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American Tower ends Q2 with 30,000 telecom sites in Europe: CEO

In June last year, American Tower had closed the first tranche of the acquisition of Telxius Towers, comprised of nearly 20,000 communications sites in Germany and Spain American Tower Corporation (ATC) ended June with nearly 30,000 telecommunications sites across its European footprint, the company’s President...

ATC expects robust growth in European markets due to 5G adoption: CEO

American Tower Corporation (ATC) is expecting to experience a period of solid growth in its European markets, where the firm is seeing similar network growth trends to the U.S., with early-stage 5G deployments set to accelerate in the coming years, the company’s President and...

American Tower completes acquisition of Telxius Towers in Latin America

American Tower Corporation (ATC) has closed the Latin American tranche of its Telxius Towers acquisition, comprised of over 7,000 communications sites in Brazil, Peru, Chile and Argentina, the company said in a release. ATC said that the total value of the transaction amounted to approximately...

American Tower completes first tranche of Telxius acquisition

American Tower Corporation announced that it has closed the first tranche of the acquisition of Telxius Towers, comprised of nearly 20,000 communications sites in Germany and Spain, for total consideration of approximately 6.2 billion euros ($7.6 billion). In a release, ATC said that the closing...

American Tower to sell 30% of its European business to CDPQ

American Tower Corporation (ATC) and Caisse de dépôt et placement du Québec (CDPQ), a global investment group, announced that the latter will acquire a 30% stake in ATC Europe. ATC said that the transaction is valued at over 1.6 billion euros ($1.92 billion), implying an...

ATC invests in different areas to be ready for continued 5G rollouts: CEO

American Tower Corporation (ATC) has been investing in more efficient and scalable power solutions at many of the company’s sites to be ready for the requirements of U.S. carriers extending their 5G networks nationwide, the company’s President and CEO, Tom Bartlett, said during a...

Telefonica sells tower businesses in Europe, LatAm to American Tower

Spanish telecom operator Telefónica’s subsidiary Telxius Telecom has signed an agreement with American Tower Corporation (ATC) for the sale of its telecommunications towers businesses in Europe and Latin America. Telxius has telecommunications towers in Spain, Germany, Brazil, Peru, Chile and Argentina. Telefonica, which holds a 50.1%...

Telefónica reaches agreement to sell 40% of infrastructure firm Telxius

Global investment firm KKR Group will pay $1.35 billion to Telefónica for a stake in Telxius. Telefónica reached an agreement with global investment firm KKR Group to sell up to 40% of Telxius Telecom, Telefónica’s telecommunications infrastructure division, for 1.28 billion euros...

Telefonica confirms negotiations for its stake in infrastructure subsidiary Telxius

The Spanish telco reportedly aims to sell 49% of the infrastructure firm for $1.56 billion Spanish telecommunications operator Telefonica has received several offers to acquire a stake in its infrastructure subsidiary Telxius, according to a statement filed with Spanish market regulator CNMV. The telco said...

Telefonica creates new firm to manage infrastructure

Telxius will initially manage 15,000 towers Spanish telecom operator Telefonica has created a new company called Telxius, which will manage certain infrastructure assets of the group. The establishment of the new global company is part of the optimization strategy for the company's asset portfolio. In the first...