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Tag: tower
Pinnacle secures funding from KKR to develop telecom tower platform in Philippines
2020-11-03 09:43:00| Telecompaper Headlines
(Telecompaper) Global investment firm KKR has made an investment in Pinnacle Towers to power the company's plans to build a telecom tower platform in the Philippines. Pinnacle's principal subsidiary is Frontier Tower Associates Philippines. Pinnacle plans to use the fresh funds to expand the Philippines' telecom infrastructure and address the demands for telecom infrastructure in and around Southeast Asia.
Tags: develop
platform
funding
philippines
KKR funding tower company Pinnacle in the Philippines
2020-11-03 01:00:00| Total Telecom industry news
Today it has been announced that global investment firm KKR is investing in Pinnacle Towers, a company aiming to build the leading independent telecom tower platform in the Philippines. Pinnacle, the parent company of Frontier Tower Associates Philippines Inc (FTAP), specialises in build-to-suit telecom tower projects…read more on TotalTele.com »
Tags: company
funding
philippines
tower
Cellnex in advanced talks to acquire EUR 9 bln Hutchison tower business - report
2020-10-26 13:58:00| Telecompaper Headlines
(Telecompaper) Spanish infrastructure operator Cellnex Telecom is in advanced negotiations to acquire CK Hutchison's European mobile tower business for around EUR 9 billion, according to unnamed sources cited by Bloomberg. Cellnex is already Europe's largest towers company and has recently agreed to acquire 7,000 Polish cites from France's Iliad Group to increase its portfolio to 73,000 towers in 9 countries by the end of H1 2021. CK Hutchison and Cellnex have been in talks since at least July, when Bloomberg reported that the Hong Kong-based conglomerate was considering the sale of a minority stake in its European towers unit.
Tags: business
advanced
report
eur
Cellnex to buy tower infrastructure of Play in Poland
2020-10-23 10:46:00| Telecompaper Headlines
(Telecompaper) Spanish operator Cellnex has agreed to acquire the tower infrastructure of Polish operator P4 from France's Iliad group. Under the deal, Cellnex will buy about 7,000 sites, and pay EUR 800 million for a 60 percent controlling stake in the company that will manage those sites. The newly-created tower company plans to invest up to EUR 1.3 billion into rolling out of up to 5,000 new sites over the next 10 years. Iliad launched a takeover bid for Play last month and is expected to close that deal by November. The agreement between Iliad and Cellnex is expected to complete in the second quarter of next year. At that point, Cellnex will have 73,000 sites in nine countries.
Globe targets 900 new sites across the Philippines as tower deals begin to close
2020-09-11 02:00:00| Total Telecom industry news
The Philippines operators have come under the cosh from controversial president Rodrigo Duterte, who in July accused them of failing to deliver the connectivity the country deserves. “Don’t make us wait 10 years for services other countries are enjoying. Go and look for capital…read more on TotalTele.com »
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