MEXICO CITY (S&P Global Ratings) Feb. 11, 2022--S&P Global Ratings today said that ATP Tower Holdings LLC's (ATP's; BB-/Stable/--) recent acquisition of the 100% outstanding shares of capital stock of BTS Towers (BTS) complements growth plans mainly in Peru and Colombia, where the company already operates, but also expanding to Ecuador and Paraguay. BTS is a privately owned provider of telecommunications infrastructure, headquartered in Switzerland, with operations in Latin America. We expect the company to continue growing and to incorporate BTS into its business model, which will allow ATP to strengthen its EBITDA and reduce its leverage metrics gradually. During 2021, ATP's investment intensity was lower than expected, given some delays in infrastructure requirements among main telecom carriers. Therefore, we
