NII Sells Towers

NII Sells Towers

Brazil Mexico M&A

American Tower has agreed to pay LatAm-focused telecom NII Holdings $413m for up to 2,790 cellular towers in Brazil and $398m for up to 1,666 towers in Mexico, it says, as part of a sale-leaseback. Nextel Brazil and Nextel Mexico have 12-year minimum initial lease terms with American Tower and can extend as part of the leaseback plan. All payments are to be in local currency. American Tower says it plans to use cash on hand and its current credit facilities to fund the deals. Evercore advised Am

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial