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New Deal


Announced

Completed

SBA Communications completed the acquisition of 2.6k Brazilian cell sites from Providence Equity-backed TorreSur for $725m.

Financials

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Transaction Value£596m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Telecommunications Equipment

telecommunications towers

Majority

Private Equity

Brazil

Acquisition

Private

Cross Border

Single Bidder

Friendly

Infrastructure

Completed

Synopsis

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SBA Communications, a firm that owns and operates roughly 34k cell towers, completed the acquisition of 2.6k Brazilian cell sites from Providence Equity-backed TorreSur, a provider of infrastructure sharing services catering to the telecommunications industry, for $725m. The sites to be acquired in this transaction are anticipated to produce approximately $68m of tower cash flow during their first full year of operations after closing based on current estimates of future foreign currency exchange rates.

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