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Wireless

TI poised to sell Brazil towers to American Tower – report

Friday 21 November 2014 | 08:50 CET | News
Telecom Italia is ready to announce that the mobile phone towers of its Brazilian unit TIM Brasil have been sold to American Tower Corp for close to the full targeted figure of EUR 900 million, according to unnamed sources cited by Reuters. Although any agreement would have to be approved by local regulatory authorities, Telecom Italia is expected to announce the deal at a board meeting on 21 November. The sale of the Brazilian tower asset was one of the cost-cutting measures announced by Telecom Italia CEO Marco Patuano at the end of 2013 as part of a wide-ranging plan to bring down the

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Categories: Mobile & Wireless
Companies: Oi / Telecom Italia / TIM Brasil
Countries: Italy
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