Boca Raton, FL (PRWEB)
February 24, 2017
ISA has consummated an agreement to invest up to USD$80 million in Andean Tower Partners (“ATP”) for the development of telecommunications infrastructure in Colombia and Peru. ATP owns, operates, and manages passive telecommunications infrastructure in Colombia and Peru, with plans to expand into the Andean Region. Its business is to operate and manage towers and sites for mobile operator infrastructure deployment including new technologies like small cells and DAS (distributed antenna systems) to help meet mobile connectivity growing demand.
With this investment into ATP, ISA increases its presence in the telecommunications infrastructure segment which is projected to grow substantially in the coming years in Colombia and Peru. This growth is due to the increasing demand for connectivity, particularly mobile data, in these countries and globally.
For the development of this business, ISA will partner with Digital Bridge, a North American company with an extensive proven track in the infrastructure sector in the United States, Mexico and Colombia. ISA will have a stake of 48% in ATP.
From a strategic standpoint, this investment is complementary to ISA Group’s already existing infrastructure, enabling it to diversify its business portfolio and leverage INTERNEXA’s (an ISA subsidiary) unique network elements to provide increased capacity and bandwidth services.
Bernardo Vargas Gibsone, CEO of ISA, commented “the participation in this new business, complementary to the infrastructure developed and managed by ISA, is important for us, since it allows us to participate in an industry with strong growth potential, with the right partner who has as outstanding experience and know-how as Digital Bridge. At the same time, this will enable us to leverage our strategy in a profitable way.”
Marc C. Ganzi,…