Sites Latam

What Sites Latam does

Sites Latam (legal name: Sitios Latinoamérica, S.A.B. de C.V.) is a publicly traded tower infrastructure company headquartered in Mexico City at Avenida Paseo de las Palmas 781, listed on the Mexican Stock Exchange under the ticker LASITE since September 2022. The company was created through a spin-off from América Móvil, the telecommunications conglomerate controlled by Carlos Slim, with approximately 30,000 towers transferred at separation in August 2022. Sites Latam builds, owns, and operates passive telecommunications infrastructure across 16 Latin American countries (Mexico, Brazil, Chile, Ecuador, Peru, Argentina, Uruguay, Paraguay, Puerto Rico, Dominican Republic, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama), with the Colombian portfolio divested to Claro Colombia in Q4 2025.

The company's core offering consists of three integrated service lines: (1) Infrastructure Leasing, providing recurring colocation access to its portfolio of approximately 34,000 towers; (2) Infrastructure Construction Services, building new towers and passive infrastructure tailored to operator location, access, and connectivity requirements; and (3) Local Operations Services, including installation, maintenance, operations, and commercialization delivered through country-specialized teams. Revenue is generated primarily through long-term lease contracts with telecom carriers, supplemented by construction and operations services. Pricing is negotiated bilaterally with operator clients and is not publicly disclosed.

Sites Latam serves a single customer segment: telecommunications operators requiring passive infrastructure for wireless network deployment. Commercial ties to its former parent, América Móvil, remain material — América Móvil is the anchor tenant and counterparty for ongoing tower portfolio transactions. The board includes key figures from the Slim family and affiliated entities (Grupo CARSO, Telcel, Grupo México Transportes), with Gerardo Kuri Kaufmann serving as CEO. The company has 501-1,000 employees (with 323+ formally incorporated), files quarterly financial reports with the CNBV and SEC, and is committed to ESG standards via UN Global Compact signatory status and country-level anti-corruption certifications.

Name

Sites Latam

Legal name

Sitios Latinoamérica, S.A.B. de C.V.

Website

https://siteslatam.com

Company type

Public

Founded year

2022

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Sites Latam is a publicly listed Mexican tower infrastructure company that builds, owns, and operates approximately 34,000 telecommunications towers across 16 Latin American countries, leasing passive infrastructure and providing construction and operations services to wireless carriers.

Ownership category

akta.pro rank

Product category

Telecommunications Infrastructure

NAICS

Power and Communication Line and Related Structures Construction (237130), Power and Communication Line and Related Structures Construction (23713)

akta.pro primary industry

Real Estate, Leasing & Colocation Management (Landlords/REITs) (HDAIAKAJ)

akta.pro secondary industries

Tower Operations & Maintenance (Field Services) (HDAIAKAF), Telecom Tower & Mast Construction (Greenfield Builds, Foundations, Erection) (IMAFAIAC), Structural & Civil Engineering for Sites (Design, Reinforcement, Foundations) (HDAIAKAI), Tower Portfolio Acquisition & Management Platforms (Asset/Lease Management Software) (HDAIAKAL)

Keywords

• Tower infrastructure services
• Telecommunications infrastructure leasing
• Wireless connectivity towers
• Passive network infrastructure
• Telecom tower construction

Headquarters

HQ city

Miguel Hidalgo

HQ country

Mexico

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Supply Chain, Technology or R&D

Revenue model

1. Infrastructure Leasing: Lease of telecommunications towers and passive infrastructure to telecom operators. The company owns approximately 34,000 towers across 16 Latin American countries, generating recurring rental income from telecom carriers.
2. Construction and Operations Services: Comprehensive construction services specialized in telecommunications infrastructure, including location, access and connectivity solutions tailored to customer needs. Also includes installation, maintenance and operations services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Sites Latam builds and commercializes telecommunications towers and passive infrastructure for wireless connectivity across Latin America. The company owns approximately 34,000 towers across 15-16 countries, providing integrated services including tower leasing to telecom carriers, construction of new passive infrastructure tailored to customer location and connectivity needs, and local operations/maintenance through specialized country-level teams.

Product overview

Sites Latam is a tower infrastructure company offering a unified portfolio of telecommunications infrastructure services. The core offering consists of three integrated service lines: (1) Infrastructure Leasing, providing access to approximately 34,000 towers across 16 Latin American countries; (2) Infrastructure Construction Services, delivering comprehensive build-out of towers and passive infrastructure tailored to customer location and connectivity requirements; and (3) Local Operations Services, providing specialized on-the-ground teams for installation, maintenance, and ongoing operations. These services are offered as an integrated package enabling faster response times and comprehensive coverage solutions for wireless carriers operating in emerging markets throughout Latin America.

