American Tower agreed to buy Brazilian tower company...
American Tower agreed to buy Brazilian tower company BR Towers for the equivalent of $978 million. BR Towers owns 2,530 towers and has exclusive use rights on an additional 2,110, American Tower said in a news release Sunday. The additional…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
towers gained through the deal will generate the equivalent of $131 million in annual revenue, American Tower said. The deal is set to close in Q4, following regulatory reviews (http://bit.ly/1qXcogp). In October, American Tower bought MIP Tower Holdings, parent of Global Tower Partners (CD Oct 3 p8).