SBA to acquire 2,600 Brazilian cell sites from Grupo TorreSur for USD725m

3 Aug 2022

Boca Raton-based SBA Communications Corporation has agreed to acquire 2,600 Brazilian cell sites from Grupo TorreSur (GTS) for a total consideration of USD725 million. The deal is expected to close during the fourth quarter of 2022.

Further to the GTS deal, SBA says it is also under contract to purchase approximately 200 communication sites for an aggregate consideration of USD85.0 million in cash; the seller of these assets has not been named.

During the second quarter of 2022, meanwhile, SBA acquired 210 communication sites and one data centre in Brazil for total cash consideration of USD127.3 million.

As of 30 June 2022 SBA owned or operated 36,297 communication sites, 17,395 of which are located in the US and its territories and 18,902 of which are located internationally.

Brazil, Grupo TorreSur, SBA Communications