Towers

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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% …

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 …

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, …

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. …

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). …

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 …

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 …

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. …

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 …

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 …

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 …

$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 …

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 …

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, …