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Hutchison and Cellnex confirm 'advanced talks' over EUR 10 bln tower asset sales

2020-11-04 10:57:00| Telecompaper Headlines

(Telecompaper) CK Hutchison, the parent company of mobile operator 3 Group, has confirmed recent reports that it is in advanced negotiations regarding the sale of its European mobile tower business to Spanish operator Cellnex Telecom, already Europe's largest mobile towers company. In a statement, CK Hutchison said it has reached "substantial agreement" on the key commercial terms for the disposal of the telecommunications infrastructure assets in Europe held indirectly by its CK Hutchison Group Telecom Holdings subsidiary to Cellnex. It added that total proceeds on completion of the transactions would amount to around EUR 10 billion, including minority partners' shares. 

Tags: advanced sales eur confirm

 

Advanced Skills Shortage Rains on Cloud Advances

2020-11-03 13:35:00| TechNewsWorld

More than 90 percent of IT leaders surveyed for a recent report expect to expand their cloud services in the next one to three years. Despite this testament to the benefits of cloud adoption, enterprises may find a lack of qualified IT workers to fill those positions. A majority of cloud team leaders identified a lack of internal skills and knowledge as a top barrier to cloud success.

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MCTV selects MOBITV for advanced TV services

2020-10-27 14:40:12| Digital TV News

MOBITV has announced that MCTV of Massillon, OH, has selected MOBITV Connect managed services for delivery of MCTV Stream, its streaming video content and Internet-based services to residential subscribers in Ohio.

Tags: services advanced selects mobitv

 

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

 

WM & Advanced Disposal Required to Divest Assets by DOJ

2020-10-26 12:39:00| Waste Age

As expected, the U.S. Department of Justice (DOJ) announced that it is requiring Waste Management to divest assets in order to proceed with its $4.6B acquisition of Advanced Disposal Services (ADSW) that was announced in April. The An

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