Exhibit 99.1

FOR IMMEDIATE RELEASE

SBA COMMUNICATIONS CORPORATION REPORTS 3^rd QUARTER 2014 RESULTS;

PROVIDES 4^th QUARTER, UPDATED 2014 OUTLOOK AND INITIAL 2015 OUTLOOK

Boca Raton, Florida, November 4, 2014

SBA Communications Corporation (Nasdaq: SBAC) (“SBA” or the “Company”) today reported results for the quarter ended September 30, 2014. Highlights of the results include:

Third quarter over year earlier period:

“We experienced another strong quarter of customer activity” commented Jeffrey A. Stoops, President and CEO. “Organic leasing growth was very good, particularly in the U.S. and Brazil. Once again we executed well operationally. Our customers remain busy with network investment, and we expect strong levels of customer activity to continue through 2015. We are introducing our 2015 Outlook, which anticipates solid growth across a variety of metrics and implies another year of material growth in AFFO per share. We intend to maintain our target net debt/adjusted EBITDA leverage ratio which, based on our expected EBITDA, implies that we will have the ability to make additional investment in portfolio growth and/or stock purchases beyond the amount of discretionary investment assumed in our 2015 Outlook. Given current and expected continued favorable levels of customer activity, capital market conditions and our operational performance, we believe this investment activity will drive additional value creation for our shareholders.”

Operating Results

Total revenues in the third quarter of 2014 were $393.3 million compared to $332.1 million in the year earlier period, an increase of 18.4%. Site leasing revenue of $349.0 million increased 21.4% over the year earlier period. Domestic cash site leasing revenue was $283.8 million in the third quarter of 2014 compared to $252.6 million in the year earlier period, an increase of 12.3%. International cash site leasing revenue was $48.8 million in the third quarter of 2014 compared to $18.3 million in the year earlier period, an increase of 167.1%.

Site leasing Segment Operating Profit of $271.1 million increased 23.5% over the year earlier period. Site leasing contributed 96.3% of the Company’s total Segment Operating Profit in the third quarter of 2014. Domestic site leasing Segment Operating Profit of $230.7 million increased 11.8% over the year earlier period. International site leasing Segment Operating Profit of $40.4 million increased 207.1% over the year earlier period. Site development revenues were $44.3 million in the third quarter of 2014 compared to $44.6 million in the year earlier period, a decrease of 0.7%. Site development Segment Operating Profit Margin was 23.3% in the third quarter of 2014 compared to 21.0% in the year earlier period.

Tower Cash Flow for the third quarter of 2014 was $263.8 million, a 24.6% increase over the year earlier period. Tower Cash Flow Margin for the third quarter of 2014 was 79.3% compared to 78.2% in the year earlier period.

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Domestic Tower Cash Flow for the third quarter of 2014 was $228.8 million compared to $199.2 million in the year earlier period, an increase of 14.8%. International Tower Cash Flow for the third quarter of 2014 was $35.0 million compared to $12.5 million in the year earlier period, an increase of 180.5%.

Net loss for the third quarter of 2014 was $16.6 million or $(0.13) per share compared to a net income of $21.5 million or $0.17 per share in the year earlier period. Net income in the third quarter of 2013 was positively impacted by $34.2 million of Other Income, which included a gain on the sale of the Company’s claim against Lehman Brothers related to a hedge terminated when Lehman Brothers filed for bankruptcy in 2008.

Adjusted EBITDA in the third quarter of 2014 was $254.3 million compared to $203.7 million in the year earlier period, an increase of 24.9%. Adjusted EBITDA Margin was 67.5% in the third quarter of 2014 compared to 64.6% in the year earlier period.

Net Cash Interest Expense was $78.0 million in the third quarter of 2014 compared to $62.7 million in the year earlier period.

AFFO increased 29.4% to $173.8 million in the third quarter of 2014 compared to $134.3 million in the year earlier period. AFFO per share increased 27.9% to $1.33 in the third quarter of 2014 compared to $1.04 in the year earlier period. AFFO for the third quarter includes a non-recurring benefit of $7.4 million for coupon interest expense not required to be paid upon conversion of our 4.0% Convertible Senior Notes (the “4.0% Notes”).

Investing Activities

During the third quarter of 2014, SBA purchased 94 communication sites for $79.9 million in cash. SBA also built 114 towers during the third quarter of 2014. As of September 30, 2014, SBA owned or operated 22,454 communication sites, 15,099 of which are located in the United States and its territories, and 7,355 of which are located internationally. In addition, the Company spent $12.4 million to purchase land and easements and to extend lease terms with respect to land underlying its towers. Total cash capital expenditures for the third quarter of 2014 were $140.5 million, consisting of $8.6 million of non-discretionary cash capital expenditures (tower maintenance and general corporate) and $131.9 million of discretionary cash capital expenditures (new tower builds, tower augmentations, acquisitions, purchasing land and easements, and capital expenditures associated with the purchase of a new headquarters building).

