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| [December 21, 2012] |
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Torres Unidas Announces Acquisition of Chilean Tower Portfolio
SANTIAGO, Chile --(Business Wire)--
Torres Unidas, a leading independent owner and operator of communication
towers in South America, today announced that it has acquired a
portfolio of over 400 wireless towers in Chile from Telefónica (News - Alert) Moviles
S.A. Terms of the transaction were not disclosed.
Torres Unidas actively seeks to build its wireless tower portfolio in
South America, with a particular focus on the Andean region, by
acquiring new towers and constructing new sites. Earlier this year, the
company acquired 350 tower sites in Peru. In addition, the company
constructs and operates wireless infrastructure through build-to-suit
agreements with leading carriers in the region.
"Our goal is to partner with wireless carriers, providing critical
infrastructure solutions that allow carriers to deploy their networks on
an accelerated basis, while minimizing visual and environmental impact,"
said Daniel Seiner, CEO of Torres Unidas Management Co. "We are excited
to build upon our existing footprint with such a strategic portfolio of
towers."
About Torres Unidas
Torres Unidas is a leading independent owner and operator of
communication towers in South America. The company leases space on its
towers to telecommunication carriers and other wireless technology
operators and allows multiple operators to collocate on a single tower,
helping carriers to expand their network rapidly while reducing the need
for additional towers in the same location. With the goal of being a
socially and environmentally responsible partner, Torres Unidas works
together with carriers and local communities to contribute to the
development of the telecommunications sector in South America. Torres
Unidas is a portfolio company of Berkshire Partners LLC. For additional
information, visit www.torresunidas.com.
About Berkshire Partners LLC
Berkshire Partners, the Boston-based investment firm, has invested in
over 100 middle market companies since 1986 through eight investment
funds with aggregate capital commitments of over $11 billion. Berkshire
has developed specific industry experience in several areas including
communications, consumer products and retail, business services,
industrial manufacturing and transportation. Berkshire's current
communications investments include Tower Development Corporation (TDC)
and The Telx Group. Berkshire has a strong history of partnering with
management teams to grow the companies in which we invest with the goal
of consistently achieving superior investment returns. The firm seeks to
invest $50 million to $500 million of equity capital in each portfolio
company. For additional information, visit www.berkshirepartners.com.
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