Indus Towers has expanded its portfolio by adding over 16,000 towers through agreements with Bharti Airtel and Bharti Hexacom. This acquisition strengthens Indus Towers’ position in India’s telecom sector
Vodafone is set to divest its remaining 3% stake in Indus Towers, marking a strategic exit from the Indian tower company. This decision aligns with Vodafone’s previous reductions and highlights its financial streamlining efforts.
UK-based telecom giant Vodafone is poised to divest its 21.5% stake in Indus Towers, according to undisclosed sources cited by Reuters. The company plans to execute the sale through block deals, involving transactions of at least 500,000 shares valued at a minimum of INR100 million ($1.2 million) per trading window.
Vodafone has sold its remaining 3% stake in Indus Towers for $330 million, marking its exit from the company. Proceeds were used to settle loans and increase Vodafone Idea’s ownership to 24.39%.
Vertical Bridge’s $3.3 billion acquisition of Verizon’s wireless communication towers marks a strategic milestone. This landmark deal signifies enhanced collaboration in telecommunications, propelling Vertical Bridge as a leading player in the market.
American Tower Corporation has completed the sale of its Indian operations to Data Infrastructure Trust for INR 210 billion ($2.5 billion). This significant move enhances DIT’s portfolio to 257,000 telecom sites, surpassing Indus Tower.
Vodafone Group has strategically sold a 10% stake in Vantage Towers for 1.3 billion euros ($1.4 billion). This aligns with Vodafone’s targets to reduce net debt. Vantage Towers manages 84,600 tower sites, enhancing coverage with small cell systems. The divestment strengthens Vodafone’s financial health while prioritizing debt reduction over asset control.
Axiata Group, a Malaysian telecommunications conglomerate, has announced the sale of its towers operations in Myanmar in a deal worth US$150 million with an undisclosed buyer. This decision reflects a growing trend among international telecom giants to exit Myanmar due to the country’s challenging economic and operational environment amidst ongoing civil conflict.
In a landmark move, Zain Group, Ooredoo, and TASC Towers Holding have officially inked a definitive agreement to merge their tower assets, forming a colossal entity valued at $2.2 billion. This strategic collaboration, originating from talks initiated in July, consolidates a combined total of 30,000 towers spanning Qatar, Kuwait, Algeria, Tunisia, Iraq, and Jordan, establishing the largest tower company in the Middle East and North Africa.
Ooredoo Oman initiates a tender for its tower infrastructure sale and leaseback, inviting top telecom firms to submit bids. This follows a global trend set by major operators like Vodafone, Deutsche Telekom, and Telefonica.
