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Kripa B January 24th, 2025 5:51 PM 0 COMMENTS

Indus Towers Reports Rs 4,003 Crore Profit in Q3, Enters EV Charging Market

Indus Towers Limited (Indus Towers) reported a net profit of Rs 4,003 crore in the fiscal third quarter which ended December 31, 2024, reflecting a 159.9 percent year-on-year increase. This growth was driven by tower additions and significant overdue collections from Vodafone Idea (Vi), one of its major customers. Quarterly revenue rose by 4.8 percent year-on-year to Rs 7,547 crore. Also Read: Vodafone Increases Stake in Vi to 24.39 Percent... Read More

Srikapardhi January 20th, 2025 3:28 PM 0 COMMENTS

Telefonica Germany, Orange and Partners Join to Set Up Cross-Border 5G Highway Corridor

Telefonica Germany (O2 Telefonica), Vantage Towers, Orange and its tower company Totem, and the Saarland University of Applied Sciences (htw saar) are collaborating to create what they call "one of Europe's first cross-border 5G highway corridors." The four companies are joining forces to set up a cross-border 5G network alongside the highway connecting the French city of Metz with Saarbruecken in Germany. Also Read: Telefonica Germany to Expand 5G Network... Read More

Kripa B January 14th, 2025 7:56 PM 0 COMMENTS

VNT Surpasses 4,500 Telecom Power Installations in Philippines

Vrinda Nano Technologies (VNT) has surpassed 4,500 installations of its telecom power solutions across the Philippines. According to the company, these solutions are designed to support the expansion of telecom infrastructure across the country. Also Read: Viavi to Build Open RAN Lab in Philippines Driving Operational Efficiency and Uptime The company states that its solutions are driving exceptional uptime and operational efficiency. "This milestone reflects the company's unwavering commitment to... Read More

Srikapardhi January 7th, 2025 1:00 PM 0 COMMENTS

Indus Deploys 180 Towers in Prayagraj for Maha Kumbh Mela 2025

Indian telecom infrastructure provider Indus Towers has deployed 180 towers in Prayagraj to enhance and augment connectivity during the Mahakumbh Mela 2025. The infrastructure company has partnered with the Uttar Pradesh State Government and the District Administration to ensure seamless connectivity for all pilgrims and residents of Prayagraj during the Mela, Indus Towers said in a statement on Tuesday. Also Read: Airtel Rolls Out Major Network Upgrades Ahead of Maha... Read More

Srikapardhi December 29th, 2024 2:34 PM 0 COMMENTS

Cellnex Completes Sale of Austrian Unit to Consortium for EUR 803 Million

Cellnex Telecom has completed the sale of its Austrian business to a consortium comprising Vauban Infrastructure Partners, through Vauban's Funds, EDF Invest, and MEAG, the asset manager of Munich Re and ERGO, for EUR 803 million. The transaction, first announced on August 9, 2024, marks the divestment of the 4,600 sites Cellnex had managed in Austria since acquiring CK Hutchison's infrastructure in 2021. Also Read: Cellnex Sells Austrian Tower Operations... Read More

Kripa B December 14th, 2024 10:04 AM 0 COMMENTS

Indus Towers to Acquire 26 Percent Stake in JSW Green Energy Eight

Indus Towers, a subsidiary of Bharti Airtel, has entered into a Power Purchase Agreement (PPA) with JSW Green Energy Eight Limited, a special purpose vehicle (SPV), to procure renewable energy from a solar photovoltaic (PV) plant under the captive mode. The agreement, signed on December 12, 2024, marks a step towards enhancing the Company's commitment to sustainability and green energy. Also Read: Bharti Airtel Gets CCI Approval to Raise Indus... Read More

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