The operations of Telesites began on January 5, 2015 through its subsidiary OPSIMEX. Our company is the result of the spin off of the passive infrastructure held of Telcel. The division took place on three levels, with OPSIMEX, the company that owns the assets in Mexico, spun off from Radiomóvil Dipsa; Promotora de Sites as the sub holding spun off of Sercotel (without operations); and lastly the holding, Telesites, spun off from América Móvil.
As a result of the division, América Móvil shareholders received one share of Telesites for every 20 América Móvil shares. Telesites does not have an ADR program and therefore its shares are only quoted locally in the Mexican Stock Exchange.
The total portfolio of division towers was of 11,766 which invoiced the entire year.
The decision of creating Telesites and operating the Tower business independently allows us to:
- Offer our infrastructure to all telecommunications operators in Mexico under equal circumstances.
- Take advantage of a tower company’s structure, assigning assets the corresponding value.
Most significant events
During 2015, the company was spun off, Senior Bonds were issued, the company began operating independently and was also listed on the Stock Exchange. Following the spin off of OPSIMEX, a program for the issue of Senior Bonds of up to 22 billion pesos was authorized. The company executed the program in three issues of 5, 10 and 15 years and variable and fixed rates, all in Mexican pesos. At the close of 2015, 18.835 billion had been issued within the program.
In addition to the 11,766 towers that made the spun off initial portfolio, Telesites built 1,108 towers during 2015, closing the year with 12,874 towers in its portfolio, equivalent to a 9.4% growth over the year.
The entire initial portfolio is rented to Telcel and therefore occupation is of one operator per tower.
