Torres Unidas, an independent owner and operator of communication towers in South America, has acquired a portfolio of over 400 wireless towers in Chile from Telefonica Moviles. Financial terms related to the transaction have not been disclosed.
Torres Unidas seeks to build its wireless tower portfolio in South America, with a particular focus on the Andean region, by acquiring new towers and constructing new sites. Earlier this year, Torres Unidas acquired 350 tower sites in Peru. In addition, the company constructs and operates wireless infrastructure through build-to-suit agreements with main operators in the region.
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