American Tower Corporation had initially announced the transaction in January 2024
American Tower Corporation (ATC) announced that it has closed the previously announced sale of 100% of the equity interests in its operations in India to Data Infrastructure Trust (DIT), an infrastructure investment trust sponsored...
JTower said that the tender offer will be open until October 10
U.S. investment firm DigitalBridge Group is offering a 152% premium for Japanese tower company JTower in a deal that values the Asian telecom infrastructure company at around JPY93 billion ($630 million), according to...
TIM holds an indirect stake of only 3% in Inwit through its 10% stake in holding company Daphne 3
Telecom Italia (TIM) signed an agreement with Impulse I, a consortium led by private equity group Ardian, to sell its remaining stake in mobile tower company...
China Mobile plans to launch 5G-Advanced (5G-A) technology in over 300 cities across China this year
China Mobile, the world’s largest operator in terms of subscribers, recorded operating revenues of CNY546.7 billion ($76.3 billion) in the first half of the year, up 3% year-on-year, the...
Brookfield Asset Management will acquire 100% of ATC India for $2.5 billion
The Competition Commission of India has cleared the takeover of American Tower Corp (ATC) Indian operations (known as ATC India) by Brookfield Asset Management for $2.5 billion. The acquisition, announced in January, will see the...
China Tower added a total of 9,000 sites during the first half of 2024
China Tower ended the first half of the 2024 with a total of 2.07 million towers under management, after a new addition of 9,000 sites during the period.
In a release, the...
Vodafone has been minimizing its ownership of Vantage Towers for the past several years
Vodafone Group has sold a further 10% stake in Vantage Towers for 1.3 billion euros ($1.4 billion), a decision the company said is “in line” with its operating targets. Proceeds from...
Following the placing, Vodafone holds 82.5 million shares in Indus Towers, equivalent to a 3.1% shareholding
U.K.-based Vodafone Group announced that it has sold 484.7 million shares in Indian tower company Indus Towers, representing 18% of Indus’ share capital, through an accelerated book-build offering.
In a...
Vodafone currently owns 21.5% of Indus Towers via various group entities
U.K.-based Vodafone Group is looking to sell its entire $2.3 billion stake in Indian tower company Indus Towers through stock market block deals, local newspaper Business Standard reported, citing sources with knowledge of the...
Vodafone Idea currently owes Indus Towers nearly $1.2 billion, according to local press reports
Indian carrier Bharti Airte'sl Chairman Sunil Mittal urged rival operator Vodafone Idea to settle its debts with Indus Towers and said that the tower firm would not provide new services to...
TowerCo JV will own and operate 3,800 towers and rooftop sites in the Netherlands, said KPN
Dutch operator KPN and pension fund ABP have signed an agreement to create a new tower company in the Netherlands.
In a release KPN said that this strategic partnership is...
Rakuten Mobile started using JTower's solutions in January 2020
Japanese carrier Rakuten Mobile and compatriot telecom infrastructure company JTower announced that Rakuten Mobile has adopted JTower’s indoor infrastructure-sharing solutions for its network in more than 100 facilities and buildings across Japan.
In a release, Rakuten Mobile,...
The combined new entity will be owned 54% by PIF and 43.1% by stc Group
The Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, and Saudi telecom group stc announced the signing of definitive agreements whereby PIF will acquire a 51% stake...
China Tower said that total tower tenants rose to 3.65 million at the end of last year
China Tower ended 2023 with a total of 2.04 million towers under management, down 0.4%, the company said in its earnings statement.
The company said that total tower tenants...
Government officials said 5G mobile phone users in China reached 805 million by the end of last year
China ended 2023 with a total of 3.38 million 5G base stations at a national level, the Ministry of Industry and Information Technology (MIIT) said.
By the end...
American Tower has a portfolio of around 78,000 sites across India
American Tower has signed a definitive agreement with Data Infrastructure Trust (DIT), an infrastructure investment trust associated with an affiliate of Brookfield Asset Management, for DIT to acquire 100% of the equity interests in...
Ooredoo said the new tower entity is expected to achieve revenues close to $500 million annually
Middle East operators Ooredoo and Zain have signed an agreement with TASC Towers Holding (TASC) with the aim of creating the largest tower company in the Middle East and Africa...
Virgin Media O2 will retain a 33.33% stake in Cornerstone upon completion of the transaction
U.K. telco Virgin Media O2 has reached an agreement to sell a 16.67% minority stake in its mobile tower joint venture, Cornerstone Telecommunications Infrastructure Limited, to the U.K.-based infrastructure fund,...
American Tower Corporation ended Q3 2023 with a portfolio of approximately 225,000 communications sites
American Tower Corporation (ATC) reported overall revenues of $2.82 billion for the third quarter of 2023, climbing 5.5% year-on-year, the company said in its earnings statement.
American Tower’s profits for the period...
Cellnex operates 4,557 sites across Sweden and Denmark
Europe's largest tower company, Cellnex, has agreed to sell a 49% stake in its Sweden and Denmark subsidiaries to Stonepeak, an U.S.-based investment firm that focuses infrastructure, for €730 million ($772 million). The decision aligned with the...
Once the towers are transferred, NTT Docomo will lease these towers from JTower
Japanese tower operator JTower and compatriot telecommunications operator NTT Docomo concluded a new master agreement aimed at facilitating the sharing of Docomo's current telecommunication tower infrastructure in Japan.
Under the terms of the...
American Tower's CFO said the company was in the final stage of negotiations to sell a majority stake in its tower unit in India
American Tower is confident of finalizing the sale of its towers business in India soon, the company’s CFO, Rod Smith, said...
MTN had launched 5G service in the country using equipment from Swedish vendor Ericsson
Africa’s largest mobile operator, MTN Group, said U.S. wireless infrastructure provider American Tower will take over its Nigerian tower operations from IHS Holdings, starting in 2025.
In a stock exchange filing, MTN...
China Tower said its net profit in the first half of the year climbed 14.6% year-on-year to $674 million
China Tower ended the first half of 2023 with a total of 2.06 million towers under management, after a net addition of 6,000 sites during the...
