American Tower’s US$500 million purchase of optic fiber in Mexico, almost complete

American Tower’s US$500 million purchase of optic fiber in Mexico, almost complete

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American Tower is now close to completing the acquisition of the communications infrastructure for Mexican KIO Networks Corporation, in an agreement valued at roughly US$500 million. The agreement would give American Tower over 4,200 kilometers of optic fiber lines, which increases its capacity to handle the growing demand for data, as the users of mobile telephones watch more video.

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