American Tower goes on CALA shopping spree
Since the beginning of the year, American Tower has acquired 2,796 towers in four separate transactions and distinct markets across Central and Latin America. Not to mention the 1,000 urban sites and 2,500km of fibre it added to its portfolio following the acquisition of Argentinian firm CyCSA at the end of 2016. Here is a summary of what the towerco acquired over the past few months and the key characteristics of each deal.
Millicom changed its tower strategy in 2017 and started divesting selected portfolios across South America. What’s left to be seen is whether the trend could be expanded to other countries or these will remain two isolated cases.