Axtel signs tower sales as tender take-up hits 65%

Mexican telecoms company Axtel has signed the $250m sale of 883 towers to the American Tower Corporation as it carries out a recapitalisation plan announced in mid-2012.

  • 28 Jan 2013
Axtel could confirm the deal after 65% of bondholders of its 2017 and 2019 notes agreed to the terms of the company’s exchange offer. The tower sale, which will be used to finance the cash element of the exchange, was contingent on the approval of at least ...

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