Viva sells 600 cell towers to Phoenix Tower for US$100m

摘要

Trilogy International Partners (TIP) has announced that its Bolivian subsidiary, NuevaTel (trading as Viva), has entered into a definitive agreement to sell approximately 600 cell towers to a Bolivian subsidiary of Phoenix Tower International (PTI). As a result of the transaction, NuevaTel anticipates that it will receive approximately US$100 million in cash. Additionally, the two companies have entered into a multi-year agreement whereby PTI will provide the cellco with access to certain wireless communication towers to support its network rollout plans. The transaction will close in stages after all relevant conditions have been satisfied. The first closings are expected to take place in mid-February and are expected to include approximately 400 towers and result in a cash consideration of approximately US$65 million.