Bharti Airtel raises $1.3B from African tower sales

India’s Bharti Airtel today announced the sale of tower assets in five African countries for $1.3 billion, which it said will be used to reduce debt. The company also confirmed it is in the process of further divestment in six other …

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American Tower, Carlyle among bidders for RCom’s tower unit

Reliance Communications (RCom) has received bids from five to six companies, including American Tower and private-equity firm Carlyle, to acquire a majority stake in its tower unit. The bids reportedly would value Reliance Infratel, the country’s third-largest tower company, at …

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Telecom Italia announces IPO for 40% of tower subsidiary

Telecom Italia (TI) has officially announced its intention to sell up to 40 per cent of its wireless tower unit through an IPO in Milan. TI’s fully owned subsidiary, Infrastrutture Wireless Italiane (INWIT), has been rumoured to be up for …

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Crown Castle sells off Australian mobile tower business for $1.6B

Wireless infrastructure player Crown Castle International is to sell off its mobile tower business in Australia to a consortium led by the country’s largest investment bank, Macquarie Group. The takeover will be funded by Macquarie Infrastructure and Real Assets fund, …

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America Movil pressing ahead with tower sale plan

Shareholders in America Movil have given the green-light to a plan to sell-off tower assets in Mexico, with a “favourable vote of 98.2 per cent” supporting the move. The company said in a statement that it has “been approved to …

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Asia Briefs: India’s Indus to use streetlights as cell towers, 4G drives China’s data usage up 75% & more

In a regular series, Mobile World Live‘s Asia Editor Joseph Waring provides a regional roundup of news snippets: India’s Indus to use streetlights as cell towers India’s Indus Towers plans to spend INR2.2 billion ($35.1 million) over the next three …

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Bharti Infratel reports strong Q3

Indian tower operator Bharti Infratel, benefiting from higher operator capex and falling energy costs, reported strong profit and revenue growth in the last quarter. Its profit for fiscal Q3 ending 31 December increased 23 per cent year-on-year to INR5.08 billion …

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True prepares to unload infrastructure assets

Thailand’s True is preparing to sell off its telecoms towers and fibre assets to reduce debt and fund 4G expansion. The infrastructure sale, which will be its second, to True Telecoms Growth Infrastructure Fund (TRUEGIF) will comprise 350 towers and …

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Airtel sells yet more towers in Zambia, Rwanda

Bharti Airtel agreed to sell 1,100 towers in Zambia and Rwanda to specialist player IHS Holding, as part of its move to divest its African infrastructure assets. Under the agreement, Airtel will lease the towers back for 10 years, after …

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