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Axtel SAB de CV Announces Signing of Tower Sale Agreement with American Tower Corp's MATC Digital, S. de R.L. de C.V.


Thursday, 24 Jan 2013 09:16pm EST 

Axtel SAB de CV announced the signing of definitive agreements with MATC Digital, S. de R.L. de C.V., a subsidiary of American Tower Corp, for the sale of 883 telecommunication sites for approximately USD250 million. As previously informed, AXTEL is agreeing to lease back space on these telecommunication sites from American Tower for initial minimum lease terms ranging from 6 to 15 years depending on the technology installation at each site. The closing of this transaction is conditioned upon and expected to occur concurrently with the closing of the Exchange Offers on January 31, 2013.