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Srikapardhi April 6th, 2024 11:34 PM 0 COMMENTS

Axiata Group to Sell Myanmar Telco Tower Business for USD 150 Million

Malaysian telecommunications conglomerate Axiata Group has announced plans to offload its entire 87.5 percent stake in Edotco Investments Singapore, the holding company for its investments in Myanmar. The deal, valued at approximately USD 150 million, comes in response to challenging economic conditions in Myanmar, the company said in an exchange filing on Thursday. Also Read: Edotco Bangladesh to Deploy Eco-Friendly Fiberglass Tower Proposed Divestment Details Axiata said Edotco Investments (Labuan),... Read More

Srikapardhi April 1st, 2024 1:40 PM 0 COMMENTS

Shentel Completes Sale of Tower Portfolio to Vertical Bridge

Edinburg-headquartered Shenandoah Telecommunications Company (Shentel) announced that it has completed the initial closing of the previously disclosed sale of its tower portfolio and operations to Vertical Bridge Holdco (Vertical Bridge) for USD 309.9 million in cash. Also Read: Shentel Announces Sale of Tower Portfolio to Vertical Bridge for USD 310.3 Million Funding Strategic Acquisitions Shentel initially announced the sale of its Tower Portfolio to Vertical Bridge on March 1, 2024,... Read More

Srikapardhi March 28th, 2024 10:36 AM 0 COMMENTS

Phoenix Tower Secures Investments from Grain and BlackRock to Continue Expansion

Wireless communications infrastructure provider Phoenix Tower International (PTI) announced that Grain Management (Grain) and BlackRock have made an investment in the company, joining Blackstone as investors behind PTI as they seek to further grow and expand the business. The investment will support PTI's future growth in providing critical tower infrastructure to new and existing markets around the world, PTI said on Wednesday. Also Read: Phoenix Tower International Expands Footprint in... Read More

Srikapardhi March 24th, 2024 2:17 PM 0 COMMENTS

Telkom South Africa to Sell Masts and Towers Business for ZAR 6.75 Billion

Telkom South Africa has announced plans to sell its masts and towers business housed in Swiftnet for an enterprise value of ZAR 6.75 billion. Telkom said the move is part of its strategy to unlock value and strengthen its balance sheet by divesting non-core assets. The sale agreement, signed with Towerco Bidco Proprietary, a consortium led by Actis and including the African community investment holding company Royal Bafokeng Holdings (RBH),... Read More

Srikapardhi March 20th, 2024 9:25 AM 0 COMMENTS

STL Showcases Glass to Gigabit Capability at FTTH Conference 2024 in Berlin

Optical and digital solutions company, STL, is showcasing its Glass to Gigabit capability at the FTTH (Fiber To The Home) Conference 2024 in Berlin, Germany. This capability highlights STL’s integrated manufacturing prowess, covering optical products from glass preform to optical connectivity products, enabling the construction of advanced optical fibre networks across Europe, STL announced on Tuesday evening. Also Read: Edotco Bangladesh to Deploy Eco-Friendly Fiberglass Tower Integrated Manufacturing Capabilities STL... Read More

Srikapardhi March 18th, 2024 8:03 PM 0 COMMENTS

Virgin Media O2 Trials Smart Poles to Boost Mobile Coverage Across the UK

Virgin Media O2 (VMO2) announced today that it has successfully deployed 4G and 5G smart poles on top of its existing fiber network in the UK. This trial, conducted in collaboration with Liberty Global, involved installing new smart poles beside the operator's existing national fiber network cabinets. The poles, which are smaller than traditional mobile phone masts and do not require planning permission, can be safely installed in less than... Read More

Srikapardhi March 18th, 2024 3:46 PM 0 COMMENTS

Edotco Bangladesh to Deploy Eco-Friendly Fiberglass Tower

Edotco Bangladesh has signed a Memorandum of Understanding (MoU) with Huawei Technologies (Bangladesh) to construct an advanced eco-friendly telecommunications tower made of Fiberglass Reinforced Plastics (FRP). Edotco said the MoU signing was held at the Mobile World Congress 2024 in Barcelona. Edotco said through this collaboration, it will become the first TowerCo in Bangladesh to offer fiberglass tower solutions to Mobile Network Operators. The deployment of the tower is set... Read More

Srikapardhi March 5th, 2024 4:35 PM 0 COMMENTS

Phoenix Tower Acquires Cellnex’s Irish Business for EUR 971 Million

Cellnex Telecom, a European tower and telecom infrastructure company, has agreed to sell its entire business (100 percent) in Ireland to Florida-based Phoenix Tower International (PTI) for around EUR 971 million, equivalent to a multiple of around 24x EBITDAaL. The transaction is subject to regulatory approvals, and Cellnex will use the proceeds to reduce its debt, in line with the objectives set in November 2022, Cellnex said on Tuesday. Also... Read More

Srikapardhi March 4th, 2024 11:00 AM 0 COMMENTS

Shentel Announces Sale of Tower Portfolio to Vertical Bridge for USD 310.3 Million

Edinburg-headquartered Shenandoah Telecommunications (Shentel) announced that it has entered into a Purchase and Sale Agreement with Vertical Bridge Holdco to sell its tower portfolio and operations for USD 310.3 million in cash. Vertical Bridge is an operator of communications infrastructure and locations in the United States. Also Read: Verizon and Vertical Bridge Collaborate to Expand 4G and 5G Across the US Transaction Details The Shentel Tower Portfolio being sold consists... Read More

Yashika Goel February 23rd, 2024 5:27 PM 0 COMMENTS

Indus Towers Launches R&D Labs for Green Energy Solutions With IIT Madras

Indus Towers said it has recently launched Research and Development Laboratories, focusing on Green Hydrogen and Battery Management System with Solar Integration, at the Indian Institute of Technology (IIT) Madras Campus, as part of its CSR engagement program. These labs, launched in association with IIT Madras, were inaugurated by Manoj Kumar Singh, Chief Regulatory Officer and CSR at Indus Towers, in the presence of Professor Raghunathan Rengaswamy, Dean of Global... Read More

Yashika Goel February 13th, 2024 5:16 PM 0 COMMENTS

Airtel Africa Launches Telesonic, Wholesale Unit for Fibre Bandwidth Services

Airtel Africa has announced the launch of Airtel Africa Telesonic Limited (Telesonic), a new fibre bandwidth service aimed at meeting the rising demand for wholesale data across Africa. Leveraging ground fibre assets and submarine cable systems, Telesonic offers comprehensive terrestrial fibre and submarine cable solutions, said Airtel Africa in a LinkedIn update last week. This means the operator's fibre assets and subsea cable systems will be in the new unit,... Read More

Srikapardhi February 8th, 2024 1:19 PM 0 COMMENTS

Airtel Nigeria and IHS Towers Renew and Expand Tower Tenancies Partnership

Airtel Nigeria, a subsidiary of Airtel Africa, and IHS Nigeria and related entities, which are subsidiaries of IHS Towers, announced on Wednesday a commitment for Airtel Nigeria to take 3,950 tenancies over the next five years, with the majority expected in 2024/2025, and extended the term of its existing tenancies covering approximately 6,000 tenancies until December 2031. Also Read: Airtel Africa Reports 9.1 Percent Growth in Customer Base, Announces Share... Read More