US towerco American Tower has agreed to acquire 1,800 communications sites from Unison Holdings and Unison Site Management for approximately US$500m.
In a filing with the SEC today, American Tower said that the acquisition was expected to close in Q4…
US towerco American Tower has agreed to acquire 1,800 communications sites from Unison Holdings and Unison Site Management for approximately US$500m.
In a filing with the SEC today, American Tower said that the acquisition was expected to close in Q4 2011.
The price of the purchase is made up by US$304m in cash and US$196m in debt.
The companies entered into the agreement on 3 September.
The news follows American Tower’s US$182m acquisition of 2,126 towers from Colombian mobile operator Colombia Movil, a subsidiary of Millicom, in July.
