Cellnex Portugal, through its wholly-owned subsidiary ON Tower Portugal, has notified the Portuguese Competition Authority (AdC) of its plans to acquire six macro-sites from Nos Technology. These sites will be used to provide passive infrastructure for mobile telecommunications networks. Also Read: Cellnex Sells Austrian Tower Operations to Consortium for EUR … Read More
Wireless infrastructure provider Phoenix Tower International (PTI) has entered into a Build-to-Suit (BTS) agreement with Iliad, one of the mobile network operators (MNOs) in Italy. The deal involves the construction of up to 1,900 new telecommunications sites in densely and moderately populated areas across Italy, aimed at enhancing Iliad’s 4G … Read More
Indus Towers, a joint venture company, is set to become a subsidiary of Bharti Airtel following the conclusion of its buyback exercise. Indus Towers is conducting a buyback of up to 56,774,193 equity shares, representing approximately 2.107 percent of its total paid-up share capital. As a result, Airtel, which currently … Read More
Global digital infrastructure investment firm DigitalBridge Group has agreed to acquire Japan’s infrastructure-sharing company JTower, with the aim of taking the company private. The board of JTower has expressed support for the offer and recommended that shareholders tender their shares. DigitalBridge Group, through its subsidiary DB Pyramid Holdings, announced a … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
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