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
Edinburg-headquartered Shenandoah Telecommunications (Shentel) announced that it has entered into a Purchase and Sale Agreement with Vertical Bridge Holdco to sell its tower portfolio and operations for USD 310.3 million in cash. Vertical Bridge is an operator of communications infrastructure and locations in the United States. Also Read: Verizon and … Read More
Indus Towers said it has recently launched Research and Development Laboratories, focusing on Green Hydrogen and Battery Management System with Solar Integration, at the Indian Institute of Technology (IIT) Madras Campus, as part of its CSR engagement program. These labs, launched in association with IIT Madras, were inaugurated by Manoj … Read More
Airtel Africa has announced the launch of Airtel Africa Telesonic Limited (Telesonic), a new fibre bandwidth service aimed at meeting the rising demand for wholesale data across Africa. Leveraging ground fibre assets and submarine cable systems, Telesonic offers comprehensive terrestrial fibre and submarine cable solutions, said Airtel Africa in a … Read More
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 … Read More
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 … Read More
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. … Read More
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 … Read More
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 … Read More
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 … Read More
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 … 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 … Read More
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