SBA Communications Corporation acquired Oi S.A. tower rights - 2,113 towers (Brazil) for $317.0 million, a transaction completed in November 2013, structured as all cash.
Oi S.A. tower rights - 2,113 towers (Brazil) operates in Wireless towers - Brazil, is based in Brazil. On November 26, 2013 SBA acquired the exclusive rights to use 2,113 towers in Brazil from Oi S.A., one of Brazil's largest telecom providers. The land underneath these towers sits on a Brazilian federal concession that expires in 2025.
Deepened SBA's Brazilian footprint with a large tower-rights portfolio leased to a major carrier tenant.
Advisory firms were not disclosed for this transaction.