Millicom, SBA Communications Agree To Long-term Partnership In Central America
Portfolio Pulse from Benzinga Newsdesk
Millicom has entered into a long-term partnership with SBA Communications, involving the sale and leaseback of approximately 7,000 towers in Central America for $975 million, with potential additional earnings based on performance. SBA will also build up to 2,500 new sites.
October 28, 2024 | 8:03 pm
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SBA Communications has entered a significant partnership with Millicom, acquiring a portfolio of 7,000 towers in Central America for $975 million, with potential additional earnings. This deal includes a build-to-suit agreement for 2,500 new sites.
The acquisition of 7,000 towers and the agreement to build 2,500 new sites significantly expands SBA's presence in Central America, likely boosting revenue and growth prospects.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Millicom, operating under the TIGO brand, has agreed to sell and leaseback 7,000 towers in Central America to SBA Communications for $975 million, with potential additional earnings. This deal includes a build-to-suit agreement for 2,500 new sites.
The sale and leaseback deal provides Millicom with significant capital, potentially improving its financial position and allowing for strategic reinvestment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90