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
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 … Read More
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 … Read More
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 … Read More
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 … Read More
Optical and digital solutions company, STL, is showcasing its Glass to Gigabit capability at the FTTH (Fiber To The Home) Conference 2024 in Berlin, Germany. This capability highlights STL’s integrated manufacturing prowess, covering optical products from glass preform to optical connectivity products, enabling the construction of advanced optical fibre networks … Read More
Virgin Media O2 (VMO2) announced today that it has successfully deployed 4G and 5G smart poles on top of its existing fiber network in the UK. This trial, conducted in collaboration with Liberty Global, involved installing new smart poles beside the operator’s existing national fiber network cabinets. The poles, which … Read More
Edotco Bangladesh has signed a Memorandum of Understanding (MoU) with Huawei Technologies (Bangladesh) to construct an advanced eco-friendly telecommunications tower made of Fiberglass Reinforced Plastics (FRP). Edotco said the MoU signing was held at the Mobile World Congress 2024 in Barcelona. Edotco said through this collaboration, it will become the … Read More
Cellnex Telecom, a European tower and telecom infrastructure company, has agreed to sell its entire business (100 percent) in Ireland to Florida-based Phoenix Tower International (PTI) for around EUR 971 million, equivalent to a multiple of around 24x EBITDAaL. The transaction is subject to regulatory approvals, and Cellnex will use … Read More
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