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Srikapardhi October 1st, 2024 10:11 AM 0 COMMENTS

Verizon Strikes USD 3.3 Billion Tower Deal with Vertical Bridge

Verizon Communications (Verizon) has entered into a USD 3.3 billion agreement with Vertical Bridge to lease, operate, and manage 6,339 wireless towers across all 50 states and Washington, DC from subsidiaries of Verizon. The deal, structured as a prepaid lease, will provide Verizon with USD 2.8 billion in upfront cash, the companies announced on Monday. Also Read: Verizon and Vertical Bridge Collaborate to Expand 4G and 5G Across the US... Read More

Srikapardhi September 30th, 2024 1:20 PM 0 COMMENTS

NIC.br to Upgrade Internet Exchange Capabilities in Brazil

Internet Exchange Point (IXP) operator, the Brazilian Network Information Center (NIC.br), has selected Nokia to upgrade Brazil's internet infrastructure. This upgrade aims to boost performance and reliability amid a projected surge in data traffic, which is expected to reach 218.5 million users and over 50 terabits per second (Tbps) in the next five years. Also Read: DE-CIX Expands Internet Exchange Network Capacity in India Strategic Upgrade for Future Growth NIC.br,... Read More

Srikapardhi September 19th, 2024 8:21 PM 0 COMMENTS

RETN Announces Activation of New Milan-Zurich Connectivity Route

Global network services provider RETN has announced that it has further strengthened its presence in Italy by activating a new connectivity route between Milan and Zurich. This new route enhances connections to and from Europe via a network capable of supporting up to 400 Gbps and beyond. The 300 km route utilises the Point of Presence (PoP) at the Caldera Campus in Milan, with a 75 km dark fiber connection... Read More

Srikapardhi September 16th, 2024 11:38 PM 0 COMMENTS

PhilTower and MIDC Merge to Form Independent Tower Company in Philippines

The consortium of investors in PhilTower Consortium (PhilTower) and Miescor Infrastructure Development Corporation (MIDC) has completed a transaction that creates one of the largest independent telecommunications tower companies in the Philippines. This new entity is owned by a group of reputable global and local investors, including Macquarie Capital, Stonepeak, Manila Electric Company (Meralco), and Global Network. Also Read: PhilTower Deploys PowerX Intelligent Platform to Upgrade Mobile Tower Infrastructure National Scale... Read More

Srikapardhi September 12th, 2024 9:38 PM 0 COMMENTS

Brookfield-led Consortium Completes Acquisition of ATC India Operations

Data Infrastructure Trust (DIT), an Infrastructure Investment Trust backed by Brookfield Asset Management (Brookfield) and investor affiliates including British Columbia Investment Management Corporation (BCI) and GIC, announced on September 12, the successful acquisition of 100 percent of American Tower’s operations in India (ATC India). The transaction approved by the Competition Commission of India (CCI), involves the purchase of approximately 76,000 communication sites for an enterprise value of Rs 182 billion... Read More

Srikapardhi September 3rd, 2024 12:39 PM 0 COMMENTS

Cellnex Portugal Plans Acquisition of Six Telecom Towers from NOS Technology

Cellnex Portugal, through its wholly-owned subsidiary ON Tower Portugal, has notified the Portuguese Competition Authority (AdC) of its plans to acquire six macro-sites from Nos Technology. These sites will be used to provide passive infrastructure for mobile telecommunications networks. Also Read: Cellnex Sells Austrian Tower Operations to Consortium for EUR 803 Million Cellnex Portugal and its Parent Company Cellnex Portugal is, in turn, a Portuguese subsidiary wholly owned by Cellnex... Read More

Srikapardhi August 28th, 2024 12:53 PM 0 COMMENTS

Phoenix Tower International to Build 1,900 New Telecom Sites for Iliad in Italy

Wireless infrastructure provider Phoenix Tower International (PTI) has entered into a Build-to-Suit (BTS) agreement with Iliad, one of the mobile network operators (MNOs) in Italy. The deal involves the construction of up to 1,900 new telecommunications sites in densely and moderately populated areas across Italy, aimed at enhancing Iliad's 4G and 5G mobile networks and expanding Phoenix's European presence. Also Read: Phoenix Tower Acquires Cellnex’s Irish Business for EUR 971... Read More

Kripa B August 28th, 2024 9:28 AM 3 COMMENTS

Indus Towers to Become Bharti Airtel Subsidiary After Buyback Exercise

Indus Towers, a joint venture company, is set to become a subsidiary of Bharti Airtel following the conclusion of its buyback exercise. Indus Towers is conducting a buyback of up to 56,774,193 equity shares, representing approximately 2.107 percent of its total paid-up share capital. As a result, Airtel, which currently holds a 48.95 percent shareholding in Indus Towers, will see its shareholding increase to around 50.005 percent upon the completion... Read More

Srikapardhi August 15th, 2024 9:07 AM 0 COMMENTS

DigitalBridge to Acquire Japanese TowerCo JTower to Drive Infrastructure Growth

Global digital infrastructure investment firm DigitalBridge Group has agreed to acquire Japan's infrastructure-sharing company JTower, with the aim of taking the company private. The board of JTower has expressed support for the offer and recommended that shareholders tender their shares. DigitalBridge Group, through its subsidiary DB Pyramid Holdings, announced a tender offer to acquire JTower, the official release said on Wednesday. Also Read: JTower and NTT Docomo Implement Glass Antennas... Read More

Srikapardhi August 14th, 2024 12:36 PM 0 COMMENTS

IHS Towers and MTN Group Strengthen Collaboration with Recent Contracts

IHS Towers and MTN Group have announced the strengthening of their strategic partnership through the renewal of infrastructure sharing and master lease contracts. Both companies have extended their communications infrastructure deals in Nigeria and completed the renewal of all contracts across IHS Towers-MTN markets. Also Read: MTN Nigeria Renegotiates Tower Lease Agreements with IHS and ATC Renewal of Contracts In a joint statement, the companies mentioned that with their commercial... Read More

Srikapardhi August 11th, 2024 11:19 AM 0 COMMENTS

Cellnex Sells Austrian Tower Operations to Consortium for EUR 803 Million

Cellnex Telecom has agreed to sell 100 percent of its Austrian tower business to a consortium led by Vauban Infrastructure Partners, EDF Invest, and MEAG, the asset manager of Munich Re and ERGO, for EUR 803 million. The deal is part of Cellnex's "Next Chapter" strategy, which aims to streamline its operations and focus on key growth markets, the company said in a recent statement. Also Read: Phoenix Tower Acquires... Read More

Srikapardhi August 9th, 2024 11:51 AM 0 COMMENTS

MTN Nigeria Renegotiates Tower Lease Agreements with IHS and ATC

MTN Nigeria Communications has successfully renegotiated its tower lease agreements with IHS Nigeria, INT Towers, IHS Towers NG (together, IHS), and ATC Nigeria, securing terms that bolster the company's financial and operational stability. MTN Nigeria announced in an exchange filing on August 7 that the company and IHS have renegotiated the commercial terms of their existing infrastructure-sharing and master lease agreements. Also Read: MTN Nigeria Selects ATC Nigeria for Tower... Read More