BOCA RATON, Fla., Dec. 14, 2017 /PRNewswire/ -- Andean Tower
Partners ("ATP"), an owner and operator of wireless communication
infrastructure in the Andean Region, today announced the
acquisition of Torres Unidas ("TU") from Berkshire Partners. This
acquisition adds 1,644 sites to ATP's portfolio of digital
communication infrastructure assets, making it the largest
privately-owned tower company in the Andean Region. ATP now owns
over 2,150 sites, and manages more than 32,000 master leased sites
and 13 small cell networks deployments. Financial terms of the
private transaction were not disclosed.
Torres Unidas Chief Executive Officer Daniel Seiner will become the CEO of the
combined company and Estrella
Zaharia will continue with her responsibilities as Chief
Marketing Officer. Founded by Digital Bridge in 2015, ATP owns,
operates and manages telecommunications towers, rooftops, small
cells and distributed antenna systems solutions for mobile
operators.
"We are excited about the continued progress of ATP following
our successful institutional capital raise earlier this year," said
Marc Ganzi, Chairman of ATP, and
Founder and CEO of Digital Bridge Holdings. "We see a significant
tower deficit in the Andean Region, and this acquisition will
enhance ATP's ability to meet an increasing need for telecom
infrastructure as our wireless carrier partners continue to densify
their networks to keep up with anticipated data consumption in the
region. We are also equally excited about the combination of these
two management teams to ensure execution of our business plan and
most importantly meeting the coverage objectives of our customers
in the region."
"The combined portfolio will give Andean Tower Partners an
enhanced footprint in the region, and we are eager to continue to
help operators densify their 4G networks and bring the dream of 5G
to life in our region," said Seiner. "These are exceptionally
high-quality assets and locations that will allow us to offer an
even more compelling value proposition to carriers as they look for
a preferred partner that can deliver a full suite of solutions to
support their growth in the region."
Equity financing for the transaction was provided by ISA, The
Olayan Group, Equity International, and TC Latin America Partners,
who collectively committed $230
million earlier this year, and followed on with additional
commitments to support the acquisition. In addition to the existing
investor group, Colony NorthStar (NYSE: CLNS) also committed to the
transaction in partnership with Digital Bridge Holdings.
Scotiabank was lead arranger and bookrunner for the financing
and acted as ATP's financial advisor. Linklaters LLP provided
legal counsel to ATP.
About Andean Tower Partners
ATP is a privately-owned provider of wireless communication
infrastructure in the Andean Region. The company owns, operates and
manages telecommunications towers, rooftops, and site locations.
ATP was founded in 2015 by Digital Bridge executive team with a
two-decade proven track record in the telecommunications
infrastructure sector.
About Digital Bridge Holdings, LLC
Founded in 2013 by Marc C. Ganzi
and Ben Jenkins, Digital Bridge is
focused on the ownership, investment, and active management of
companies in the mobile and internet infrastructure sector. Since
inception, Digital Bridge has raised over $7.5B USD of equity and debt capital used to
acquire and invest in all three core pillars (data centers, towers
and fiber/small cells) of mobile and internet infrastructure
through six businesses, including Vantage Data Centers, DataBank,
ExteNet Systems, Vertical Bridge, Andean Tower Partners, and Mexico
Tower Partners. For more information, please visit
www.digitalbridgellc.com.
View original content with
multimedia:http://www.prnewswire.com/news-releases/andean-tower-partners-announces-the-acquisition-of-torres-unidas-300571376.html
SOURCE Andean Tower Partners