America Movil (AM) has confirmed that the shares of its tower unit Sitios Latinoamerica (SITES Latam) were listed were listed on the Mexican Stock Exchange (Bolsa Mexicana de Valores) from 29 September. The shares have been listed independently from the group’s shares, using the ticker symbol ‘LASITE’. Shares have been priced at MXN16.51 (USD0.82) apiece, with a total of 3.189 billion shares on offer. AM’s shareholders will receive one Sitios Latinoamerica share for every twenty AM shares they own.
The towerco has an initial inventory of 30,700 towers on an aggregate basis, 11,600 of which are in Brazil. SITES Latam also operates towers in Argentina, Chile, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Paraguay, Peru, Puerto Rico and Uruguay.