Showing posts with label Tower. Show all posts
Showing posts with label Tower. Show all posts

Tuesday, May 1, 2018

American Tower reports robust demand as sales grow 7.8% yoy

American Tower reported revenue of $1.742 billion for Q1 2018, up 7.8% over last year.

“The strong demand we experienced in late 2017 for our telecommunications real estate further accelerated in the U.S. as well as in our Latin America and EMEA regions in the first quarter of 2018. Notably, record levels of new business commencements, along with a robust pipeline of applications for both amendments and new colocations resulted in our increase in expectations for full year U.S. Organic Tenant Billings Growth to approximately 6.5% in 2018," stated Jim Taiclet, American Tower’s Chief Executive Officer.

During Q1, American Tower spent approximately $673 million to acquire nearly 10,600 sites primarily in international markets, including approximately 10,200 sites in India as part of its previously announced transaction with Vodafone India Limited.

Saturday, April 28, 2018

Bharti Infratel and Indus Towers to merge

Bharti Infratel and Indus Towers have agreed to combine their operations and properties into a pan-India company with over 163,000 towers across all 22 of the nation's telecom service areas. Indus Towers currently operates in 15 telecom service areas (“Circles”) and Bharti Infratel’s operations are focused on the remaining 7 Circles.

The combined company, which will use the name Indus Towers Limited and be listed on the Indian stock exchanges, will be the largest tower company in the world outside of China.

Indus Towers is currently jointly owned by Bharti Infratel (42%), Vodafone (42%), Idea Group (11.15%) and Providence (4.85%). It is intended that Idea Group will sell its 11.15% shareholding for cash concurrent with the completion of the deal. Vodafone will be issued with 783.1m new shares in the combined company, in exchange for its 42% shareholding in Indus Towers.


Monday, April 23, 2018

Brazil Tower raises $104M in debt financing for expansion

Brazil Tower Company (BTC), a privately-held, neutral host tower company with over 600 wireless towers currently in its portfolio, recently closed on US$79 million of a $104 million long-term senior secured debt financing with three international lenders led by Cordiant Capital of Montreal, Canada.  BTC expects to close on the remaining $25 million of financing during Q3 of this year. 

BTC, whose customers include the major wireless operators including Telefonica, TIM and Claro, plans to use the funds to add 600 more towers.

"We are very excited about the growth we are realizing in Brazil through new tower development and new collocations and amendments.  Our backlog of new towers and pipeline for growth is the strongest we have seen since 2015," said Tom Staz, BTC's Chief Financial Officer and a partner at 1848 Capital Partners in Miami, BTC's primary equity sponsor.  "With the support of our new debt facility and a large inventory of customer orders, we will continue to strategically rollout new tower sites over the next 18 - 24 months to double the size of our tower portfolio and triple the cash flows of the business."

Monday, December 18, 2017

ATP grows into largest tower company in the Andes

Andean Tower Partners (ATP) has acquired Torres Unidas from Berkshire Partners for an undisclosed sum. The acquisition adds 1,644 sites to ATP's portfolio of digital communication infrastructure assets to ATP, which now has over 2,150 sites, and manages more than 32,000 master leased sites and 13 small cell networks deployments in Colombia, Peru, and Chile.

The former CEO of Torres Unidas, Daniel Seiner, will become the CEO of the combined company and Estrella Zaharia will continue with her responsibilities as Chief Marketing Officer.

ATP said it is now the largest privately-owned tower company in the Andean Region.

"We are excited about the continued progress of ATP following our successful institutional capital raise earlier this year," said Marc Ganzi, Chairman of ATP, and Founder and CEO of Digital Bridge Holdings. "We see a significant tower deficit in the Andean Region, and this acquisition will enhance ATP's ability to meet an increasing need for telecom infrastructure as our wireless carrier partners continue to densify their networks to keep up with anticipated data consumption in the region. We are also equally excited about the combination of these two management teams to ensure execution of our business plan and most importantly meeting the coverage objectives of our customers in the region."

"The combined portfolio will give Andean Tower Partners an enhanced footprint in the region, and we are eager to continue to help operators densify their 4G networks and bring the dream of 5G to life in our region," said Seiner. "These are exceptionally high-quality assets and locations that will allow us to offer an even more compelling value proposition to carriers as they look for a preferred partner that can deliver a full suite of solutions to support their growth in the region."

