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 … Read More
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 … Read More
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 … Read More
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. … Read More
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 … Read More
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 … Read More
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 … Read More
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, … Read More
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 More
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 … Read More
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 … Read More
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, … Read More
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