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New Deal


Announced

Completed

Flō Networks completed the acquisition of ATC Holding Fibra México from American Tower.

Financials

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

Tags

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Telecommunications Equipment

Acquisition

Mexico

Cross Border

Completed

Majority

Single Bidder

Friendly

Private

fibers

Synopsis

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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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