By Jeffrey Yorke
Long the “Land of Opportunity,” America has been the destination for people looking to expand their horizons, beef up their bank accounts, and better their lives. But there may be some opportunities left, south of the border. A slew of American tower companies are discovering the charms of Latin America.
“We have more than 250 assets in Guatemala, 350 in Nicaragua and over 1,000 altogether, all home-grown built with nothing acquired through acquisitions,” Maria Scotti, CEO of Torrecom Partners LLC, said proudly during the opening minutes of the “Tower Strategies in Latin America” session at the Tower Summit in Las Vegas.
Scotti talked about Latin America and the Caribbean with the excitement of a successful 1849 gold rusher skipping over the hills of San Francisco. Noting the devil is in the details of contracting with land owners and carriers, she was optimistic about the near future. “AT&T has finally started advertising, [cellular] plans are reducing. Everyone is fighting for the consumer—trying to get four or five thousand sites rationalized before everyone really gets going.” Continue reading here.