Anticipating transformational changes in Latin America's wireless industry structure, technology, and regulations, Indigo Capital partnered with MCM, a privately-owned wireless site operator in the U.S., to jointly launch Torrecom Partners in 2010. In the years since, through both organic growth and M&A, Torrecom has grown into a leading provider of wireless communications infrastructure in Latin America.
Torrecom is established and enters Costa Rica, Guatemala, Nicaragua, and Chile with attractive build-to-suit (BTS) contracts.
Torrecom spins off its Colombian, Peruvian, and Chilean operations into Torres Unidas, a joint venture with Berkshire Partners, a leading U.S. private equity fund. Creates leading independent tower operator in the Andean region with more than 750 sites.
Torrecom enters Mexican market with BTS contracts with two carriers for 325 sites, expanding its portfolio of towers in operation and under development to 429.
Sells Costa Rican towers to SBA, a leading, publicly traded U.S. tower company, and closes additional equity capital to fund development of first 800 sites.
The historic Telecom Reform is signed into law in Mexico.
Torrecom wins additional BTS sites in Mexico with two carriers, expanding portfolio of towers under operation or development to approximately 900.
In December 2017 Indigo Capital exited its investment in Torres Unidas (with > 1,500 towers in Colombia, Peru, and Chile) through a strategic sale of the Company to Andean Tower Partners creating the largest independent tower company in the Andean Region.
Torrecom enters the Panamanian market with the acquisition of 25 sites and a 51-site pipeline.
Reaches over 1,700 cell phone towers in operation or development and a pipeline to expand to nearly 3,000 sites in Latin America.
Torrecom capital deployed reaches over US$200 million.