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China Tower ends 2023 with 2.04 million telecom towers

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...

Despite carrier capex contraction, Crown Castle sees ‘significant’ small cell demand

Across the board, mobile network operators are reducing capital expenditure guidance as the industry collectively reaches something of a midpoint in the 5G cycle. In the US market, for instance, Verizon is cutting planned 2024 capex to between $17 billion and $17.5 billion from...

China ends 2023 with 3.38 million 5G base stations

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 sells its tower business in India

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, Zain and TASC create largest tower firm in MENA

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 sells part of its stake in tower firm Cornerstone

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’s Q3 revenues up 5.5% y-o-y

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 sells Swedish, Danish businesses for $772 million

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...

NTT Docomo transfers ownership of 1,552 towers to JTower

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...

China Tower ends H1 with 2.06 million telecom towers

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...

American Tower sees strong outlook in international markets: CEO

American Tower ended the second quarter of 2023 with a portfolio of approximately 226,000 communications sites American Tower Corporation (ATC) is seeing a positive outlook for its international operations given the expected increase in capital expenditures and mobile data consumption in these markets, the company’s...

Crown Castle anticipates lower activity in the tower business: CEO

Crown Castle said its customers are accelerating the selection and identification of new small cell locations in high-traffic locations Crown Castle is seeing lower activity in the tower business as operators in the U.S. have already significantly reduced network spending, the company’s CEO, Jay Brown,...

German competition regulator currently assessing 1&1 case

1&1 recently said it expected to launch its 5G offering for smartphone users by the third quarter of 2023 Germany’s competition regulator Bundeskartellamt is currently assessing whether Vodafone Germany or its affiliated company Vantage Towers unlawfully impeded newcomer 1&1 in the deployment of its mobile...

Verizon inks deal with Vertical Bridge to expand 4G, 5G footprint

Vertical Bridge has agreed to construct these towers with Verizon as the anchor tenant U.S. carrier Verizon signed a deal with Vertical Bridge to build cell towers across the country to expand its 4G and 5G services. In a release, Verizon said that Vertical Bridge...

Indus Tower to boost capex to benefit from India’s rapid 5G rollout

Indus Tower currently has over 189,000 towers across India Indian telecommunications tower company Indus Tower will accelerate investments to expand its infrastructure across the country to take advantage of the rapid rollout of 5G services by local carriers Bharti Airtel and Reliance Jio Infocomm, local...

Crown Castle’s site rental revenues climb 3% year-on-year in Q1

Crown Castle said its capital expenditures during the quarter were $341 million Crown Castle reported revenues its site rental revenues reached $1.62 billion in the first quarter of the year, climbing 3% compared to the year-ago quarter, the company said in its earnings statement. The company’s...

China Tower ends Q1 with 2.06mn towers under management

China Tower said its net profit in the first quarter climbed 15% year-on-year to CNY2.50 billion China Tower ended the first quarter of this year with a total of 2.06 million towers under management, after a new addition of 7,000 sites during the period. In...

China Tower ends 2022 with 2.05 million telecom towers

China Tower said it added a total of 17,000 new towers last year China Tower ended 2022 with a total of 2.05 million towers under management, after a new addition of 17,000 sites during the full year. In a release, the company said that total...

Bharti Airtel increases direct stake in Indus Towers

Bharti Airtel holds 47.95% stake in Indus Towers following the transaction Indian carrier Bharti Airtel has increased its direct stake in compatriot company Indus Towers by acquiring 23.01% of shares held by its wholly-owned subsidiary, Nettle Infrastructure. Folowing this transaction, Bharti Airtel now holds 47.95% stake...

2degrees to sell tower assets to Canadian business

The $1.08 billion deal involves 1,124 towers across Aotearoa and New Zealand 2degrees Mobile has agreed to sell its tower assets to Connexa, the independent mobile tower business that is partially owned by Spark New Zealand. The $1.08 billion deal involves 1,124 towers across Aotearoa...

HeavyRF helps telcos with tower planning via Nvidia Omniverse

The new “digital twin” tech is already being used by Charter for its 5G planning Data analytics firm Heavy.AI and Nvidia on Tuesday announced HeavyRF, a new network planning and operations tool for telcos that leverages Nvidia’s Omniverse metaverse technology. The announcement came as part...

Harmoni Towers to acquire Parallel Infrastructure

Harmoni Towers said that the combined company will own and operate towers across 41 states in the U.S. Harmoni Towers, which is owned by investment company Palistar Capital, announced that it has agreed to acquire Parallel Infrastructure from funds managed by affiliates of Apollo Global...

Verizon, American Tower sign long-term lease deal to support 5G rollout

Verizon and American Tower Corporation have announced a long-term lease agreement designed to support the carrier’s 5G network deployment across the tower company’s U.S. communications sites. According to the pair, the deal will “provide a simplified and efficient leasing process through a contractual framework...

Globe Telecom sells thousands of towers in $1.28 billion deal

Globe Telecom has sold more than 5,700 of its mobile towers, with another 1,350 towers pending Filipino carrier Globe Telecom has confirmed the sale of 5,709 cellular towers in a deal worth $1.28 billion. According to the telco, the majority of the funds will go...