American Tower’s $722 Million accquisition of 3,000 towers from Entel

DLA Piper, Rodrigo, Elías & Medrano and Claro & Cia. advised on the deal

American Tower executed the acquisition of 3,242 Entel towers in Chile and Peru.

The transaction totaled $772 Million. The deal includes 10-year renewable leases of those same assets for the continued used of Entel and its subsidiaries.

American Tower Corporation is a real estate investment trust that owns, operates, and develops wireless communications and broadcast towers in the United States. The Company, led by James D Taiclet Jr, Thomas A Bartlett and Edmund Disanto leases antennae sites on multi-tenant towers for a diverse range of wireless communications industries, including personal communications services, paging, and cellular and in 2018 recorded $7.440 billion revenues.

In Perù, DLA Piper advised American Tower Corporation with Luis Vargas (Picture), Jorge Collantes, Roberto Berendson and Mariajosé Salazar.

In Chile, DLA Piper advised American Tower Corporation with Marco Salgado, Teresa Fernández, Diego Peña Diez, Paulina Farías Castro and Ignacio Quezada.

Rodrigo, Elías & Medrano advised Entel Perú S.A. with Jean Paul Chabaneix, Fernando Molina, Jorge Trelles Castro-Mendívil and Alexandra Arizmendi.

Claro & Cia. advised Entel Chile with Felipe Larraín.

Involved fees earner: Felipe Larraín – Claro y Cia; Roberto Berendson – DLA Piper – Pizarro, Botto & Escobar; Jorge Collantes – DLA Piper – Pizarro, Botto & Escobar; Mariajosé Salazar – DLA Piper – Pizarro, Botto & Escobar; Luis Vargas – DLA Piper – Pizarro, Botto & Escobar; Paulina Farías – DLA Piper Chile; Teresa Fernández – DLA Piper Chile; Diego Peña – DLA Piper Chile; Ignacio Quezada – DLA Piper Chile; Marco Salgado – DLA Piper Chile; Alexandra Arizmendi – Rodrigo, Elías & Medrano Abogados; Jean Paul Chabaneix – Rodrigo, Elías & Medrano Abogados; Fernando Molina – Rodrigo, Elías & Medrano Abogados; Jorge Trelles – Rodrigo, Elías & Medrano Abogados;

Law Firms: Claro y Cia; DLA Piper – Pizarro, Botto & Escobar; DLA Piper Chile; Rodrigo, Elías & Medrano Abogados;

Clients: American Tower; Empresa Nacional de Telecomunicaciones S.A.;

Author: Ambrogio Visconti.