Monday, November 20, 2017

American Tower buys network infrastructure in Mexico

American Tower Corporation completed its previously announced acquisition of KIO Networks’ infrastructure subsidiary in Mexico. The deal includes more than 50,000 concrete poles and approximately 2,100 route miles of fiber, primarily located in Mexico’s key urban centers. The price was approximately $500 million in cash.

Hal Hess, American Tower’s EVP and President, EMEA and Latin America, stated, “We are pleased to close this transaction, which we expect not only to enhance the value of our existing tower portfolio in Mexico, but also to better position American Tower to capture a larger share of future urban 4G network densification efforts and the eventual rollout of 5G.”

Citigroup acted as American Tower's exclusive financial adviser and Kilpatrick Townsend & Stockton and Holland & Knight as its legal advisers.

American Tower, one of the largest global REITs, has a portfolio of approximately 149,000 communications sites.

Monday, December 16, 2013

Crown Castle Completes Tower Deal with AT&T

AT&T and Crown Castle completed a previously announced  $4.85 billion deal under which AT&T will lease the rights to approximately 9,100 of its company-owned wireless towers to Crown Castle.   The deal also includes the sale of approximately 600 AT&T towers to Crown Castle.

Under the terms of the leases, Crown Castle will have exclusive rights to lease and operate approximately the towers, including the option to sublease to other carriers. The average term of the lease rights is about 28 years. As the leases expire, Crown Castle will have fixed price purchase options, totaling approximately $4.2 billion, for these towers based on their estimated fair market values at the end of the lease terms.

AT&T will sublease capacity on the towers from Crown Castle for a minimum of 10 years for $1,900 per month per site, with annual rent increases of 2 percent. AT&T has the option to renew up to a total of 50 years. AT&T will also have access to additional reserve capacity on the towers for future use. AT&T expects the additional capacity will help it continue to meet growing demand for mobile Internet services. The transaction will have no impact on the customer experience.

Sunday, October 20, 2013

AT&T and Crown Castle Sign $4.85 Billion Tower Deal

AT&T and Crown Castle announced a $4.85 billion deal under which AT&T will lease the rights to approximately 9,100 of its company-owned wireless towers to Crown Castle.   The deal also includes the sale of approximately 600 AT&T towers to Crown Castle.

Under the terms of the leases, Crown Castle will have exclusive rights to lease and operate approximately the towers, including the option to sublease to other carriers. The average term of the lease rights is about 28 years. As the leases expire, Crown Castle will have fixed price purchase options, totaling approximately $4.2 billion, for these towers based on their estimated fair market values at the end of the lease terms.

AT&T will sublease capacity on the towers from Crown Castle for a minimum of 10 years for $1,900 per month per site, with annual rent increases of 2 percent. AT&T has the option to renew up to a total of 50 years. AT&T will also have access to additional reserve capacity on the towers for future use. AT&T expects the additional capacity will help it continue to meet growing demand for mobile Internet services. The transaction will have no impact on the customer experience.

“This deal is good for AT&T and our shareholders,” said Bill Hogg, Senior Vice President — Network Planning and Engineering, AT&T Services Inc. “This deal will let us monetize our towers while giving us the ability to add capacity as we need it. And we’ll get additional financial flexibility to continue to invest in our business, maintain a strong balance sheet and return value to our shareholders.”

http://www.att.com
http://www.crowncastle.com/index.aspx


  • In December 2012, Crown Castle purchased approximately 7,200 towers from T-Mobile USA for $2.4 billion in cash.  
  • Also in 2012, Crown Castle International acquired NextG Networks for approximately $1.0 billion in cash.  NextG, which specialized in outdoor distributed antenna systems ("DAS"), had over 7,000 nodes-on-air and a further 1,500 nodes under construction. In addition, NextG had rights to over 4,600 miles of fiber. Over 90% of NextG nodes were in urban and suburban locations, with 80% in the top ten US metropolitan areas, including New York, Los Angeles, Chicago and Dallas Fort Worth.

Wednesday, October 9, 2013

CTI Towers Raises $30 Million Debt Financing for Tower Acquisitions

CTI Towers, a wireless tower operator with more than 800 wireless towers throughout the United States, secured up to $30 million in debt financing and closed its first third-party acquisition, purchasing five towers from a major wireless carrier.

CTI Towers said the deal extends its strategy beyond Comcast, from whom it has acquired 230 towers to-date.

“We remain committed to helping our customers meet deadlines for new cell sites and network deployment,” said Tony Peduto, Chief Executive Officer, CTI Towers. “We will continue to seek strategic acquisitions to fuel growth as the wireless industry responds to the demand for wireless broadband services.”

http://www.ctitowers.com

See also