terms that will allow the portfolio growth to be accretive; (3) the Company’s ability to accurately identify any risks associated with its acquired sites, to effectively integrate such sites into its business and to achieve the anticipated financial results; (4) the Company’s ability to secure and retain as many site leasing tenants as planned at anticipated lease rates; (5) the impact of continued consolidation among wireless service providers on the Company’s leasing revenue; (6) the Company’s ability to successfully manage the risks associated with international operations, including risks associated with foreign currency exchange rates; (7) the Company’s ability to secure and deliver anticipated services business at contemplated margins; (8) the Company’s ability to maintain expenses and cash capital expenditures at appropriate levels for its business while seeking to attain its investment goals; (9) the Company’s ability to acquire land underneath towers on terms that are accretive; (10) the Company’s ability to realize economies of scale from its tower portfolio; (11) the economic climate for the wireless communications industry in general and the wireless communications infrastructure providers in particular in the United States, Brazil, and internationally; (12) the continued dependence on towers and outsourced site development services by the wireless carriers; (13) the Company’s ability to protect its rights to land under its towers; and (14) the Company’s ability to obtain future financing at commercially reasonable rates or at all. With respect to the Company’s plan for new builds, these factors also include zoning and regulatory approvals, weather, availability of labor and supplies and other factors beyond the Company’s control that could affect the Company’s ability to build 590 to 610 towers in 2016. With respect to its expectations regarding the ability to close pending acquisitions, these factors also include satisfactorily completing due diligence, the amount and quality of due diligence that the Company is able to complete prior to closing of any acquisition and its ability to accurately anticipate the future performance of the acquired towers, the ability to receive required regulatory approval, the ability and willingness of each party to fulfill their respective closing conditions and their contractual obligations and the availability of cash on hand or borrowing capacity under the Revolving Credit Facility to fund the consideration. With respect to repurchases under the Company’s stock repurchase program, the amount of shares repurchased, if any, and the timing of such repurchases will depend on, among other things, the trading price of the Company’s common stock, which may be positively or negatively impacted by the repurchase program, market and business conditions, the availability of stock, the Company’s financial performance or determinations following the date of this announcement in order to use the Company’s funds for other purposes.

This press release contains non-GAAP financial measures. Reconciliation of each of these non-GAAP financial measures and the other Regulation G information is presented below under “Non-GAAP Financial Measures.”

This press release will be available on our website at www.sbasite.com.

About SBA Communications Corporation

SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America. By “Building Better Wireless,” 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 communication sites to a variety of wireless service providers under long-term lease contracts. For more information please visit: www.sbasite.com.

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Contacts

Mark DeRussy, CFA

Capital Markets

561-226-9531

Lynne Hopkins

Media Relations

561-226-9431

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CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited) (in thousands, except per share amounts)

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CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except par values)

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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(unaudited) (in thousands)

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Selected Capital Expenditure Detail

Communication Site Portfolio Summary

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Segment Operating Profit and Segment Operating Profit Margin

The reconciliation of Site Leasing Segment Operating Profit and Site Development Segment Operating Profit and the calculation of Segment Operating Profit Margin are as follows:

Non-GAAP Financial Measures

The press release contains non-GAAP financial measures including (i) Cash Site Leasing Revenue; (ii) Tower Cash Flow and Tower Cash Flow Margin; (iii) Adjusted EBITDA, Annualized Adjusted EBITDA, and Adjusted EBITDA Margin; (iv) Net Debt, Net Secured Debt, Leverage Ratio, and Secured Leverage Ratio (collectively, our “Non-GAAP Debt Measures”); (v) Funds from Operations (“FFO”), Adjusted Funds from Operations (“AFFO”), and AFFO per share; and (vi) certain financial metrics after eliminating the impact of changes in foreign currency exchange rates (collectively, our “Constant Currency Measures”) and the impact of iDen-related churn.

