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

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.

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.

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.

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.”

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"),.