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Tag: towers
BCI, Brookfield buy 175,000 communication towers from Reliance in India
2020-09-02 10:53:00| Telecompaper Headlines
(Telecompaper) British Columbia Investment (BCI), alongside Brookfield Infrastructure Partners, have acquired a 100 percent stake in a telecom tower company in India from Reliance Industrial Investments, a subsidiary of Reliance Industries. The total equity commitment for the transaction is USD 3.4 billion. The investment comprises a portfolio of around 135,000 communication towers which forms Reliance Jio Infocomm's telecommunication network.
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communication
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Vodafone names towers company Vantage, plans IPO in Frankfurt in early 2021
2020-07-24 09:38:00| Telecompaper Headlines
(Telecompaper) Vodafone Group has presented the name Vantage Towers for its infrastructure company. With over 68,000 sites across nine markets in Europe, the company has nearly EUR 1 billion in estimated annual revenues. Vodafone said it plans to list Vantage on the Frankfurt stock market in early 2021, while maintaining a majority stake in the business.
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Zain KSA, Mobily plan to offer both companies' towers to investors
2020-07-06 10:24:00| Telecompaper Headlines
(Telecompaper) Zain KSA has signed a Memorandum of Understanding (MoU) with Mobily to form a committee to draw up a request for proposal (RFP) to buy their telecoms towers, merge them into one company with other investors, or operate them on their behalf. The MoU aims to raise participation in telecom towers to maximise efficiency and improve the communication and information technology system under the supervision of the Communications and Information Technology Commission (CITC).
Telefonica set to sell 10,000 German towers for 1.5bn
2020-04-28 02:00:00| Total Telecom industry news
According to Spanish newspaper Expansion, Telefonica, via its subsidiary O2 Deutschland, is in talks to sell 10,000 of its German mobile towers to Telxius for an enormous €1.5 billion. The deal was first speculated about back in September last year…read more on TotalTele.com »
TIM, Vodafone sell joint 8% stake in Inwit towers unit for EUR 800 mln
2020-04-23 08:57:00| Telecompaper Headlines
(Telecompaper) Telecom Italia (TIM) and Vodafone Italia have sold an 8 percent stake in their jointly-owned towers company Inwit for a total of around EUR 800 million with a view to reducing debt. In separate statements, TIM and Vodafone each confirmed that they successfully completed the sale of 41.7 million shares of Inwit, equal to around 4.3 percent of the share capital, at a price of EUR 9.60 per share, resulting in gross proceeds to each company of around EUR 400 million.
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