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

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