Highline do Brasil has closed its acquisition of 79 cell sites from regional operator Algar Telecom.
It means that the Brazilian telco infrastructure firm now has a total of 6,000 telco towers across the country.
Comms Update notes that the company has added 478 new cell sites this year alone, with the acquisition of these assets a key part of the firm's growth plans.
"With the deal, we are taking another step on our path of expansion, both organically and through acquisitions," said Fernando Viotti, CEO of Highline.
The acquisition of the cell sites from Algar was approved by the Administrative Council for Economic Defence (Conselho Administrativo de Defesa Economica, CADE). Algar is backed by Vogel Telecom, with NK 108, an investment vehicle of Highline, pushing through the deal.
Highline specializes in the development of custom-designed infrastructure solutions, including towers, rooftops, indoor, and green cells & small sites.