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Wireless

American Tower closes acquisition of Telxius towers in Europe

Tuesday 1 June 2021 | 14:09 CET | News
US infrastructure giant American Tower Corporation said it has closed the first tranche of its acquisition of Telefonica's towers division Telxius comprising nearly 20,000 communications sites in Germany and Spain for a total of around EUR 6.2 billion. Another 4,000 additional rooftop communications sites in Germany are expected to close in the third quarter of 2021, said the company, adding that the deal was funded by a combination of cash on hand and borrowings under its revolving credit facilities and term loans. 

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Categories: Mobile & Wireless
Companies: American Tower / Telefonica / Telxius
Countries: Germany / Spain
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