CALA news (Apr 2015)
A roundup of tower new across Latin America
América Móvil creates Telesites
On April 1, América Móvil has filed a report with the plan for the creation of its spin off towerco Telesites, to which it will transfer 10,800 towers. Industry news suggest that other Mexican carriers will have access to 90% of these sites, compared to the current 45%. Telcel will of course be the anchor tenant. The restructuring plan is expected to be approved at the company’s shareholders meeting scheduled for April 17 and the spin-off should be concluded before the end of June 2015.