Oi SA strikes USD645m deal to sell mobile towers to SBA

6 Dec 2013

Brazil’s Oi SA has struck a deal to sell at least two thousand mobile towers to US-based tower network operator SBA Communications for around USD645 million. The deal will also see the Brazilian telco entering into a long-term leasing agreement with SBA for the use of antenna space on each site. It is understood that the sites in question currently number 1.6 tenants per location – including Oi SA – and include standing leasing agreements with all of Brazil’s leading wireless operators. The deal follows a similar agreement struck in November this year with Oi SA for rights to use 2,113 of its sites in the country. Upon completion of the transaction, the US tower firm will own more than 5,000 sites across Brazil.

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