Differentiator

Problem solved

Functional benefit

Products and services

• Infrastructure Leasing Leasing of telecommunications towers and passive infrastructure to wireless carriers and mobile network operators. The company operates nearly 34,000 towers across 15-16 Latin American countries, offering tenants space for antenna deployment and network equipment mounting under long-term recurring lease arrangements.
• Infrastructure Construction Services Comprehensive construction services specialized in telecommunications infrastructure, focused on site location, access, and connectivity requirements. Includes building towers and other types of passive infrastructure tailored to specific customer coverage, capacity, and quality-of-service needs in emerging Latin American markets.
• Local Operations Services Local operational support services provided by specialized in-country teams in each of the 15-16 countries where Sites Latam has presence. Services include installation, maintenance, ongoing operations, and commercialization of telecommunications towers, with the goal of delivering faster response times and tailored local support to telecom carrier customers.

Quantifiable outcome

• Continuous deployment of high-quality infrastructure in 16 countries

Named customers3 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered minor and core.

• Claro ColombiaminorChannel Partner/ Reseller/ Distributor · 31 October 2025Sitios LatAm finalized the sale of its Colombian portfolio and all related shares to Claro Colombia as part of an operations optimisation strategy. Transaction completed in Q4 2025. Colombia marks the first country where América Móvil has reacquired its tower assets from Sites LatAm following the spin-off, representing a restructuring of América Móvil's infrastructure ownership model.
• América Móvil Dominican RepubliccoreStrategic or Co-development Partner · 7 February 2023Sites Latam completed the acquisition of América Móvil's tower portfolio in the Dominican Republic in February 2023.
• América Móvil PerúcoreStrategic or Co-development Partner · 10 January 2023Initial acquisition of telecommunications towers in Peru completed January 2023. Additional acquisition from América Móvil Perú announced August 2023.
• América MóvilcoreStrategic or Co-development PartnerParent company that spun off its telecommunications infrastructure in Latin America in August 2022. América Móvil transferred approximately 30,000 towers to Sites Latam as part of the spin-off. Sites Latam operates independently and continues to acquire tower assets from América Móvil in various countries.

Scale indicators7 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• SBA Communications: Major US-headquartered tower operator with a global portfolio of communications sites. Closely comparable business model to Sites Latam (tower ownership and leasing), but with a more developed-market portfolio mix.
• American Tower Corporation: Largest global tower operator with a portfolio of over 220,000 communications sites. Comparable to Sites Latam as a tower leasing and infrastructure business, but with a much larger and more diversified global footprint; American Tower also acquired Mexico's Telesites in 2022, directly competing in one of Sites Latam's key markets.
• Crown Castle: US tower and fiber infrastructure operator with a large portfolio of macro towers and small cells. Compares to Sites Latam on the tower leasing model, though Crown Castle has a more fiber- and small-cell-weighted mix.

Direct peers

• IHS Towers: One of the largest independent tower operators in emerging markets, with a multi-country footprint across Africa, Latin America, and the Middle East. Directly comparable to Sites Latam in business model (tower leasing to MNOs), customer base (wireless carriers in emerging markets), and geographic exposure (LATAM overlap).
• Cellnex Telecom: European-listed independent tower operator with operations across Europe and selected emerging markets. Closely comparable in business model (passive infrastructure leasing to MNOs) and listed-equity tower-co structure, though with a primarily European footprint.
• Helios Towers: Independent tower operator focused on Africa and the Middle East, owning and leasing communications sites to multiple MNOs. Directly comparable to Sites Latam in operating model and emerging-market tower-leasing focus.

Emerging players

• Phoenix Tower International: Tower operator with a strong Latin American and Caribbean presence. Comparable to Sites Latam in geographic focus and asset class, though materially smaller in scale and backed by a private-equity sponsor.

Others

• América Móvil: Parent company and largest customer of Sites Latam. While not a direct competitor, América Móvil is structurally connected as the originator of Sites Latam's tower portfolio, its primary tenant, and a counterparty in ongoing M&A transactions (Peru, DR, Colombia).

Regional players

• Telesites (now part of American Tower): Mexican tower company spun off from América Móvil's domestic operations in 2018 and acquired by American Tower in 2022. Historically a direct peer to Sites Latam in the Mexican market for tower leasing services.
• Millicom International Cellular: Telecom operator providing fixed and mobile services across Latin America. Not a direct tower peer, but a key regional customer and counterpart in LATAM telecom infrastructure markets where Sites Latam operates.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/sites-latam

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sites Latam