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
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
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