American Tower Continues Global Expansion
American Tower is continuing its regional growth as well as within Europe, recently acquiring Telefonica’s tower business –Telxius Towers– for an estimated US$ 9.4 billion. Telxius Towers has ownership of 30,722 communications sites across Germany, Spain, Brazil, Chile, Peru, and Argentina. The tower assets of Telxius Towers are reportedly around 30- to 35-meter sites (or around 98- to 115-foot sites) that can accommodate multi-tenant occupancy.
On top of this acquisition, American Tower also plans to invest around US$500 million to build out 3,300 new sites to further fortify its presence in Germany and Brazil. Looking ahead, the tower company is intending to further diversify its global footprint into the Indian market. With their emboldened portfolio in North America, Europe, Latin America, and possibly Asia, American Tower plans to not only position themselves to deliver broadband connectivity to more people but a...
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