July 7, 2022 |
Chilean mobile phone company WOM agreed to sell up to 3,800 communication towers to Phoenix Tower International (PTI) for $930 million, according to a news release.
PTI will acquire 2,334 sites initially and a further 1,466 in 2024, which will make it the biggest owner of towers in Chile, the Boca Raton, Florida-based company said in the press release.
The deal will be funded by facility from Scotiabank and supplemented by financing from affiliates of investment funds Caisse de dépôt et placemen
Chilean telco deals up to 3,800 towers to the US company for $930 mln