Showing posts with label Towers. Show all posts
Showing posts with label Towers. Show all posts

Wednesday, December 15, 2021

DigitalBridge forms ÍslandsTurnar - mobile towers for Iceland

DigitalBridge Group announced the formation of an independent mobile tower company in Iceland through the merger of the telecom tower portfolios of Sýn and Nova, two leading Icelandic mobile network operators.

The new company, called ÍslandsTurnar, is backed by funds affiliated with DigitalBridge Investment Management. Both Sýn and Nova will be long-term customers of ÍslandsTurnar.

ÍslandsTurnar is the first independent tower company of scale in Iceland with national coverage to support the MNOs as they execute their 5G deployment plans. Sýn and Nova are slated to be long-term dual-anchor tenants on all of the Company’s towers and the transaction includes a material BTS 

DigitalBridge said the deal expands its presence in the Nordics, as the firm acquired Finland-based Digita Oy, an independent tower operator with a national portfolio of sites, in 2018.

“The creation of ÍslandsTurnar is a unique opportunity to establish a leading independent tower company in Iceland and support both Sýn and Nova in their operation of high-quality mobile networks as well as accelerating their 5G network deployment,” said Marc Ganzi, President and CEO of DigitalBridge. “We are excited to play a role in Iceland’s stable, attractive and digitally advanced telecom market, bringing DigitalBridge’s deep experience of successfully owning and operating tower portfolios on a global basis.”

“This is an exciting opportunity to set up the first independent tower company in my home market of Iceland. We are proud that two anchor tenants of the caliber and technical experience of Sýn and Nova have entrusted us with their mission-critical network infrastructure. I am looking forward to working with DigitalBridge to deliver high-quality telecommunication infrastructure services in Iceland,” said Joakim Reynisson. Mr. Reynisson, an industry veteran with more than 30 years of telecom experience, has been appointed Chief Executive Officer of ÍslandsTurnar effective immediately. Prior to this role, Mr. Reynisson was Chief Technology Officer of Nova for over a decade.


Tuesday, December 14, 2021

Zain Jordan to sell and leaseback 2,607 towers

Zain Group in Jordan entered into a 15-year agreement with TASC Towers to sell and leaseback the passive physical infrastructure of its 2,607 tower portfolio in Jordan. The deal is valued at US$88 million. The transaction includes an additional 223 sites transferring to TASC Towers on a managed basis. Zain Group holds a 25% minority stake in TASC Towers.

The deal also includes TASC Towers managing Zain Jordan’s supporting facilities such as power generators, fuel tanks and protection kiosks as well as a build-to-suit agreement allowing for a minimum of 525 network sites to be built over the next five years.

Zain Jordan will retain its active infrastructure, including wireless communication antennas, intelligent software, and intellectual property with respect to managing its telecom network.

TASC Towers, headquartered in Dubai, is an international tower operator focused on sale and leaseback, build-to-suit and growth capital investments in the MENEASA market (Middle East, North & East Africa and South Asia).

Bader Al-Kharafi, Zain Vice-Chairman of Group CEO said: “This transaction is consistent with Zain’s ‘4Sight’ strategy to create significant value for shareholders through the unlocking of capital and optimization of infrastructure assets which will flourish under the management of an independent team. As a strategic shareholder, we are committed on supporting TASC Towers’ regional expansion in making it a leading operator of telecom infrastructure.”

Al Kharafi added, “The deal gives Zain Jordan greater flexibility to invest in network upgrades and cutting-edge ICT technologies to meet the ever-increasing demand for reliable broadband access and data consumption. It will also enhance operational efficiencies and enable a laser focus on the operator’s core business and customers to offer them the best mobile and data experience in the Kingdom of Jordan.”

This transaction follows similar pioneering deals with respect to 1,620 towers in Zain Kuwait and a recent announcement in Zain Saudi Arabia to sell its 8,100 tower infrastructure. 

http://www.tasctowers.com

https://zain.com/en/press-release/zainjordan_tasc


Tuesday, November 23, 2021

DOCOMO solidifies capital structure with JTOWER

DOCOMO plans to acquire part of JTOWER shares held by NTT Corporation and become a shareholder with 2.5% voting rights in the future.

