ATI's $800M Latin American Tower Dispute in Arbitration: New Filing

An arbitration proceeding pending before an international tribunal of the American Arbitration Association involves “some of the same entities” that are parties to the breach of contract complaint by Terra Towers, TBS Management and DT Holdings against American Tower International (ATI), said ATI in an amended notice of removal. It was filed Tuesday (docket 1:23-cv-20009) in U.S. District Court for Southern Florida in Miami. ATI removed to the federal court on Jan. 3 the Dec. 12 complaint in the 11th Judicial Circuit in Miami in which the plaintiffs alleged ATI “improperly withdrew” from an $800 million Latin American and Central American telecommunications tower development agreement called Project Codu (see 2301030035). The “facts and circumstances” of the dispute that's in arbitration are “inextricably intertwined” with those in the plaintiffs’ state court action, “and the tribunal’s award and findings will address Project Codu,” said ATI’s amended notice. Its previous notice made no mention of the arbitration proceeding.