US-based American Tower has reportedly entered into a definitive agreement to acquire around 2,500 towers from Pegaso PCS, the Mexican subsidiary of Spanish telecoms giant Telefonica, for up to USD500 million. According to Cellular News, American Tower expects to acquire the bulk of the towers before the end of this year, subject to the deal receiving regulatory approval
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OVETEL American Tower to buy 2,500 Mexican towers from Telefonica subsidiary
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