Deals
American Tower Nears $500 Million Deal With Mexican Billionaire Beer Scion
- Telecom giant is said to outbid more than a dozen rivals
- KIO selling some assets acquired in leveraged buyout of RedIT
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American Tower Corp. is close to an agreement to acquire communications infrastructure from Mexican company KIO Networks in a deal valued at about $500 million, according to people with knowledge of the matter.
American Tower outbid more than a dozen potential buyers, said one of the people, who asked not to be identified because the information is private. While talks are advanced and a deal could be reached as soon as this week, the discussions are ongoing and talks could still fall apart, one of the people said.