Brazil Tower Company keeps building until the market turns around
Silver Swan Capital invests US$40mn enabling BTC to stay on course to reach 1,000 towers in the next year
Despite tough times, Brazil Tower Company (BTC) remains one of the fastest growing independent developers in Brazil. BTC has overcome macro economic challenges, slowing carrier network investment and scarcity of local capital to raise US$40mn to fund continuing growth. Over the next year the company is targeting reaching a scale of 1,000 towers. TowerXchange spoke to CEO Dr Chahram Zolfaghari and Kyle Detwiler of Silver Swan Capital.
TowerXchange: Congratulations on completing Brazil Tower Company’s latest debt raise – what can you tell us about the deal?
Kyle Detwiler, Partner and Co-founder, Silver Swan Capital:
Back in May 2016 we closed a US$40m transaction to provide growth capital to Brazil Tower Company (BTC) so that they could continue to construct towers and maintain credibility with MNOs.