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Millicom (Tigo) and SBA Communications agree to long-term partnership in Central America
Oct 28, 2024•over 1 year ago
Contract Type
partnership
Luxembourg CityHardwareMobileTelecommunicationsDescription
Millicom International Cellular S.A. and SBA Communications Corporation have entered into a long-term partnership agreement in Central America. The agreement involves the sale and leaseback of a tower portfolio of approximately 7,000 towers in several Central American countries for a total consideration of approximately $975 million, along with a build-to-suit agreement for up to 2,500 additional sites to further solidify the partnership.
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Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months