Millicom and SBA form $975m Central American tower partnership.

Millicom (Tigo) and SBA Communications have formed a long-term partnership, involving the sale and leaseback of approximately 7,000 towers in Central America for about $975 million. The agreement also includes plans for SBA to build up to 2,500 additional sites. This deal aims to enhance Millicom's position as the leading mobile operator and SBA's status as a top tower company in the region. The transaction is pending regulatory approval and expected to close in mid-2025.

October 28, 2024
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