American Tower acquires TIM portfolio in Brazil
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American Tower acquires TIM portfolio in Brazil


Reinforcing its leading position in Latin America and beyond

Just when we thought 2014 was going to remain a relatively quiet year for the CALA tower industry, American Tower delivered some much needed excitement with the acquisition of TIM towers in Brazil for a reported US$1.2bn in a sale and leaseback (SLB) deal.

TIM’s willingness to sell their passive infrastructure assets had been rumoured for quite some time and, with the current strength of the US dollar offering a virtual discount, this deal wasn’t a real surprise. American Tower was always the most likely a potential buyer and the company has consolidated their position as the largest towerco in Brazil and in the CALA region.


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