SBA Communications to enter South Africa with planned Atlas Towers SA acquisition

Long-only active in the Americas, SBA Communications enters Africa by acquiring the continent’s
fastest-growing towerco.

Earlier this month, SBA Communications announced it intended to exercise and close its option to
acquire all but 6% of Atlas Towers SA, co-founded by Nate Foster and Randi Clendennen. SBA
Communication has made a total investment of US$140mn to acquire 94% of the South African
towerco. Atlas SA is expected to generate annual revenues…

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