American Tower said Friday it will buy 4,456...
American Tower said Friday it will buy 4,456 cell tower sites from NII Holdings for $811 million; 2,790 of the sites are in Brazil, while 1,666 are in Mexico. NII Holdings’s Nextel Brazil and Nextel Mexico subsidiaries will lease the…
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sites from American Tower over the next 12 years. The towers are generally located in major population centers and along highways, American Tower said. The company expects the sites will generate about $149 million in annual revenue. American Tower said it expects the deal to close in Q4 (http://bit.ly/19gJ3ss). The company already had 4,482 towers in Brazil and 6,721 towers in Mexico at the end of Q2, said Evercore Partners analyst Jonathan Schildkraut in an email to investors.