American Tower Corporation Announces Launch of Operations in Peru
finance.yahoo.com
August 9, 2010
BOSTON--(BUSINESS WIRE)--American Tower Corporation’s (NYSE: AMT) Peruvian subsidiary, ATC Sitios del Peru S.R.L., today announced that it has launched operations in Peru, where it recently entered into agreements to purchase up to 468 wireless communication tower sites from Telefónica del Peru S.A.A. The Company has purchased 131 of these tower sites, on which Telefónica del Peru S.A.A. is the anchor tenant, and expects to close on the remaining sites by the end of 2010, subject to customary closing conditions.
“Building on the momentum of our recent expansion into Chile, we are excited to announce today our launch of operations in Peru,” said Jim Taiclet, Chairman, President and Chief Executive Officer. “Peru further extends our presence into yet another competitive Latin American wireless market where our existing customers currently operate. Meanwhile, our development teams will continue to evaluate future opportunities for growth and expansion within the region.” |
