American Tower to acquire Telxius
€7.7bn deal transforms American Tower’s European business and bolsters their position in LatAm
American Tower has announced that it has reached a deal with Telxius to acquire their c. 31,000 tower division for a total of €7.7bn. The deal is transformational in Europe, increasing the American Tower’s footprint six-fold and positioning the company in the top 5 largest towercos active on the continent. In Latin America, the deal further strengthens American Tower’s position in four existing markets. For Telefónica, the deal lops a significant chunk off their debt and enables them to focus on other core objectives. TowerXchange examines the deal, the implications for both companies and the impact on both European and Latin American tower markets.