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American tower to purchase Brazil's BR Towers

  • BR Towers S.A. owns about 2,530 towers and the exclusive rights to another 2,110, and American Towers (AMT) is buying for about $978M.
  • The towers are expected to generate about $131M in annual revenue and roughly $81M in annual gross margin. The deal is expected to be immediately accretive to adjusted FFO upon closing (anticipated in Q4).
  • Source: Press Release
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