Subsequent to the third quarter of 2014, the Company acquired 52 communication sites and related assets and liabilities for aggregate consideration of $40.6 million in cash. In addition, including the Company’s previously announced Oi acquisition, the Company has agreed to purchase in the U.S. and internationally 1,707 communication sites for an aggregate amount of $519.4 million. The Company anticipates that the Oi acquisition will be closed by December 1, 2014, and that the remainder of these acquisitions will be consummated by the end of the first quarter of 2015.

Financing Activities and Liquidity

SBA ended the third quarter with $7.6 billion of total debt, $502.1 million of cash and cash equivalents, short-term restricted cash, and short-term investments, and $7.1 billion of Net Debt (as defined below). SBA’s Net Debt and Net Secured Debt to Annualized Adjusted EBITDA Leverage Ratios were 6.9x and 4.6x, respectively.

On July 1, 2014, the Company issued $750.0 million aggregate principal amount of its 4.875% Senior Notes due 2022 (the “4.875% Notes”). The net proceeds from the 4.875% Notes were used to redeem all of the 8.25% Notes due 2019 and the associated call premium on August 15, 2014, pay the conversion obligations with respect to approximately $121.0 million aggregate principal amount of the 4.0% Notes, and for general corporate purposes.

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During the third quarter, the Company settled $6.7 million in principal of the 4.0% Notes in connection with conversion notices received during the second quarter. In addition, during the third quarter, the Company received conversion notices totaling $371.7 million in principal of the 4.0% Notes and settled $4.6 million in principal. The total principal settled during the quarter of $11.3 million was settled for $11.3 million in cash and 0.3 million shares of the Company’s Class A common stock. On October 1, 2014, the Company settled its conversion obligation of $367 million in principal of the 4.0% Notes for $367 million in cash and 8.7 million shares of Class A common stock. Concurrently with the settlement of the Company’s conversion obligation, the Company settled the convertible note hedges that the Company had initially purchased at the time the outstanding 4.0% Notes were issued, receiving 9.0 million shares of its Class A common stock. As a result, SBA’s outstanding share count was not impacted by the conversion of these notes. The remaining $38,000 aggregate principal amount of 4.0% Notes that was not converted matured on October 1, 2014 and was settled in cash at principal plus accrued interest.

During the third quarter, the Company paid $326.6 million to early settle approximately 32% of the original total outstanding warrants, representing approximately 5.3 million underlying shares of Class A common stock, originally scheduled to mature in the first quarter of 2015. Subsequent to the third quarter, the Company early settled approximately 7% of the original total outstanding warrants for $74.3 million, representing approximately 1.2 million underlying shares, originally scheduled to mature in the first quarter of 2015. As of the date of this press release, the Company has approximately 31% of the original warrants still outstanding representing approximately 5.1 million underlying shares.

On October 15, 2014, the Company, through its existing SBA Tower Trust, issued $920.0 million of 2.898% Secured Tower Revenue Securities Series 2014-1C which have an anticipated repayment date of October 2019 and a final maturity date of October 2044 and $620.0 million of 3.869% Secured Tower Revenue Securities Series 2014-2C which have an anticipated repayment date of October 2024 and a final maturity date of October 2049 (collectively the “2014 Tower Securities”). The aggregate $1.54 billion of 2014 Tower Securities have a blended interest rate of 3.289% and a weighted average life through the anticipated repayment date of 7.0 years. Net proceeds from this offering were used to prepay in full $680 million of Series 2010-1 securities and to repay the $300 million outstanding balance under the Company’s Revolving Credit Facility which had been drawn in order to partially repay the 4.0% Notes due October 1, 2014. The remaining net proceeds will be used for general corporate purposes.

During the third quarter, SBA did not repurchase any shares of its Class A common stock. The Company currently has $150.0 million of repurchase authorization remaining under its existing $300.0 million stock repurchase program.

As of the date of this press release, there are no amounts outstanding under the $770.0 million Revolving Credit Facility, and the amount available based on specified covenants under the facility is $770.0 million.

