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MTN confirms sale of towers to IHS in Rwanda, Zambia
2013-12-20 12:23:00| Telecompaper Headlines
(Telecompaper) MTN Group announced that it has agreed to sell its tower portfolios in Rwanda and Zambia to IHS Holding. MTN will sell a total of 1,228 mobile towers to IHS's subsidiaries in Rwanda and Zambia, comprised of 524 and 704 towers respectively, for undisclosed amounts. The sale of the towers is in line with MTN's asset optimization strategy and builds on two previous deals with IHS in Cameroon and Cote d'Ivoire, for a total of 1,758 towers. Under the agreements, IHS will acquire and operate the towers and related passive infrastructure and will invest in a build-to-suit programme to support MTN's future requirements in both countries. MTN Rwanda and MTN Zambia will become the respective anchor tenants on the towers for an initial term of ten years. The transactions bring the total number of towers in IHS's portfolio to 10,500. IHS will market services on the towers in Rwanda and Zambia, promoting tower sharing and colocation. Each transaction is expected to close independently during the first half of 2014, subject to customary closing conditions.
Tags: sale
zambia
rwanda
towers
INDIA: Tilaknagar Industries confirms interest in IFP Agro brands
2013-12-17 17:48:00| Daily beverage news and comment - from just-drinks.com
Tilaknagar Industries has confirmed it is looking at "certain brands" of IFB Agro, but added that no "conclusive" deal has been made.
Tags: interest
india
brands
industries
NZ govt report confirms Chorus cash shortfall
2013-12-16 01:00:00| Total Telecom industry news
National broadband network company faces up to NZ$250 million funding gap.
Ziggo confirms new takeover approach from Liberty Global
2013-12-12 09:46:00| Telecompaper Headlines
(Telecompaper) Dutch cable operator Ziggo said it's in talks on a possible deal to be acquired by Liberty Global, its largest shareholder. Ziggo issued a statement following stock market rumours that Liberty had made a new approach to the company. No details of the proposed offer were announced. In October Ziggo rejected an offer from Liberty Global as "inadequate". Liberty, which already owns the cable operator UPC in the Netherlands, holds a 28.5 percent stake in Ziggo.
Tags: global
approach
liberty
confirms
AkzoNobel Confirms Sale of German Paint Stores\n
2013-12-12 06:00:00| Coatings World Breaking News
Tags: sale
german
paint
confirms
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