Sitios Latinoamérica, S.A.B. de C.V.
SLAAF
Other OTC0.15
USD
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Sitios Latinoamérica, S.A.B. de C.V.
SLAAF
(Other OTC)
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0.15
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ROIC.AI
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- Business
- Sitios Latinoamérica, S.A.B. de C.V. (SLAAF) owns and operates a portfolio of telecommunications towers and passive infrastructure across Latin America, providing construction, installation, maintenance, operation, and leasing services for wireless connectivity to radiocommunications operators. The company offers core products and services including telecommunications towers and support structures; physical spaces for antenna installation; non-electronic passive infrastructure elements such as civil engineering works, conduits, access controls, and site accessories; customized tower solutions tailored to client needs for location, access, and connectivity; and related managed services for infrastructure sharing and build-to-suit deployments. It serves primarily wireless network concession holders, enabling deployment of active equipment like antennas for 4G, 5G, and broadband services in emerging markets requiring expanded coverage and capacity. Incorporated in 2022 as a spin-off from América Móvil, S.A.B. de C.V., Sitios Latinoamérica is headquartered in Mexico City at Avenida Paseo de las Palmas 781, Piso 2, Lomas de Chapultepec III Sección, Miguel Hidalgo. The company conducts operations through subsidiaries in 16 countries, including Argentina, Brazil, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Paraguay, Peru, Puerto Rico, Dominican Republic, and Uruguay, with a site portfolio exceeding 35,000 towers as of December 31, 2023, representing approximately 19% market share in its operating regions. Recent major developments include the acquisition of 2,980 towers from América Móvil Perú, S.A.C. in March 2023 and an additional 224 towers in July 2023, strengthening its Peruvian footprint; the purchase of 1,388 towers in the Dominican Republic from América Móvil affiliates in February 2023; entry into master service agreements for infrastructure administration, maintenance, and leasing with operators like Comunicación Celular S.A. and Otecel S.A. in Colombia and Ecuador during early 2023; and ongoing new site builds, with 5,434 added in 2023 and plans for 1,200-1,500 in 2024. In September 2023, subsidiary Sites del Perú S.A.C. issued S/872 million senior notes due 2033, guaranteed by Sitios Latinoamérica, to support expansion. These transactions have expanded tenant bases, enhanced geographic diversification, and positioned the company as the most diversified tower provider in Latin America per industry analyses.