American Tower to expand into Argentina
American Tower Corp (AMT) has struck an agreement to acquire a number of telecommunications assets in Argentina, adding to its 144,000-site portfolio.
The deal will see AMT buy several wireless sites, equipment and fibre assets located on infrastructure owner by Argentinian utilities companies. It will also purchase several indoor wireless sites across the Latin American country.
In a filing with the SDC, American Tower said it expects the deal to close during the fourth quarter of 2016, subject to approval from the necessary regulators in both countries.
It will see AMT commence business in Argentina, adding to operations in India, Peru, Chile, Colombia, South Africa, Ghana and Uganda.
In 2013, it bought Global Tower Partners, which extended its reach to Costa Rica and Panama. It also agreed a deal to buy BR Towers in Brazil in 2014.