American Tower enters Argentina with an undisclosed assets buy

In Daily News Briefs by Wireless Estimator

According to a Securities and Exchange Commission filing on Nov. 9, 2016, American Tower Corporation entered into an agreement to acquire a portfolio of urban telecommunications assets in Argentina, including wireless sites, equipment and fiber assets located on utility infrastructure as well as a number of indoor wireless sites.

The Company expects to commence its business in Argentina with this transaction, which it anticipates will close during the fourth quarter of 2016, subject to customary closing conditions and regulatory approvals.

The company’s name and specific assets were not identified. American Tower did reply to a request for additional information regarding the agreement.

Three mobile companies compete in the market, with América Móvil’s Claro being the market leader with about a third of the country’s subscribers, followed by Telecom Personal and Telefónica’s Movistar.