0
Wireless

Debtholders approve sale of BR Towers

Tuesday 16 September 2014 | 12:47 CET | News
The purchase of BR Towers by American Towers Corporation, announced in June, has been approved at the general meeting of debtholders of the Brazilian company, reports Teletime. In a statement filed with the Brazilian Securities Commission (CVM), the debt holders of the company approved unanimously, without amendments or caveats, the transfer of control to the US company. The transaction, which would have a total value of BRL 2.18 billion, still needs approval of the Administrative Council for Economic Defense (Cade). BR Towers operates 4,300 towers in Brazil, including 300 built by the

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?



Categories: Mobile & Wireless
Companies: Oi / Vivo
Countries: Brazil
::: 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

BR Towers sale to American Tower completed

Published 21 Nov 2014 14:09 CET | Brazil
BRT Holding, a company controlled by GP Capital Partners company, said it has completed the sale of Brazilian tower construction ...

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 ...

Brazilian antitrust watchdog approves BR Tower purchase

Published 29 Oct 2014 17:02 CET | Brazil
Brazil's Council for Economic Defence (Cade) has approved, without restrictions, the acquisition of BR Tower by American Tower do ...

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 ...

ATC acquires BR Towers for BRL 2.18 bln

Published 16 Jun 2014 09:12 CET | Brazil
American Tower Corporation (ATC) said it has agreed to fully acquire Brazil's BR Towers for BRL 2.18 billion from private equity ...





Calendar   /   Industry Events

19 Jan Fujitsu ActivateNow: Technology Summit
20 Jan Limelight Networks Q4 2021
20 Jan Netflix Q4 2021
25 Jan Ericsson Q4 2021
25 Jan Microsoft fiscal Q2
25 Jan F5 fiscal Q1
25 Jan Verizon Q4 2021
25 Jan European 5G Conference
26 Jan AT&T Q4 2021
26 Jan Corning Q4 2021
26 Jan Intel Q4 2021
26 Jan Calix Q4 2021
26 Jan Crown Castle Q4 2021
27 Jan Extreme Networks fiscal Q2
27 Jan Samsung Electronics Q4 2021
27 Jan Juniper Networks Q4 2021
27 Jan STMicroelectronics Q4 2021
27 Jan MTN Nigeria Q4 2021
27 Jan Elisa Q4 2021
27 Jan Rogers Communications Q4 2021
27 Jan Comcast Q4 2021
27 Jan Apple fiscal Q1
27 Jan FCC meeting
::: More Calendar Items