Infrastructure

Home
Infrastructure

Srikapardhi December 12th, 2024 10:29 AM 0 COMMENTS

Spark New Zealand Sells Remaining Stake in Connexa to CDPQ for NZD 314 Million

Spark New Zealand, the largest telecommunications company in New Zealand, has announced the sale of its remaining 17 percent stake in mobile tower business Connexa to global investment group CDPQ for NZD 314 million. The deal values Connexa at consistent EBITDAI multiples seen in previous New Zealand mobile tower transactions. Spark expects to record a NZD 70 million gain in EBITDAI upon completion of the sale. Also Read: Spark New... Read More

Kripa B December 4th, 2024 6:17 PM 1 COMMENTS

Vodafone Group to Exit Indus Towers by Offloading Remaining 3 Percent Stake

UK's Vodafone Group Plc (Vodafone) announced on Wednesday, December 4, that it plans to sell its remaining 3 percent stake in Indus Towers. In a statement, the company said it has launched a placing of its remaining 79.2 million shares in Indus Towers Limited (Indus), representing 3 percent of Indus's total share capital, through an accelerated book-building offering. This divestment of shares marks Vodafone's complete exit from the telecom infrastructure... Read More

Srikapardhi December 4th, 2024 11:03 AM 0 COMMENTS

Zain Group Acquires Full Stake in IHS Kuwait

Zain Group, a telecom operator in the Middle East and Africa, has signed a definitive agreement to acquire IHS Holding Limited's 70 percent stake in IHS Kuwait Limited. This acquisition will increase Zain's ownership in the independent tower company to 100 percent, giving it complete ownership. Also Read: Ooredoo, Zain and TASC Towers to Create Tower Company in MENA Region Key Details of the Acquisition Agreement Under the terms of... Read More

Srikapardhi November 22nd, 2024 1:06 PM 0 COMMENTS

Proximus Group Sells Luxembourg Tower Assets to InfraRed for EUR 108 Million

Proximus Group has signed a binding agreement to sell 100 percent of Proximus Luxembourg Infrastructure (PLI) to InfraRed Capital Partners (InfraRed) for EUR 108 million, including cash on the balance sheet. The sale includes 267 mobile tower assets in Luxembourg, marking a key step in Proximus' divestment strategy to optimise its asset base and reinvest in growth areas, the company announced on Friday. Also Read: Verizon Strikes USD 3.3 Billion... Read More

Srikapardhi November 11th, 2024 12:00 PM 0 COMMENTS

Airtel Solarises Over 3,500 Mobile Sites in Q2

Indian telecommunications company Bharti Airtel emphasises sustainability as it strives to deliver environmentally friendly technology. There are multiple instances to support this, with Airtel 5G Plus being a notable example. When Airtel launched its 5G services, the company stated that its 5G technology is more energy-efficient. According to Airtel's website, energy consumption per GB of data transmitted over its 5G network is significantly lower than that of the prevailing 4G... Read More

Srikapardhi November 1st, 2024 11:48 AM 0 COMMENTS

Spark New Zealand Considers Divesting Stake in Mobile Towers Business Connexa

New Zealand-based telco Spark is considering divesting its stake in Connexa, a mobile tower business, the company announced on Wednesday as it reviews its non-core assets. This consideration comes amid media speculation that the Ontario Teachers' Pension Plan (OTPP) is also seeking to sell its shareholding in the company. Also Read: Virgin Media O2 Sells Additional Stake in Cornerstone to Equitix Ontario Teachers' Pension Plan's Potential Sale Earlier this month,... Read More

Srikapardhi October 30th, 2024 1:45 PM 0 COMMENTS

Virgin Media O2 Sells Additional Stake in Cornerstone to Equitix

Virgin Media O2 has announced an agreement to sell an 8.33 percent minority stake in its mobile tower joint venture, Cornerstone Telecommunications Infrastructure Limited (Cornerstone), to funds managed by Equitix Investment Management Limited (Equitix), while retaining a 25.01 percent holding in Cornerstone overall. This transaction builds on a previous minority stake sale in November 2023. Also Read: Verizon Strikes USD 3.3 Billion Tower Deal with Vertical Bridge Financial Details and... Read More

Kripa B October 23rd, 2024 8:21 AM 1 COMMENTS

Bharti Airtel Gets CCI Approval to Raise Indus Tower Stake Over 50 Percent

Bharti Airtel has received approval from the Competition Commission of India (CCI), allowing the company to increase its shareholding in Indus Towers Limited following a share buyback by the telecom infrastructure company. Indus Towers is a passive telecom infrastructure provider that deploys, owns, and manages passive infrastructure for various mobile operators. Also Read: Indus Towers to Become Bharti Airtel Subsidiary After Buyback Exercise CCI Approves Bharti Airtel's Stake Increase "The... Read More

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