Announced
Completed
Financials
Tags
Telecommunications Equipment
Acquisition
Mexico
Cross Border
Completed
Majority
Single Bidder
Friendly
Private
fibers
Synopsis
Flō Networks, a digital infrastructure service provider, completed the acquisition of ATC Holding Fibra México, the México Fiber business of American Tower. Financial terms were not disclosed. "We are thrilled to announce the completion of the acquisition of ATC Holding Fibra México. The combination of these two unique and complementary networks will enable redIT's dense metro footprints throughout Mexico to leverage Flō's diverse long-haul and metro networks, providing reliable and redundant routes to transport mission-critical data back to the United States and beyond. I could not be more proud of our team and how they efficiently executed through a challenging market backdrop. We'd also like to thank the American Tower team for their leadership and partnership that culminated in a successful outcome for both parties," Miguel Fernandez, Flō Networks CEO.
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