ATC acquires BR Towers for BRL 2.18 bln

Monday 16 June 2014 | 09:12 CET | News
American Tower Corporation (ATC) said it has agreed to fully acquire Brazil's BR Towers for BRL 2.18 billion from private equity investors GP Investments, Bradesco BBI, and other shareholders. BR Towers is expected to own around 2,530 towers and the exclusive use rights for about 2,110 more in Brazil at closing. The purchase price is subject to customary adjustments, and will be given in a combination of cash and the assumption of certain existing debt. ATC expects the towers to generate BRL 292 million in annual run rate revenues and BRL 181 million in annual gross margin. The deal is

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.


Already registered?

Categories: Mobile & Wireless
Companies: American Tower
Countries: Brazil / United States
::: 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.


ATC obtains USD 11 mln from BR Towers acquisition in Q4

Published 25 Feb 2015 14:07 CET | Brazil
American Tower Corporation (ATC) obtained revenues of USD 11 million in the fourth quarter of 2014 with the acquisition of ...

American Tower eyes Nextel towers

Published 03 Nov 2014 15:50 CET | Brazil
American Tower hopes to conclude a deal with NII Holdings to acquire another 900 towers in Brazil, the deputy CEO and financial ...

ATC raises FY outlook after strong Q3

Published 30 Oct 2014 16:34 CET | United States
American Tower Corp (ATC) reported third-quarter revenue up 28.5 percent to USD 1.038 billion. Adjusted EBITDA increased 26.2 ...

Debtholders approve sale of BR Towers

Published 16 Sep 2014 12:47 CET | Brazil
The purchase of BR Towers by American Towers Corporation, announced in June, has been approved at the general meeting of ...

ATC prices USD 650 mln offering

Published 05 Aug 2014 10:16 CET | United States
American Tower Corporation (ATC) has priced its registered public offering of senior unsecured notes due 2021, at a total of USD ...

American Tower to own over 11,500 towers in Brazil- CEO

Published 31 Jul 2014 15:18 CET | Brazil
American Tower Corporation (ATC) expects to have over 11,500 communications towers in the Brazilian market once the company ...

American Tower revenues rise 27.5% in Q2

Published 31 Jul 2014 11:02 CET | United States
American Tower's second-quarter revenue rose 27.5 percent year-over-year to USD 1.031 billion. Total rental and management ...

American Tower declares quarterly distributions

Published 21 May 2014 22:51 CET | United States
American Tower has announced that its board of directors has declared a quarterly cash distribution of USD 0.34 per share on ...

Telecom Italia Brazil towers attract US interest - report

Published 21 May 2014 09:16 CET | Brazil
Telecom Italia has received letters of interest in its mobile phone towers in Brazil from potential buyers such as American Tower ...