TIM Brasil looking to sell telecoms towers

16 Apr 2014

The Wall Street Journal reports that the board of Brazil carrier TIM Participacoes (TIM Brasil), the local unit of Telecom Italia (TI), has authorised the company to start evaluating the sale of its telecommunications towers in the country, as part of a bid to improve efficiency and ‘create value’ for its assets there. However, TIM Brasil stopped short of providing detail on the exact number of towers it intends to offload or indeed, the likely sums involved in any deal. TIM Brasil is not the first Brazilian operator to re-evaluate its tower portfolio – no longer seen as necessarily core to an operator’s business. In 2013, rival Oi SA struck a deal to lease 2,113 telecom towers to SBA Torres Brasil, a unit of SBA Communications Corporation, for BRL686.73 million (USD311 million), while Telefonica Brasil has also sold some of its telecom towers, as part of efforts to reduce debt and free-up capital for network investment.

Brazil, TIM Brasil