Brazil Tower Company LP, an operator of wireless communications towers in Brazil, has secured $40 million in funding. The investor was Silver Swan LLC.
PRESS RELEASE
August 10, 2016 — Brazil Tower Company, LP (“BTC”), a leading developer and operator of wireless communications towers in Brazil, today announced that Silver Swan, LLC (“Silver Swan”), an investment firm based in New York, has closed a $40 million investment into BTC to support its next phase of growth and development. BTC deploys and operates wireless network infrastructure throughout Brazil with the country’s leading carriers as its partners and customers.
Dr. Chahram Zolfaghari, CEO of BTC commented, “We are extremely pleased to have Silver Swan as our partner. At BTC, our goal is to provide the best network infrastructure to our customers and Silver Swan’s investment helps us move forward with that goal during a period of challenging political uncertainty in Brazil.”
Kyle Detwiler, Partner and Co-Founder of Silver Swan, added, “We have been impressed with Chahram and the entire BTC team’s success in efficiently building one of Brazil’s leading independent tower companies and forging strong partnerships with the nation’s leading telecommunications carriers. We are excited about partnering with BTC to accelerate its next phase of growth.”
About Brazil Tower Company
Brazil Tower Company develops and operates wireless communications towers in Brazil. The company leases space on its towers to telecommunications providers and other wireless technology operators and allows multiple operators to co-locate on a single tower, eliminating the need for multiple sites to be deployed in a single area. Through its network planning and rapid deployment of new sites, the company helps to speed the network deployment of all of Brazil’s carriers and reduces the capital needed by the carriers to expand their networks.
BTC launched its business operations in Brazil in August 2011. For additional information, please visit www.braziltowercompany.com or write to info@braziltowercompany.com.
About Silver Swan
Silver Swan is a global investment firm based in New York. The principals of Silver Swan founded the organization in 2015 following successful careers at The Blackstone Group, Kohlberg Kravis Roberts & Co. (“KKR”), and Och-Ziff Capital Management. Silver Swan typically invests between $5 million and $40 million per transaction and offers partners flexible capital solutions ranging from equity to debt. For more information, please visit www.silverswancapital.com.
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