AT&T close to Telesites tower deal

15 Jun 2015

AT&T Inc is working on a deal to rent Mexican cell towers from Telesites, the recently spun-off America Movil (AM) unit, Bloomberg reports, citing people familiar with the matter. The development follows AT&T’s dual acquisition of Mexican mobile firms Iusacell and Nextel Mexico. Telesites’ assets include some 10,800 towers previously belonging to market leader Telcel, which claimed a 69.6% market share as at 31 March 2015. AT&T spokesman Fletcher Cook is quted as saying: ‘As we assess our options, we expect fair pricing, an expedited process, and efficient access similar to other tower companies.’

As previously reported by TeleGeography’s CommsUpdate, in April this year AM announced that 98.2% of its shareholders voted in favour of the spin-off plan, which represents part of a restructuring programme that the Carlos Slim-backed company devised last year in response to strict regulations designed to curb its market dominance.

The Telesites spin-off created Latin America’s second-largest wholesale supplier of tower space, after American Tower Corp, Bloomberg claims.