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

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.