Slaughter and May advised American Tower Corporation, one of the largest global REITs, on its definitive agreement to acquire Eaton Towers Holding Limited (“Eaton Towers”), which owns and operates approximately 5,500 communications sites across five African markets.
As a result of the transaction, American Tower also expects to accelerate its new build activity across the region due to expanded relationships with multiple key tenants. The total consideration for the transaction, including the assumption of existing Eaton Towers debt, is approximately $1.85 billion, subject to customary closing adjustments.
Slaughter and May is working as an integrated team with Paul, Weiss, Rifkind, Wharton and Garrison LLP (Bruce Gutenplan and David Harris) and supporting Ruth Dowling (General Counsel, LatAm and EMEA) and Amy Alter (General Counsel, EMEA) of American Tower.
The Slaughter and May team Corporate partner Richard Smith (Picture), Dennis Mok (Associate), Mollie Whitehall (Associate); Tax: Gareth Miles (Partner), Sarah Osprey (Associate); Pensions and employment: Simon Clark (Associate).
Involved fees earner: Simon Clark – Slaughter and May; Gareth Miles – Slaughter and May; Dennis Mok – Slaughter and May; Sarah Osprey – Slaughter and May; Richard Smith – Slaughter and May; Mollie Whitehall – Slaughter and May;
Law Firms: Slaughter and May;
Clients: American Tower;