DOCOMO started using the JTOWER's Infra-Sharing solution for its 4G network in 2016 and has expanded the use of the solution nationwide. 

From October 2020, DOCOMO started using 5G IBS at the time JTOWER installed 5G IBS in the Tokyo Metropolitan Government as the first 5G Infra-Sharing in Japan, and also began using Smart Poles(2) in the Nishi-Shinjuku area of Tokyo. Both companies have continued to promote the use of Infra-Sharing through these activities.

In addition to considering ways to develop new indoor and outdoor networks and the efficient use of existing towers, the companies will develop an efficient 5G network which will lead to the reduction of capital investments and other costs, power consumption, and installation spaces. Going forward, the companies will aim to realize the early expansion of 5G coverage by promoting Infra-Sharing.

JTOWER has previously announced capital and business alliances with KDDI and Rakuten Mobile.

JTOWER investor presentation - November 2021

https://ssl4.eir-parts.net/doc/4485/ir_material_for_fiscal_ym2/108514/00.pdf

NTT West to sell 71 mobile towers to JTower

NTT West agreed to sell 71 of its owned telecommunications towers to JTOWER. NTT West will then lease back the same facilities.

Under the deal, NTT Group will provide JTOWER and telecommunications companies attracted by JTOWER with optical fiber service required for 5G and NTT's telephone office building spaces required for the installation of telecommunications equipment. In addition, NTT Group will advise to support operations such as construction and maintenance, to contribute to the early development of 5G, and on the optimization of capital expenditures.

https://group.ntt/en/newsrelease/2021/07/08/210708a.html


Sunday, November 7, 2021

Orange launches TOTEM, its European TowerCo

Orange officially launched TOTEM, its wholly-owned European TowerCo which will be operationally independent from the rest of the Orange Group.  

TOTEM will offer mobile infrastructure sharing offers to operators. It will also sell sell coverage solutions to improve connectivity in dense and enclosed environments: stadiums, underground stations, trains, offices, etc.

Orange has transferred all of its key European passive mobile infrastructure assets (sites, land, leases and leases to third parties) to TOTEM.

As of 1 November 2021, TOTEM’s passive mobile infrastructure portfolio includes over 26,000 sites in France and Spain, the two largest countries where Orange is present. TOTEM France will manage 18,500 macro-sites with a mix of 58% tower sites, 30% flat roofs and 12% in other locations. TOTEM Spain will manage 7,900 macro-sites, distributed equally between tower sites and flat roofs.

At launch, TOTEM has around one hundred employees in France based in seven cities (Lille, Nantes, Toulouse, Marseille, Paris, Lyon, Donges), around fifty employees in Spain based in eight cities, and approximately twenty people working for TOTEM Group.

Stéphane Richard, Chairman and CEO of Orange, said: “TOTEM’s operational launch is an important milestone in our European infrastructure strategy. The creation of this entity will allow us to derive value from our passive mobile infrastructure, for which we have exceptional operational expertise. By opening up these assets to other operators, we will optimize its use. We are determined to support TOTEM on both a strategic and financial level, to make it an undisputed leader on the European market and to keep control of this strategic asset as part of a long-term industrial vision. By retaining control of our infrastructure, we have made a crucial decision for our future growth.”

Nicolas Roy, CEO of TOTEM Group, said: “Launched first in France and Spain, TOTEM has become a new player for regional development in Europe. TOTEM will create value for all stakeholders - operators, landlords and real estate players, regional authorities, companies -, thanks to its connectivity solutions and equipment sharing. TOTEM’s teams will rely on the excellence of its mobile infrastructure and a thorough understanding of its customers’ needs to develop connectivity services everywhere, in both rural and urban locations.”

https://www.totemtowers.com

Thursday, July 8, 2021

NTT West to sell 71 mobile towers to JTower

NTT West agreed to sell 71 of its owned telecommunications towers to JTOWER. NTT West will then lease back the same facilities.

