Brazil Tower Company is issuing debt to finance new investments. The towerco made a statement declaring an issuance of R$625mn of debentures (US$108mn). The towerco will invest the money in mobile and fixed networks.
The bonds will pay an interest rate of 10.76% per year and will be paid semi-annually, in 22 instalments, between August 2028 and February 2039. The bookbuilding procedure was carried out on February 27. This is Brazil Tower Company’s second issuance.
According to BTC, the funds raised will be used to implement access and transport networks, as well as telecommunications infrastructure in general. The amount provided represents 45% of the financing for a broader investment project by the company.
In December 2024, rival towerco Highline, owned by the US-based DigitalBridge group, raised R$2.3bn reais (approximately US$378mn) through a debenture issue. The funds were also to be used to support the construction of new mobile phone towers across Brazil.
Today, Brazil Tower has a portfolio of over 1,500 installed and operational assets, including greenfield towers, rooftops and camouflage solutions. The company reports a presence in over 500 Brazilian cities.
