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
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 … Read More
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 … Read More
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 … Read More
Data Infrastructure Trust (DIT), an Infrastructure Investment Trust backed by Brookfield Asset Management (Brookfield) and investor affiliates including British Columbia Investment Management Corporation (BCI) and GIC, announced on September 12, the successful acquisition of 100 percent of American Tower’s operations in India (ATC India). The transaction approved by the Competition … Read More
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