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American Tower Spends $2.25 Billion on Brazil, Nigeria Sites
2014-11-25 05:50:57| Telecom - Topix.net
American Tower Corp. has agreed to buy towers across Nigeria and Brazil for more than $2.2 billion, furthering the U.S. company's plans to expand internationally. Yesterday, American Tower said it will acquire 4,800 wireless towers in Nigeria from Bharti Airtel Ltd. for about $1.05 billion.
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American Tower Spends $2.25 Billion on Brazil, Nigeria Sites
2014-11-25 04:55:01| IT Services - Topix.net
American Tower Corp. has agreed to buy towers across Nigeria and Brazil for more than $2.2 billion, furthering the U.S. company's plans to expand internationally. Yesterday, American Tower said it will acquire 4,800 wireless towers in Nigeria from Bharti Airtel Ltd. for about $1.05 billion.
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UPDATE 1-American Tower to buy Bharti Nigeria phone masts for $1.1 bln
2014-11-24 19:50:49| IT Services - Topix.net
India's Bharti Airtel Ltd will sell more than 4,800 mobile phone masts in Nigeria to American Tower Corp for $1.05 billion, as part of its plan to cut costs and pare debt. Mobile operators in Africa such as Bharti Airtel have been selling masts to specialist tower firms and leasing them back to cut maintenance costs on a continent with poor access to electricity and shoddy roads.
UPDATE 1-American Tower to buy Bharti Nigeria phone masts for $1.1 bln
2014-11-24 16:17:24| Telecom - Topix.net
India's Bharti Airtel Ltd will sell more than 4,800 mobile phone masts in Nigeria to American Tower Corp for $1.05 billion, as part of its plan to cut costs and pare debt. Mobile operators in Africa such as Bharti Airtel have been selling masts to specialist tower firms and leasing them back to cut maintenance costs on a continent with poor access to electricity and shoddy roads.
Airtel agrees to sell Nigeria towers to ATC
2014-11-24 13:55:00| Telecompaper Headlines
(Telecompaper) American Tower Corporation and Airtel have entered into a definitive agreement for the sale of over 4,800 of Airtel's communications towers in Nigeria. Airtel will be the anchor tenant on the portfolio under a lease with a ten-year initial term. The agreement will allow Airtel to focus on its core business and customers, enable it to deleverage through debt reduction and will significantly reduce its on-going capital expenditures on passive infrastructure in Nigeria. American Tower and Airtel expect to close the acquisition during the first half of 2015, subject to customary closing conditions and regulatory approval. Airtel Africa CEO Christian de Faria said the agreement, which is part of a stated philosophy of promoting infrastructure sharing, will provide cost efficiencies and at the same time allows the company to sharpen its focus on the customer. No financial details of the transaction were disclosed.
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