P2 Brasil Creates a Company to Build and Rent Cellphone Towers (Latin America)

Source: Valor International  |  Author: Talita Moreira

P2 Brasil, an infrastructure fund managed by Brazilian private equity firm Pátria Investimentos and engineering company Promon Engenharia, has invested BRL300 million (approximately US$142 million) to create Highline, a company that will manage wireless telecommunications towers in Brazil. Highline will build the towers under orders from carriers, renting the towers through long-term contracts. Following the creation of Highline, P2 Brasil has reportedly committed 80 percent of its US$1.15 billion corpus.