SBA Communications to enter South Africa with planned Atlas Towers SA acquisition
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SBA Communications to enter South Africa with planned Atlas Towers SA acquisition

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Long only active in the Americas, SBA Communications enters Africa by acquiring the continent’s fastest growing towerco

In August this year, SBA Communications announced it intended to exercise and close its option to acquire all but 6% of Atlas Towers SA, co-founded by Nate Foster and Randi Clendennen. SBA Communication has made a total investment of US$140mn to acquire 94% of the South African towerco. Atlas SA is expected to generate annual revenues of US$31mn and adjusted EBITDA of US$21mn during its first full year of operation after closing. Through this investment, SBA Communications take control of approximately 900 sites throughout South Africa and a substantial new tower development backlog that should take the total beyond 1,000 by the start of 2020.


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