Monday, April 29, 2024

Sites earned US$28 million in the first quarter and added 1,040 towers in a year

The tower arm of América Móvil maintained its tower lease ratio at a level of 1.21, similar to the previous quarter. The loss of agreements in Brazil and Panama was offset by new agreements in other countries in the region.

During the first quarter of 2024, Sites, the tower arm of América Móvil, continued to expand its operations across its 16 subsidiaries, reporting a total portfolio of 35,380 telecommunication towers, "thus consolidating our position as one of the largest companies in the sector in Latin America", the firm said in a statement.

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