We have included these non-GAAP financial measures because we believe that they provide investors additional tools in understanding our financial performance and condition. Specifically, we believe that:

(1) Cash Site Leasing Revenue and Tower Cash Flow are indicators of the performance of our site leasing operations;

(2) Adjusted EBITDA, FFO, AFFO, and AFFO per share are useful indicators of the financial performance of our core businesses;

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(3) Our Non-GAAP Debt Measures provide investors a more complete understanding of our net debt and leverage position as they include the full principal amount of our debt which will be due at maturity;

(4) Our Constant Currency Measures provide management and investors the ability to evaluate the performance of the business without the impact of foreign currency exchange rate fluctuations; and (5) Excluding the impact of iDen-related churn provides management and investors a better understanding of our core growth rate.

In addition, Tower Cash Flow, Adjusted EBITDA, and our Non-GAAP Debt Measures are components of the calculations used by our lenders to determine compliance with certain covenants under our Senior Credit Agreement and indentures relating to our 5.625% Notes, 5.75% Notes, and 4.875% Notes. These non-GAAP financial measures are not intended to be an alternative to any of the financial measures provided in our results of operations or our balance sheet as determined in accordance with GAAP.

We believe that FFO, AFFO, and AFFO per share, which are also being used by American Tower Corporation and Crown Castle International (our two public company peers in the communication site industry), provide investors useful indicators of the financial performance of our core business and permit investors an additional tool to evaluate the performance of our business against those of our two principal competitors. FFO, AFFO and AFFO per share are not necessarily indicative of the operating results that would have been achieved had we converted to a REIT. In addition, our FFO, AFFO, and AFFO per share may not be comparable to those reported in accordance with National Association of Real Estate Investment Trusts or by the other communication site companies as the calculation of these non-GAAP measures requires us to estimate the impact had we converted to a REIT, including estimates of the tax provision adjustment to reflect our estimate of our cash taxes had we been a REIT.

Financial Metrics after Eliminating the Impact of Changes In Foreign Currency Exchange Rates and the Impact of 2015 iDen-related Churn

We eliminate the impact of changes in foreign currency exchange rates for each of the following financial metrics by dividing the current period’s financial results by the average monthly exchange rates of the prior year period. The table below provides the reconciliation of the reported growth rate year-over-year of each of the following measures to the growth rate after eliminating the impact of changes in foreign currency exchange rates to such measure: (1) total site leasing revenue and international cash site leasing revenue, (2) total site leasing segment operating profit and international site leasing segment operating profit, (3) total Tower Cash Flow and international Tower Cash Flow, (4) Adjusted EBITDA, and (5) AFFO and AFFO per share. The table also provides the reconciliation of the reported year-over-year growth rates of these measures to the growth rates after eliminating the impact of iDen-related lease terminations that occurred during 2015.

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Cash Site Leasing Revenue, Tower Cash Flow, and Tower Cash Flow Margin

The tables below set forth the reconciliation of Cash Site Leasing Revenue and Tower Cash Flow to their most comparable GAAP measurement and Tower Cash Flow Margin, which is calculated by dividing Tower Cash Flow by Cash Site Leasing Revenue. Tower Cash Flow for each of the periods set forth in the Outlook section above will be calculated in the same manner.

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Adjusted EBITDA, Annualized Adjusted EBITDA, and Adjusted EBITDA Margin

The table below sets forth the reconciliation of Adjusted EBITDA to its most comparable GAAP measurement. Adjusted EBITDA for each of the periods set forth in the Outlook section above will be calculated in the same manner:

The calculation of Adjusted EBITDA Margin is as follows:

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Funds from Operations (“FFO”) and Adjusted Funds from Operations (“AFFO”)

The tables below set forth the reconciliations of FFO and AFFO to their most comparable GAAP measurement. AFFO for each of the periods set forth in the Outlook section above will be calculated in the same manner:

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Net Debt, Net Secured Debt, Leverage Ratio, and Secured Leverage Ratio

Net Debt is calculated using the notional principal amount of outstanding debt. Under GAAP policies, the notional principal amount of the Company’s outstanding debt is not necessarily reflected on the face of the Company’s financial statements.

The Net Debt and Leverage calculations are as follows:

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