American Tower and Cellnex both acquire new allies
Giant Towercos American Tower and Cellnex have opted for partnerships to help them with the next phase of their expansion.
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American Tower
American Tower brings Stonepeak in to $10.5 billion data centre business
American Tower has agreed a multi-billion-dollar deal for a sizeable chunk of its nascent data centre business in the US, bringing in investment firm Stonepeak to help finance future growth.
Telefónica’s €7.7 billion towers sale is good news for Vodafone
Telefónica has agreed to sell its towers portfolio in Europe and Latin America to passive infrastructure specialist American Tower for €7.7 billion.
American Tower splurges $3.5bn on rival InSite Wireless
Coronavirus means the US-Canadian border remains closed, unless of course you’re in a position to spend billions on a couple of hundred phone towers there.
American Tower expands in Africa with acquisition of 723 towers
Telkom Kenya has announced it has reached a definitive agreement to sell up to 723 towers to American Tower, expanding the latter’s footprint to a fifth country in Africa.
Vodafone India completes €478mn tower sale
Vodafone has announced the completion of the sale of its Indian tower business to American Tower in a move to build the spreadsheets in preparation for the Jio battle.
Millicom offloads Colombian towers
Developing markets operator Millicom International Cellular, said Monday that its Colombian subsidiary had agreed to sell 2,126 cell towers to America Tower for $182m in cash.
MTN starts up tower sharing firm in Ghana
Pan-African carrier MTN has followed Vodafone’s lead in Ghana, embarking upon a tower sharing venture with specialist firm American Tower Corporation. MTN Ghana and American Tower are to establish a joint venture, TowerCo Ghana, to be 51 per cent held by American and 49 per cent held by MTN, with the operator as the anchor tenant, on commercial terms, on each of the towers being purchased.
Essar sells Indian cell tower unit
Wireless infrastructure operator American Tower Corporation (ATC) said Wednesday it has agreed to acquire a further 4,450 wireless communications sites in India via the purchase of Essar Telecom Infrastructure.
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