History and Growth

COMPANY HISTORY

Originally founded in 2007 by the Bettsak family, a highly successful Panamanian family of entrepreneurs, Centennial Towers has developed strong relationships with the leading Latin American wireless carriers.

Between 2007 and 2013 Centennial built, operated and sold close to 1,000 organically developed build-to-suit sites in Panama and Costa Rica.

Centennial entered Mexico in 2012 and has been building sites for all carriers along the Mexican Republic.

By 2014, Centennial had opened businesses in Colombia and Brazil with significant new equity investments by private equity firm Madison Dearborn Partners and other individual investors.

Today Centennial owns and operates approximately 1,400 sites in the largest three Latin American markets of Brazil, Mexico and Colombia and is currently executing on a sizable committed pipeline of new sites and collocations on existing sites.

COMPANY TRAJECTORY

2008

2008

The Bettsak family investor group creates Centennial and begins to perform build-to-suit sites for Digicel in Panama

2011

2011

Centennial completes the sale of site assets in Panama to SBA Corporation and starts operations in Costa Rica building sites for Telefonica Corporation’s wireless operation

2012

2012

Centennial enters Mexico after being invited to build 200 sites for Telefonica Corporation’s wireless operation

2013

2013

Centennial sees opportunity and enters Colombia and is awarded 50 build-to-suit sites by Millicom Corporation’s wireless operation Tigo

2014

2014

Centennial opens up an office in Brazil and secures a large build-to-suit award from Telefonica Corporation’s wireless operation Vivo; Centennial completes the sale of their tower business in Costa Rica to Global Tower Partners; Madison Dearborn Partners joins forces with the Bettsak family investor group to fund future business growth in Latin America

2015

2015

Centennial continues its growth as it is awarded many new build-to-suit sites from Nextel and Claro in Brazil, Avantel and Claro in Colombia and Iusacell and Telcel in Mexico

2016

2016

Centennial begins to build a number of distributed antenna systems (DAS) projects in Brazil and also completes an agreement to develop Sao Paulo’s largest bus transportation hubs in a venture with Brasil Rapid Transit; Centennial completes the year with owning and operating approximately 1,400 sites and a backlog of build-to-suit awards in the Latin American markets it serves