Telecom Italia-owned TIM Brasil announced today that it has completed the first tranche of its tower sale to American Tower.
In a market filing, TIM said that it has sold 4,176 towers to American Tower, having received payment of R$1.9bn (US$631m).
The…
Telecom Italia-owned TIM Brasil announced today that it has completed the first tranche of its tower sale to American Tower.
In a market filing, TIM said that it has sold 4,176 towers to American Tower, having received payment of R$1.9bn (US$631m).
The company said it expects to complete the sale of the 2,305 towers in the coming months.
American Tower agreed to buy the two tower portfolios (split at the time into sets of 5,240 and 1,240 towers) for B£3bn (US$1.2bn) in November 2014.