Under the deal, NTT Group will provide JTOWER and telecommunications companies attracted by JTOWER with optical fiber service required for 5G and NTT's telephone office building spaces required for the installation of telecommunications equipment. In addition, NTT Group will advise to support operations such as construction and maintenance, to contribute to the early development of 5G, and on the optimization of capital expenditures.

https://group.ntt/en/newsrelease/2021/07/08/210708a.html


Wednesday, June 30, 2021

Telstra sells a 49% stake in its towers business

Telstra will sell a 49% share in its Telstra InfraCo Towers business, which consists of approximately 8,200 towers across Australia, to a consortium comprised of the Future Fund, Commonwealth Superannuation Corporation and Sunsuper.

The transaction values Telstra InfraCo Towers at $5.9 billion, representing an FY21 pro forma EV/EBITDAaL multiple of 28x. Telstra expects net cash proceeds after transaction costs of $2.8 billion at completion and the Towers entity will have no debt. Completion is expected in the first quarter of FY22.

Telstra intends to return approximately 50 percent of net proceeds to shareholders in FY22.


Telstra CEO, Andrew Penn said today’s announcement was a significant T22 milestone and an acceleration of Telstra’s strategy to unlock value in these assets. Our T22 strategy is delivering on multiple fronts and I am proud of what we have achieved. Today’s announcement is a further endorsement of the strategy, as the establishment of our infrastructure assets as a separate business was designed to enable us to better realise the value of these assets, take advantage of potential monetisation opportunities and create additional value for shareholders and that is exactly what today’s announcement achieves,” said Mr Penn.



Tuesday, March 23, 2021

Helios Towers to acquire mobile towers from Airtel Africa

Helios Towers plc reached an agreement with Airtel Africa to acquire its passive infrastructure operating companies in Madagascar and Malawi and enter into exclusive memorandum of understanding arrangements for the potential acquisition of its passive infrastructure assets in Chad and Gabon. The total price for the passive infrastructure companies in Madagascar and Malawi is $108 million. 

This represents 2,227 existing mobile tower sites across Madagascar, Malawi, Chad and Gabon. The deals are expected to make Helios Towers the largest independent telecommunications infrastructure company in each of Malawi, Chad and Gabon with strong market share in Madagascar.

Helios Towers said all four nations - Madagascar, Malawi, Chad and Gabon - represent compelling markets for telecoms with a combination of a young, growing and increasingly urbanised populations plus high GDP growth.

https://www.heliostowers.com/



Wednesday, February 24, 2021

Vodafone advances plan to spin-off tower business

Vodafone took another step toward spinning off its tower business as an independent business by completing its nomination of directors to a Supervisory Board.

The Supervisory Board of Vantage Towers will comprise nine members, led by independent Chairman Dr. Rüdiger Grube. The Supervisory Board will bring deep expertise in the towers sector and across the telecommunications industry, strong operational and M&A experience, together with high standards of financial and technical expertise.

In addition to Dr. Rüdiger Grube, who brings over 30 years’ experience including as a senior executive at Daimler, CEO of Deutsche Bahn and Chairman and non-executive director of Airbus, the nominated independent members of the Supervisory Board of Vantage Towers are:

Katja van Doren, who currently serves as Chief Financial Officer and Chief Human Resources Officer at RWE Generation SE. Prior to her current role, Ms. van Doren held a number of senior finance positions at RWE and Innogy. Ms. van Doren is also expected to take the role of the Chair of the Vantage Towers Remuneration and Nomination Committee following her election

Charles C. Green III,a co-founder and previously the Executive Chairman of Helios Towers, a leading independent tower company in Africa, operating over 7,000 sites across 5 markets. Mr Green was previously CFO at communications infrastructure business, Crown Castle International, including at the time of its IPO. He is currently a non-executive director and advisor on the Board of edotco Group, a leading infrastructure company in South Asia with a regional portfolio of over 31,500 towers. 

Terry Rhodes, a co-founder and previously the CEO of Eaton Towers, a high growth pan-African tower company which operated approximately 5,700 sites at the time of its acquisition by American Tower Corporation in early 2020. Eaton Towers was built through a combination of M&A transactions and greenfield investments. Earlier in his career, Mr Rhodes was a co-founder of Celtel, the African mobile telecommunications company, where he served as Deputy CEO. 

https://www.vodafone.com/news/press-release/vantage-towers-announces-remaining-supervisory-board-nominations

Tuesday, February 2, 2021

Pacific Gas and Electric sells tower rights for $973 million

Pacific Gas and Electric (PG&E), the leading electric utility in northern California, agreed to its license agreements with wireless providers that attach their equipment to certain electric transmission towers and other utility structures to SBA Communications for $973 million. 

