September 19, 2018 / 2:10 PM / a month ago

Brazil regulators approve American Tower purchase of Cemig assets

SAO PAULO, Sept 19 (Reuters) - Brazilian competition authorities have approved American Tower Corp's acquisition of telecommunications assets owned by Cia Energetica de Minas Gerais SA, the government's official bulletin said on Wednesday.

In August, American Tower paid 571 million reais ($138 million) to purchase much of the broadband network operated by Cemig, as the state-controlled utility is known.

$1 = 4.14 reais Reporting by Gram Slattery

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