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January 24, 2026
SBA Communications to Form Long-Term Partnership With Millicom in Central America

1 min
AI-made summary
- SBA Communications Corporation is acquiring and leasing back approximately 7,000 wireless towers from Millicom International Cellular S.A
- in Central America for about $975 million
- The companies will also enter a build-to-suit agreement for up to 2,500 additional sites
- The transaction is expected to close in mid-2025, pending customary closing conditions and regulatory approvals
- Paul, Weiss is advising SBA Communications, with a team led by several partners and counsel across multiple practice areas.
Paul, Weiss is advising SBA Communications Corporation, a leading independent owner and operator of wireless communications infrastructure, in an approximately $975 million transaction under which Millicom International Cellular S.A. will sell to SBA and lease back a portfolio of approximately 7,000 towers across Central America. Additionally, the companies will enter into a build-to-suit agreement under which SBA will build up to 2,500 additional sites to further solidify the partnership. The deal is expected to close in mid-2025, subject to customary closing conditions and regulatory approvals.
The Paul, Weiss team is led by partners Michael Vogel and Salvatore Gogliormella and includes, among others, corporate partners Maria-Leticia Ossa-Daza and Matthew Benedetto; tax partner Brian Krause and counsel Christina Cerrito; litigation partner Mark Mendelsohn and counsel Benjamin Klein; executive compensation counsel Bruce Goldberger and Sasha Belinkie; environmental counsel William O’Brien; intellectual property counsel Brianna van Kan; and real estate counsel Ruobing Chen.
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