ATIS Group to acquire Lati Paraguay from Millicom, terms not disclosed

ATIS Group has entered into a definitive agreement, signed on April 26, with Millicom (TIGO) to acquire Lati Paraguay, a subsidiary owning approximately 300 wireless communications towers in Paraguay. The company said, “This transaction marks another milestone in ATIS’s strategic expansion across the Southern Cone, reinforcing its position as the region’s premier independent tower company.” As part of the agreement, ATIS and Tigo Paraguay have also entered into a long-term leaseback arrangement, under which ATIS will lease tower infrastructure to Tigo Paraguay to continue supporting its mobile network operations. The final number of towers covered under the leaseback will be determined at the time of closing, which is expected to take place in the near term.