BROWSING: 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...

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...

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...

Christian Hillabrant will be responsible for Vantage Towers' digital transformation across Europe Vantage Towers has named Christian Hillabrant, former T-Mobile US and Ericsson executive, as its next CEO. The company’s current interim CEO Thomas Reisten, who took the job when former CEO Vivek Badrinath revealed...

$10 billion CoreSite acquisition gave American Tower combination of tower and datacenter infrastructure Although U.S. carriers are lowering capex as 5G deployments slow, American Tower is still seeing activity levels that are “really strong in the U.S. and around the globe. And it’s all about...

CFO says that carriers are moving into the densification phase of 5G Only about half of Crown Castle's cellular towers have been "touched with 5G," according to the company EVP and CFO Daniel Schlanger. That doesn't necessarily equate to the 5G build-out cycle being halfway...

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 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 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 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 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...

Orange and AMN will deploy roughly 500 base stations in rural Madagascar over the next ten years Orange Madagascar has signed an agreement with tower company Africa Mobile Networks (AMN) to build additional 2G and 3G infrastructure in the country’s rural areas. The pair said...

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...

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...

American Tower (ATC) has invested approximately $300 million in energy efficiency improvements and solutions Airtel Africa and American Tower (ATC) have announced a multi-year strategic partnership that involves communication sites across Kenya, Niger, Nigeria and Uganda and prioritizes extending digital inclusion to underserved communities and...