Latin America Telecom Tower Industry Overview
The Latin American telecommunication tower market is fragmented, with the presence of major players like American Towers and Phoenix Towers International. Players in the market are adopting strategies such as partnerships, agreements, innovations, and acquisitions to enhance their service offerings and gain sustainable competitive advantage.
- November 2023: Liberty Latin America Ltd announced an agreement with Phoenix Tower International to monetize around 1,300 mobile tower sites spanning Panama, Jamaica, The Bahamas, Puerto Rico, Barbados, and the British Virgin Islands. This deal also includes plans to enhance coverage, with Liberty Latin America and PTI jointly constructing an additional 500 sites over the next five years. With these combined efforts, the total proceeds are set to reach USD 407 million. The net proceeds from this transaction are earmarked for debt reduction and strategic investments in Liberty Latin America's ventures.
- January 2024: KKR bolstered its Latin American digital infrastructure presence by acquiring approximately 1,100 wireless towers from Tigo Colombia. This move not only expanded KKR's global infrastructure fund but also underscored its strategic focus on the region. The deal involved Tigo Colombia entrusting the towers to KKR's Global Infrastructure Investors IV.
Latin America Telecom Tower Market Leaders
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American Tower Corp
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SBA Communications Corporation
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Phoenix Tower International, LLC
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IHS Towers
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América Móvil, S.A.B. de C.V.
- *Disclaimer: Major Players sorted in no particular order
