0
Wireless

American Tower to sell 30% of Europe business to CDPQ for EUR 1.6 bln

Wednesday 5 May 2021 | 13:41 CET | News
American Tower announced an agreement to sell a 30 percent stake in its ATC Europe business to Canadian pension fund Caisse de depot et placement du Quebec (CDPQ) in a transaction valued at over EUR 1.6 billion. In a statement, American Tower said the deal is based on an enterprise value of more than EUR 8.8 billion for ATC Europe and that it will retain managerial and operational control, plus day-to-day oversight of ATC Europe, with CDPQ receiving rights as well as seats on ATC Europe's board.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: American Tower / Telxius
Countries: Europe
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

American Tower finalises purchase of Telefonica's LatAm towers for EUR 900 mln

Published 03 Jun 2021 14:05 CET | Latin America
US infrastructure giant American Tower Corporation has finalised the purchase of EUR 900 million worth of Latin American towers ...

Brazilian regulator greenlights Fibrasil sale to CDPQ

Published 02 Jun 2021 14:39 CET | Brazil
Brazil's National Telecommunications Agency (Anatel) approved the sale of Telefonica Vivi's 50 percent stake in Fibrasil to ...

EQT offers EUR 1.8 bln for Telefonica subsea cables - report

Published 02 Jun 2021 09:12 CET | World
Swedish fund EQT has approached Telefonica to offer EUR 1.8 billion for the Spanish group's global submarine cable business, ...

American Tower closes acquisition of Telxius towers in Europe

Published 01 Jun 2021 14:09 CET | Spain
US infrastructure giant American Tower Corporation said it has closed the first tranche of its acquisition of Telefonica's towers ...

American Tower upgrades Brazilian network to 10 Gbps using Nokia equipment

Published 24 May 2021 14:37 CET | Brazil
Infrastructure company American Tower has chosen Nokia to implement XGS-PON technology for its neutral network in Brazil to meet ...

American Tower prices USD 2 billion offering

Published 19 May 2021 13:13 CET | World
American Tower has priced USD 2 billion worth of senior unsecured notes. The money raised will be put towards funding the pending ...

Brazilian Antitrust approves Telxius Torres acquisition by American Tower

Published 30 Apr 2021 19:15 CET | Brazil
Brazil's Administrative Council for Economic Defense (Cade) has approved the acquisition by American Tower of the entire share ...

American Tower grows Q1 revenues 8%, EBITDA up over 13%

Published 29 Apr 2021 17:21 CET | World
American Tower reported property revenue for the first quarter up 7.9 percent to USD 2.1 billion, and adjusted EBITDA 13.3 ...

American Tower raises USD 1.4 billion for debt refinancing

Published 25 Mar 2021 09:34 CET | World
American Tower has raised USD 1.4 billion for debt refinancing. The senior unsecured notes included USD 700 million at 1.6 ...

Infinera, ATC complete first LatAm point-to-multipoint coherent optical transmission demo

Published 15 Mar 2021 14:36 CET | Colombia
Infinera and American Tower (ATC) joined forces to complete what the partners described as the first demonstration of ...

Dish Network accelerates 5G rollout with deal to lease space on American Tower sites

Published 15 Mar 2021 14:03 CET | United States
American Tower has agreed to lease space on up to 20,000 of its communications sites to Dish Network, which will use the sites to ...

Former Nokia exec Goel joins American Tower to lead Asia business

Published 12 Mar 2021 09:23 CET | Asia
American Tower announced that Sanjay Goel has been appointed Executive Vice President and President, Asia-Pacific, succeeding ...

American Tower starts channel sales for edge data centres

Published 02 Mar 2021 15:13 CET | United States
American Tower is starting a new channel programme to help sell its edge data centre services. XaaS1 was signed up as the first ...

American Tower beats FY guidance after double-digit growth in Q4

Published 25 Feb 2021 15:01 CET | World
American Tower reported annual results ahead of its guidance, helped by double-digit growth in the final quarter of the year. ...

Nextlink, American Tower partner to deliver broadband to rural areas

Published 01 Feb 2021 11:16 CET | United States
Nextlink Internet, ISP targeting rural communities across the central US, and American Tower, wireless communications ...

Telefonica sells infrastructure unit Telxius to American Tower for EUR 7.7 bln

Published 13 Jan 2021 09:06 CET | Europe
Telefonica has reached an agreement to sell its towers division Telxius to US infrastructure giant American Tower Corporation for ...

American Tower signs IoT partnership with Technology Park of Belo Horizonte

Published 18 Dec 2020 14:37 CET | Brazil
American Tower has signed an agreement with Technology Park of Belo Horizonte (BH Tec) for the development of IoT services, ...

American Tower buys InSite Wireless for USD 3.5 billion

Published 05 Nov 2020 15:04 CET | United States
American Tower has agreed to buy InSite Wireless Group, adding around 3,000 sites to its footprint in the US and Canada. The ...

American Tower Edge Data Centers available on Cloudscene

Published 02 Nov 2020 08:35 CET | United States
American Tower said it's working with marketplace platform Cloudscene to help enterprises make informed decisions about their ...