TORONTO, May 12, 2021 /CNW/ - Today, Canadian-born businessman, Marc Wade and former American Tower senior executive, Jay Rocio announced the creation of, BTI International Limited Partnership ("BTI"). BTI will own and operate multi-tenant telecommunication real estate assets in Latin America.
Joining Wade and Rocio in this partnership as part of the management and advisory team are former White House Chief of Staff, Mick Mulvaney, former Soros fund manager, Adam Fisher, former L.A. Mayor, Antonio Villaraigosa, and former Goodmans' corporate lawyer, Avi Greenspoon.
Previously the Vice President of International Finance of American Tower, BTI Managing Director, Jay Rocio brings an unparalleled understanding of the region to BTI. "The rapid expansion and demand for upgraded telecom infrastructure has reached new highs and it's our belief that Latin America presents the greatest opportunity for growth. "states Rocio.
Canaccord Genuity LLC has been engaged by BTI as financial advisor and agent in connection with a private placement offering of units of BTI. "It was the natural choice," said BTI Chairman, Marc Wade. "Canaccord has led the financing of a vast amount of Latin American infrastructure over the years and has true in-depth knowledge of the market and the opportunities that lie within it." Understanding the time sensitivity to bring services to the region, BTI has a multi-billion-dollar pipeline of build-to-suit assets to address the overwhelming demand for new infrastructure throughout Latin America.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities of BTI in the United States or elsewhere, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities to be offered under the proposed offering have not been, and will not be registered, under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to any person in the United States or to U.S. persons unless registered under the 1933 Act and any applicable state securities laws, or exemption from such registration requirements is available.
Cautionary Note Regarding Forward-Looking Statements
This news release contains statements that constitute "forward-looking statements." By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause BTI's actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking information contained in this news release represents the expectations of BTI as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking statements and should not rely upon this information as of any other date. BTI undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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SOURCE BTI International
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