Announced
Completed
Financials
Tags
Telecommunications Equipment
telecommunications towers
Majority
Private Equity
Brazil
Acquisition
Private
Cross Border
Single Bidder
Friendly
Infrastructure
Completed
Synopsis
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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