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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

Srikapardhi June 6th, 2024 12:21 PM 0 COMMENTS

KPN and ABP Establish TowerCo to Enhance Dutch Mobile Infrastructure

Dutch operator KPN is starting a new joint venture with the Dutch pension fund ABP. Both parties have signed an agreement to create a new tower company (TowerCo), bringing together their passive mobile infrastructure assets. This partnership is in line with KPN's ‘Connect, Activate, and Grow’ strategy to optimise the value of its passive infrastructure assets and retain strategic flexibility, KPN said on Wednesday. Also Read: KPN and Comarch Extend... Read More

Srikapardhi June 3rd, 2024 9:41 PM 0 COMMENTS

Ooredoo Qatar Launches Eco-Friendly Energy Initiative for Mobile Sites

Ooredoo Qatar has launched an eco-friendly energy initiative aimed at transforming energy consumption at mobile outdoor sites. The "Clean Energy – Super Hybrid" program integrates various eco-friendly energy sources, including solar power and wind energy, to optimise energy consumption and reduce carbon emissions. Also Read: Ooredoo Qatar Integrates AI into Operations Through Use Case Implementations Clean Energy – Super Hybrid Program Ooredoo Qatar said the "Clean Energy – Super Hybrid"... Read More

Srikapardhi June 3rd, 2024 4:00 PM 0 COMMENTS

Hrvatski Telekom Considers Establishment of Infrastructure Subsidiary

Croatian telecom group Hrvatski Telekom is contemplating creating a dedicated subsidiary to manage its passive mobile infrastructure assets. The company announced that it is considering separating its passive mobile infrastructure assets into a separate company that would be wholly owned by Hrvatski Telekom. Also Read: Hrvatski Telekom Inks a 10-Year Renewable Energy Deal With Professio Energia Hrvatski Telekom's Strategic Initiative The company aims to determine whether establishing a dedicated subsidiary... Read More

Srikapardhi May 9th, 2024 5:16 PM 0 COMMENTS

Everest Infrastructure Acquires Tower Assets from Vertel in Australia

Everest Infrastructure ANZ (Everest) has completed the acquisition of a nationwide portfolio of tower assets from Vertel. With this acquisition, Everest Infrastructure ANZ, a subsidiary of Pittsburgh-based Everest, has expanded its tower portfolio in Australia after completing the purchase from Australian telco Vertel. Also Read: STC Group and Saudi’s PIF Ink Deal to Form Region’s Largest Telecom Tower Company Acquisition Details Financial terms, along with the specific number of tower... Read More

Srikapardhi April 22nd, 2024 3:51 PM 0 COMMENTS

STC Group and Saudi’s PIF Ink Deal to Form Region’s Largest Telecom Tower Company

Saudi Telecommunications Company (stc Group) and Saudi's Public Investment Fund (PIF) announced the signing of definitive agreements whereby PIF will acquire a 51 percent stake in Telecommunication Towers Company Limited (TAWAL) from stc Group. According to the agreement, TAWAL's enterprise value is USD 5.85 billion. Also Read: STC Group’s Subsidiary TAWAL Commences Operations in Europe Agreement Details Subsequently, PIF and stc Group will consolidate TAWAL and Golden Lattice Investment Company... Read More

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