Unveiling an intriguing alliance, Liberty Latin America plans to sell 1,300 mobile tower sites to Phoenix Tower International for $407 million, paving a strategic path toward debt reduction and further enterprise investment. This comprehensive deal, incorporating markets from Panama to Puerto Rico, uniquely positions PTI in the telecom landscape and underscores Liberty Latin America’s focus on mergers and acquisitions to amplify its regional impact.
Telefonica teams up with Nokia in a bold move to investigate the application of private mobile networks within Latin American businesses. They aim to foster digital transformation across “promising industries”, including ports, energy, mining, and manufacturing. Despite 5G’s infancy in the region, Ericsson’s recent report suggests a promising future, predicting 5G will constitute 42% of all mobile subscriptions by 2028. Meanwhile, Nokia’s data reveals that a whopping 80% of companies implementing their industrial-grade private wireless solutions expect a positive return on investment within six months.
Ufinet, one of the leading international telecom operators in Latin America and a provider of fibre infrastructure and transmission services, has acquired a majority stake in the Brazilian wholesale carrier Netell Telecom, which offers connectivity services to local and international enterprises, network operators and service providers. With Netell’s network coverage in the metropolitan area of Sao Paulo and a broader regional reach, Ufinet will be able to better serve its global customers in Latin America. Inigo Garcia del Cerro Prieto, Chief Executive Office of Ufinet Telecom, said, “This transaction represents an important milestone for our group. Netell has always delivered an impressive service, with great human resources and long experience in the market, which makes it a perfect match for us. This will definitely leverage our growth in Latin America.” The companies signed the agreement during the International Telecommunications Week (ITW), thus allowing Ufinet to enter the Brazilian…
