American Tower agreed to buy Brazilian tower company...

American Tower agreed to buy Brazilian tower company BR Towers for the equivalent of $978 million. BR Towers owns 2,530 towers and has exclusive use rights on an additional 2,110, American Tower said in a news release Sunday. The additional towers gained through the deal will generate the equivalent of $131 million in annual revenue, American Tower said. The deal is set to close in Q4, following regulatory reviews (http://bit.ly/1qXcogp). In October, American Tower bought MIP Tower Holdings, parent of Global Tower Partners (CD Oct 3 p8).