Moody's may up Mobilitie

Moody's Investors Service said it placed all of the ratings of Mobilitie Investments II LLC on review for possible upgrade following news that the assets of the company will be acquired by SBA Communication Corp.

SBA will acquire the assets, along with other subsidiaries of its parent, Mobilitie, LLC for $1.1 billion in cash and stock.

SBA will pay $850 million in cash and issue 5.25 million shares of SBA stock to acquire Mobilitie, Moody's said.

The review reflects SBA's stronger credit profile and a high likelihood of the closing of the acquisition, the agency said.

The review will focus on SBA's plans regarding the existing Mobilitie debt, Moody's said.

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