Andean Tower Partners (ATP) has acquired Torres Unidas from Berkshire Partners for an undisclosed sum. The acquisition adds 1,644 sites to ATP's portfolio of digital communication infrastructure assets to ATP, which now has over 2,150 sites, and manages more than 32,000 master leased sites and 13 small cell networks deployments in Colombia, Peru, and Chile.
The former CEO of Torres Unidas, Daniel Seiner, will become the CEO of the combined company and Estrella Zaharia will continue with her responsibilities as Chief Marketing Officer.
ATP said it is now the largest privately-owned tower company in the Andean Region.
"We are excited about the continued progress of ATP following our successful institutional capital raise earlier this year," said Marc Ganzi, Chairman of ATP, and Founder and CEO of Digital Bridge Holdings. "We see a significant tower deficit in the Andean Region, and this acquisition will enhance ATP's ability to meet an increasing need for telecom infrastructure as our wireless carrier partners continue to densify their networks to keep up with anticipated data consumption in the region. We are also equally excited about the combination of these two management teams to ensure execution of our business plan and most importantly meeting the coverage objectives of our customers in the region."
"The combined portfolio will give Andean Tower Partners an enhanced footprint in the region, and we are eager to continue to help operators densify their 4G networks and bring the dream of 5G to life in our region," said Seiner. "These are exceptionally high-quality assets and locations that will allow us to offer an even more compelling value proposition to carriers as they look for a preferred partner that can deliver a full suite of solutions to support their growth in the region."
