Terra Towers Corporation filed a lawsuit against American Tower International in a Miami-Dade court on Tuesday, accusing them of breaching a $1 billion acquisition and development deal across numerous Latin American markets, collectively known as Project Codu.
Terra and Terra TBS own the majority of shares in Continental Towers, which owns and operates cell phone towers primarily in Central America, Peru and Colombia. Beginning late in 2017 and throughout 2018, Terra and American Tower negotiated the proposed acquisition of the towers owned by Continental Towers and DTH, an affiliate of Terra. Continue Reading |
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