The Chilean unit of US towerco American Tower has acquired 558 towers in Chile from Telefonica’s local business for Ps49.2m (US$96m).
The completion of the acquisition by American Tower’s local subsidiary ATC (American Tower en Chile) was announced…
The Chilean unit of US towerco American Tower has acquired 558 towers in Chile from Telefonica’s local business for Ps49.2m (US$96m).
The completion of the acquisition by American Tower’s local subsidiary ATC (American Tower en Chile) was announced by Telefonica Moviles Chile in a statement.
Telefonica said that the move would allow it to concentrate on the operational and technical management of its network, while American Tower could increase the coverage of its operation as a provider of intermediary telecoms services.
Telefonica will still be able to use the towers through a leasing agreement.
