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
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
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
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
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
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