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Torres Unidas Announces Acquisition of Chilean Tower PortfolioSANTIAGO, Chile --(Business Wire)-- Torres Unidas, a leading independent owner and operator of communication towers in South America, today announced that it has acquired a portfolio of over 400 wireless towers in Chile from Telefónica (News - Alert) Moviles S.A. Terms of the transaction were not disclosed. Torres Unidas actively seeks to build its wireless tower portfolio in South America, with a particular focus on the Andean region, by acquiring new towers and constructing new sites. Earlier this year, the company acquired 350 tower sites in Peru. In addition, the company constructs and operates wireless infrastructure through build-to-suit agreements with leading carriers in the region. "Our goal is to partner with wireless carriers, providing critical infrastructure solutions that allow carriers to deploy their networks on an accelerated basis, while minimizing visual and environmental impact," said Daniel Seiner, CEO of Torres Unidas Management Co. "We are excited to build upon our existing footprint with such a strategic portfolio of towers." About Torres Unidas About Berkshire Partners LLC Berkshire Partners, the Boston-based investment firm, has invested in over 100 middle market companies since 1986 through eight investment funds with aggregate capital commitments of over $11 billion. Berkshire has developed specific industry experience in several areas including communications, consumer products and retail, business services, industrial manufacturing and transportation. Berkshire's current communications investments include Tower Development Corporation (TDC) and The Telx Group. Berkshire has a strong history of partnering with management teams to grow the companies in which we invest with the goal of consistently achieving superior investment returns. The firm seeks to invest $50 million to $500 million of equity capital in each portfolio company. For additional information, visit www.berkshirepartners.com.
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