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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

Srikapardhi February 1st, 2024 5:23 PM 0 COMMENTS

IHS Nigeria Completes Rollout of 10,000 Kilometers of Fiber Optic Cables Across Nigeria

IHS Nigeria, a subsidiary of IHS Holding, has announced the completion of the deployment of more than 10,000 kilometres of fibre optic cables across Nigeria. This initiative, undertaken through its subsidiary, Global Independent Connect Limited (GICL), marks a step towards improving the country's broadband infrastructure. Also Read: MTN Nigeria Selects ATC Nigeria for Tower Services as Contracts Near Expiry Support for National Broadband Plan This deployment of fibre optic cables... Read More

Srikapardhi February 1st, 2024 3:58 PM 0 COMMENTS

Banglalink Completes Sale of Tower Portfolio to Summit Towers for USD 100 Million

VEON has announced the completion of the sale of part of its tower portfolio in Bangladesh to Summit Towers for approximately BDT 11 billion (around USD 100 million). This transaction involves 2,012 towers owned by VEON's subsidiary, Banglalink. Summit Towers, a subsidiary of Summit Communications Group, has acquired these towers. Also Read: Veon’s Banglalink to Sell Tower Portfolio to Summit Towers Transaction Details Under the terms of the agreement, Banglalink... Read More

Srikapardhi January 28th, 2024 7:28 PM 0 COMMENTS

TowerCo Partners With RecNation to Build Wireless Towers Across US

TowerCo will build and manage wireless towers for RecNation across 57 sites in the US. RecNation Storage, an operator and developer of specialised recreational vehicle (RV) and marine storage facilities, announced that it is enhancing its offerings by partnering with TowerCo, which will develop wireless infrastructure at the sites for the company. Also Read: Everest and TowerCo Acquire 546 Wireless Towers From Charter Communications Partnership for Enhanced Connectivity "The partnership... Read More

Srikapardhi January 25th, 2024 5:32 PM 0 COMMENTS

Tigo Colombia to Sell Around 1,100 Towers to KKR

Luxembourg-headquartered Millicom, the owner of Tigo-branded telecom services across Latin America, has announced that its subsidiary, Tigo Colombia, has agreed to sell approximately 1,100 wireless communications towers to the Global Infrastructure Investors IV fund of the US investment firm KKR. KKR plans to work in partnership with NEXO LatAm, a digital infrastructure platform that will aid in implementing KKR's infrastructure strategy throughout Latin America. Also Read: Globe Introduces CALF: A... Read More

Srikapardhi January 24th, 2024 10:48 AM 0 COMMENTS

Globe Introduces CALF: A Compact Connectivity Solution for Critical Scenarios

Globe has introduced CALF (Cellsite At Less Footprint), a compact solution designed to provide immediate and efficient connectivity during emergencies and high-demand situations. Derived from its predecessor, COW (Cellsite on Wheels), CALF is a versatile technology with a minimal equipment requirement and quick deployment feature, the Filipino telecommunications service provider said. Also Read: Telekom Trials New Mobile Tower Tech and Hydrogen Power at Nibirii Fest CALF is a compact solution... Read More

Yashika Goel January 23rd, 2024 9:57 PM 0 COMMENTS

Indus Towers Marks Third Consecutive Quarter With Tower Additions

Indus Towers today announced its consolidated results for the third quarter ended December 31, 2023, with revenue for the quarter at Rs 7,199 crores, up 6.4 percent Year on Year. The company reported a net profit of Rs 1,541 crores, compared to a loss of Rs 708 crores in the previous year, in an announcement on Tuesday. Also Read: Indus Towers Hails Telecom Bill 2023 for Addressing Industry Concerns Tower... Read More

Srikapardhi January 12th, 2024 7:06 AM 0 COMMENTS

Parallel Wireless Deploys Over 1,500 Open RAN sites in Africa

US-based Open RAN solution provider Parallel Wireless has announced reaching a milestone of deploying 1,500 sites in Africa. In an update this week regarding its rollout progress, the company said it partnered with regional telecommunications providers and governments in countries including Nigeria, Tanzania, Guinea Conakry, Ghana, South Sudan, Uganda, Democratic Republic of Congo (DRC), and Malawi to deploy hybrid networks tailored to the needs of specific regions within their borders.... Read More

Srikapardhi January 5th, 2024 3:52 PM 0 COMMENTS

CTI Towers Acquires 56 Towers in North Dakota From SRT

North Carolina-based CTI Towers, a provider of wireless towers in the US and a portfolio company of Palistar Capital (Palistar), announced this week the acquisition of 56 towers in North Dakota from SRT Communications (SRT). This acquisition significantly expands CTI Towers' footprint in the region. SRT Communications, headquartered in Minot, North Dakota, is the state's largest telecommunications cooperative. Also Read: Everest and TowerCo Acquire 546 Wireless Towers From Charter Communications... Read More

Yashika Goel January 5th, 2024 12:14 PM 0 COMMENTS

Brookfield’s DIT to Acquire ATC India in USD 2 Billion Deal

Data Infrastructure Trust (DIT), an Infrastructure Investment Trust affiliated with Brookfield Asset Management, has inked an agreement to acquire a 100 percent equity stake in American Tower Corporation's Indian operations (ATC India). The transaction is valued at around Rs 16,500 crore (approximately USD 2 billion), plus a ticking fee that accrues from October 1, 2023, to the date of closing. DIT currently houses Brookfield's telecom tower businesses in India through... Read More

Srikapardhi December 11th, 2023 11:26 AM 0 COMMENTS

Everest and TowerCo Acquire 546 Wireless Towers From Charter Communications

Tower infrastructure companies Everest Infrastructure Partners (Everest) and TowerCo have jointly announced the acquisition of 546 wireless towers from Charter Communications. The tower infrastructure deal is set to be completed over multiple closings starting this month. Everest stated that the wireless tower assets included in this transaction are located in 37 states throughout the US, collectively representing one of the largest portfolio transactions of tower assets in the US in... Read More