American Tower and Tigo seal sale and leaseback deal in Paraguay

Paraguay opens its doors to towercos

Millicom’s Tigo has agreed to sell around 1,400 of its 2,000 Paraguayan towers to American Tower for an approximate US$125mn. Under the terms of the agreement, American Tower will lease back to Tigo and the deal is expected to create considerable savings to the MNO, which has committed to several investments in the country. The…

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