The sale of these licenses applies to over 700 towers. PG&E is not selling any transmission towers as part of this transaction.

PG&E is also entering into a strategic relationship with SBA, through SBA's wholly owned subsidiary, to sublicense and market equipment at additional attachment locations on up to 28,000 transmission towers across PG&E's extensive network. Through this arrangement, PG&E will receive a portion of future revenues from these sublicensed equipment attachment locations.

"This transaction adds a significant portfolio of high quality, exclusive locations to our outstanding existing US macro tower portfolio and SBA expects these assets to generate approximately $39.5 million in Tower Cash Flow in their first full year in our portfolio," said Jeff Stoops, President and Chief Executive Officer of SBA Communications. "As 5G network deployments are now a reality, we are excited to use our vast experience and industry leading position in order to facilitate the future additional use of these assets by wireless service providers for the collective benefit of the wireless industry, PG&E and SBA. We are also particularly pleased about the opportunity to work closely with PG&E over the coming years to maximize wireless deployments across their extensive network of transmission towers."

Thursday, November 12, 2020

Cellnex to acquire 24,600 European towers from CK Hutchinson

Cellnex Telecom will acquire c.24,600 telecommunications towers and sites across Europe from CK Hutchison for EUR 10 billion. The transactions include the roll-out of up to 5,250 sites over the next eight years with an investment of c. EUR 1.4 billion including further initiatives.

Cellnex Telecom is already Europe’s leading operator of wireless telecommunications and broadcasting infrastructures with a portfolio of 61,000 sites including forecast roll-outs up to 2027. Cellnex operates in Spain, Italy, Netherlands, France, Switzerland, the United Kingdom, Ireland and Portugal.

The acquisitions are structured as six separate transactions – one for each country. Cellnex to pay cash at closing  of the acquisitions of Sweden, Austria, Italy, Ireland and Denmark, and with cash and new Cellnex shares at closing of the UK transaction.

Cellnex Chairman Franco Bernabè highlighted “the transformational nature of the agreements, which strengthens Cellnex’s position as one of the main Europe-wide telecommunications infrastructures operator, with a portfolio of c. 103,000 sites once the transactions and rollouts are complete. We will now be present in three new significant markets –  Sweden, Austria and Denmark – and will further build upon our role as a key operator in three of our core markets, namely Italy, the UK and Ireland.”

https://www.cellnextelecom.com/

Monday, December 16, 2019

Brookfield acquires 130,000 towers from Reliance Jio for $3.7 billion

by James E. Carroll

Brookfield Infrastructure Partners will acquire a 100% stake in a telecom tower company in India from Reliance Industrial Investments and Holdings Limited for US$3.7 billion, of which Brookfield Infrastructure will invest approximately $375 million, with the balance being funded by its institutional partners.

The deal includes approximately 130,000 communication towers that forms the infrastructure backbone of Reliance Jio’s mobile network.

Brookfield says the majority of the towers are connected by fiber backhaul, which provides a unique platform to capitalize on the rollout of 5G and future technologies. Jio is an anchor tenant of the tower portfolio under a 30-year Master Services Agreement, providing a secure source of revenues for the tower company.

“This is a unique opportunity to invest in a large-scale, high-quality telecom business and participate in India’s high-growth data industry,” said Sam Pollock, Chief Executive Officer of Brookfield Infrastructure. “This is an attractive business that offers downside protection with meaningful upside by co-locating equipment from other Mobile Network Operators on the towers, which to-date, have only carried Jio equipment. Further growth is anticipated through a tower build-out program, which is expected to bring the portfolio to approximately 175,000 towers.”


AT&T sells 31 data centers to Brookfield Infrastructure for $1.1 billion



AT&T completed the sale of its data center colocation operations and assets to Brookfield Infrastructure and its institutional partners for $1.1 billion. This includes 18 Internet Data Centers (IDC) in the United States and 13 outside the United States. The colocation data center operations serve a diversified customer base of more than 1,000 companies. Brookfield has established a wholly owned company, Evoque Data Center Solutions ("Evoque"),.