American Tower will acquire Telxius Towers, which has approximately 31,000 communication facilities in Germany, Spain, Brazil, Chile, Peru and Argentina. The total amount of the transaction will be €7.7 billion and will be financed by borrowed funds. The deal will be closed in several instalments starting from Q2 2021. To build up its assets in Germany and Brazil, the company will also allocate $500 million until 2025 for the construction of communication lines in these countries.