Outlook

The Company is providing its fourth quarter 2014 Outlook, updating its Full Year 2014 Outlook, and providing its initial 2015 Outlook for anticipated results. 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 fourth quarter 2014 Outlook assumes that the previously announced Oi acquisition will close on December 1, 2014. The Company’s initial 2015 Outlook assumes approximately $54.8 million of non-cash straight-line leasing revenue while the full year 2014 Outlook assumes approximately $57.4 million of non-cash straight-line leasing revenue. The 2015 Outlook for site leasing revenue, Tower Cash Flow, Adjusted EBITDA and AFFO includes an assumed negative impact of $16 million associated with 2015 iDEN lease terminations, which from a timing perspective have been assumed to occur on the basis least favorable to SBA pursuant to previously

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negotiated contractual rights. The 2015 Outlook assumes the acquisitions of only those communication sites under contract at the time of this press release. The Company intends to spend additional capital in 2015 on acquiring revenue producing assets not yet identified or under contract, the impact of which is not reflected in the 2015 guidance. The Company’s initial 2015 Outlook includes new tower builds in the U.S. and internationally of 560 to 580 towers. The Full Year 2015 Outlook also contemplates settling all of the remaining warrant obligations under the Company’s 4.0% Notes for cash by the end of the first quarter of 2015. The Outlook does not contemplate any new financings or any repurchases of the Company’s stock during 2015. Finally, the Company’s Outlook also assumes an average foreign currency exchange rate of 2.50 Brazilian Reais to 1.0 U.S. Dollar for the fourth quarter of 2014 and full year 2015.

Conference Call Information

SBA Communications Corporation will host a conference call on Wednesday, November 5, 2014 at 10:00 AM (Eastern) to discuss the quarterly results. The call may be accessed as follows:

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Information Concerning Forward-Looking Statements

This press release includes forward-looking statements, including statements regarding the Company’s expectations or beliefs regarding (i) continued strength in the leasing and services segments for 2014, (ii) portfolio and organic growth for 2014 and into 2015, both domestically and internationally, (iii) the Company’s financial and operational guidance for the fourth quarter of 2014, full year 2014, and full year 2015, and the ability to improve upon its full year 2015 Outlook, (iv) timing of closing for currently pending acquisitions, (v) spending additional capital in 2015 on acquiring revenue producing assets not yet identified or under contract, (vi) customer activity levels during 2014 and 2015, (vii) Brazil’s foreign exchange rates, (viii) the impact associated with iDEN lease terminations, and (ix) the amount and terms of any future financing and that such financing will be sufficient for its anticipated uses. 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 February 27, 2014.

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 effectively integrate acquired communication sites into its business and to achieve the financial results projected in its valuation models for the acquired assets; (3) the Company’s ability to secure and retain as many site leasing tenants as planned at anticipated lease rates; (4) the impact of continued consolidation among wireless service providers on the Company’s leasing revenue; (5) the Company’s ability to successfully manage the risks associated with international operations, including risks associated with foreign currency exchange rates; (6) the Company’s ability to secure and deliver anticipated services business at contemplated margins; (7) the Company’s ability to maintain expenses and cash capital expenditures at appropriate levels for its business; (8) the Company’s ability to acquire land underneath towers on terms that are accretive; (9) the Company’s ability to realize economies of scale from its tower portfolio; (10) the Company’s ability to comply with covenants and the terms of its credit instruments; (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; and (13) the Company’s ability to protect its rights to land under its towers. 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 560 to 580 towers in 2015. 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.

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.

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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.

Contacts

Mark DeRussy, CFA

Capital Markets

561-226-9531

Lynne Hopkins

Media Relations

561-226-9431

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CONSOLIDATED STATEMENTS OF OPERATIONS

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

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CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands) (unaudited)

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Selected Capital Expenditure Detail

Communication Site Portfolio Summary

Non-GAAP Financial Measures

The press release contains non-GAAP financial measures including (i) Site Leasing Segment Operating Profit, Site Development Segment Operating Profit, and Segment Operating Profit Margin; (ii) Cash Site Leasing Revenue; (iii) Tower Cash Flow and Tower Cash Flow Margin; (iv) Adjusted EBITDA, Annualized Adjusted EBITDA, and Adjusted EBITDA Margin; (v) Net Debt, Net Secured Debt, Leverage Ratio, and Secured Leverage Ratio (collectively, our “Non-GAAP Debt Measures”); and (vi) Funds from Operations (“FFO”), Adjusted Funds from Operations (“AFFO”), and AFFO per share.

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) Segment Operating Profit is an indicator of the operating performance of our site leasing and site development segments;

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

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

(4) 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.

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

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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.

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:

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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:

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The calculation of Adjusted EBITDA Margin is as follows:

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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