By Josh Beckerman
American Tower Corp., which operates wireless and broadcast towers, agreed to buy two Brazil tower portfolios from Tim Celular SA for about 3 billion Brazilian reais, or about $1.2 billion.
Tim Celular is part of Tim Participações, a unit of Telecom Italia SpA.
Earlier Friday, Telecom Italia said it would explore options to integrate Tim Participações with Oi SA. Oi, the Brazilian telecom provider...