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American Tower Acquires Telxius in $9.4B Deal

The REIT expects its new assets will generate approximately $775 million in property revenue.

As of late, scores of companies are investing billions of dollars in the next wave of fifth-generation coverage. This 5G standard promises to speed data flow to mobile and other wireless devices such as personal computers, cars and industrial machinery.

The latest deal underscores that frenzy as American Tower Corp. entered into definitive agreements this week with Telefónica SA, under which it will acquire Telxius Towers for $9.4 billion. This comprises approximately 31,000 existing communications sites in Germany, Spain, Brazil, Chile, Peru and Argentina. In addition, American Tower expects to spend approximately $500 million to construct a committed pipeline of approximately 3,300 new sites in Germany and Brazil through 2025.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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