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Airtel Africa plans tower sales to reduce USD 3.5 bln debt
2020-11-09 09:55:00| Telecompaper Headlines
(Telecompaper) Airtel Africa plans to sell about 4,500 telecommunication towers in five countries including Tanzania and Madagascar to help reduce USD 3.5 billion of debt and prepare for bond repayments, Bloomberg reported. The operator is also disposing of mobile masts in Gabon, Malawi and Chad, CEO Raghunath Mandava told Bloomberg in an interview. Mandava said Airtel is constantly seeking to bring down debt, and prefers to do so even faster with the tower deals.
Tags: sales
plans
reduce
africa
American Tower buys InSite Wireless for USD 3.5 billion
2020-11-05 15:04:00| Telecompaper Headlines
(Telecompaper) American Tower has agreed to buy InSite Wireless Group, adding around 3,000 sites to its footprint in the US and Canada. The company will pay USD 3.5 billion for InSite including assumption of its debt.
Tags: american
wireless
usd
tower
Vodafone Egypt acquires 40 MHz spectrum in 2.6 GHz band for USD 540 mln
2020-11-05 09:44:00| Telecompaper Headlines
(Telecompaper) Vodafone Egypt has acquired 40 MHz of 2.6 GHz TDD spectrum from the National Telecommunications Regulatory Authority (NTRA), with a ten-year licence term through to 2030. Payments will be phased over three years, with an initial payment of USD 270 million upon receipt of the spectrum and two other payments of USD 135 million due in 2021 and 2022 respectively.
Telecom Egypt obtains 20 MHz spectrum in 2,600 MHz band for USD 305 mln
2020-11-05 09:39:00| Telecompaper Headlines
(Telecompaper) Telecom Egypt has announced that the National Telecommunications Regulatory Authority (NTRA) has accepted and approved its financial and technical offer for additional spectrum that was submitted on 17 September. The company is expected to receive 20 MHz of spectrum in the 2600 MHz band, using TDD technology with a right of use of ten years for USD 305 million, of which 50 percent will be paid in US dollars upon signing the contracts.
T-Mobile to pay USD 200 mln fine for Sprint Lifeline abuses
2020-11-04 16:45:00| Telecompaper Headlines
(Telecompaper) T-Mobile US has agreed to pay the FCC a fine of USD 200 million after an investigation found Sprint was claiming federal subsidies for low-income households without providing the associated mobile services. T-Mobile assumes liability for the case following its takeover of Sprint earlier this year.
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