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
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, … 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 … 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 … Read More
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