American Tower (AMT) Reports Sale of Passive Tower Infrastructure for $182 Million
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American Tower Corporation (NYSE: AMT) and Millicom International Cellular S.A. today announced that Millicom’s subsidiary, Colombia Móvil has agreed to sell up to 2,126 towers to a to-be-formed Colombian subsidiary of American Tower for $182 million in cash. Through a Millicom subsidiary, Millicom and Colombia Móvil’s other shareholders will have an option to acquire an indirect, substantial minority equity interest in ATC Infraco.
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