American Tower Corporation’s $500 Million Acquisition of KIO Networks

Citigroup acted as American Tower’s exclusive financial adviser and Kilpatrick Townsend & Stockton and Holland & Knight as its legal advisers. Barclays acted as financial advisor for KIO Networks, with Santander providing valuation services. Gonzalez Calvillo S.C. acted as legal advisor.

American Tower Corporation (NYSE: AMT) and KIO Networks announced today the closing of American Tower’s acquisition of KIO Networks’ subsidiary, which holds more than 50,000 concrete poles and approximately 2,100 route miles of fiber, primarily located in Mexico’s key urban centers. The total cash consideration for the transaction is approximately $500 million, subject to customary working capital adjustments.American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 149,000 communications sites.

KIO Networks is Mexico’s leading IT infrastructure service provider, offering a suite of customized services, specializing in managed IT infrastructure service solutions, colocation and cloud computing offerings. Headquartered in Mexico City, KIO’s infrastructure network comprises data centers located across technology campuses in Mexico, Central America and Spain.

Kilpatrick Townsend & Stockton advised American Tower Corporation with Richard Cicchillo Jr.

In Mexico, Holland & Knight advised American Tower Corporation with Boris Otto, Adrián Cabrero and Aldo González Melo.

González Calvillo, S.C. advised KIO Networks with José Víctor Torres Gómez, José Ignacio Rivero Andere, Luis Mancera de Arrigunaga, Daniel Guaida Azar, Juan Carlos Peraza López, Rosa Elena Coto García and Jorge Ricardo Cortez Hultsch.

 

Involved fees earner: José Víctor Torres – Gonzalez Calvillo Abogados; José Ignacio Rivero Andere – Gonzalez Calvillo Abogados; Boris Otto – Holland & Knight; Adrián Cabrero – Holland & Knight; Aldo González – Holland & Knight; Richard Cicchillo – Kilpatrick Townsend & Stockton;

Law Firms: Gonzalez Calvillo Abogados; Holland & Knight; Kilpatrick Townsend & Stockton;

Clients: American Tower; KIO Networks;

 

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Author: Ambrogio Visconti