Across Latin America, the telecommunications sector is witnessing M&A activity within the region, the landscape for sale and leasebacks has become more restricted since a substantial portion of the remaining MNO-owned towers now belong to America Movil’s Sites and Millicom’s Lati. However, this does not imply a lack of overall M&A activity.
Recently in a significant move, PTI announced the acquisition of 1,300 sites from Liberty Latin America (LLA) in various Caribbean locations including Panama, Jamaica, The Bahamas, Puerto Rico, Barbados, and the British Virgin Islands. The transaction totaled $407 million, translating to approximately $313,076 per tower. This pricing reflects healthier valuations akin to those observed by Highline or SBA Communications in Brazil between 2019 and 2021, underscoring the attractiveness of CALA towers and market stability.
