BTS Towers raises over US$100mn to invest in Central and South American telecom infrastructure solutions

Major shareholders include Cartesian Capital Group, Amzak Capital and the International Finance Corporation

BTS Towers (BTS) announced that it has secured commitments of more than US$100mn to build and operate telecommunications infrastructure solutions for mobile operators in Central and South America.

BTS was formed by the former management team of Network Management Services (NMS). BTS presently operates in Peru and will expand into other markets throughout Central and South America. BTS will leverage the deep experience of the former NMS management team and augment those capabilities with its Peruvian management team and shareholders with deep telecommunications experience.

“We see highly attractive opportunities to deploy mobile infrastructure assets in Peru, Colombia, México, and throughout Central America,” said CEO Tatum Martin. “The established carriers and new entrants need the infrastructure we finance, build and manage for them. Wireless infrastructure solutions benefit from rising mobile penetration and accelerating demand for data. In these markets, wireless telephony has become an essential consumer staple and is expanding rapidly to meet new generations of users.”

Mariano Gomez, Executive Vice President of BTS, added: “BTS provides its customers with state of the art wireless infrastructure technologies, using the best talent and practices in these regions. We have successfully designed and deployed mobile telephony infrastructure in both rural and urban environments, providing customised solutions for each of our customers.”

BTS’ partners are three seasoned telecommunications investors: Cartesian Capital Group, the International Finance Corporation (IFC) and Amzak Capital. Cartesian Capital Group is a New York based private equity firm with over US$2bn under management and has invested in telecommunications properties in multiple countries. The IFC has more than twenty years of experience investing in telecom infrastructure and operators in emerging markets, including US$8.3bn in financing across eighty countries. Amzak is a single-family office with more than twenty-five years of experience investing in telecommunications businesses in Latin America.

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