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 significant move to enhance its channel partnership program, CallTower has announced key promotions within its team, aiming to enrich its cloud-based communications solutions. The company, a global leader in unified communications, contact center, and collaboration solutions, has made strategic changes to ensure sustained growth and excellence in its partnership efforts.
Verizon has inked a new deal with the US Department of Defense (DoD) to install a 5G tower on Oahu, Hawaii. The $1 million project aims to address the longstanding issue of poor connectivity in the area surrounding the Army and Air Force Exchange Service’s (Exchange) HMR Express.
Brookfield Asset Management’s proposed $2.5 billion acquisition of American Tower Corporation’s Indian operations could redefine the country’s telecom landscape. This strategic move, merging around 75,000 of ATC’s sites with Brookfield’s digital infrastructure, would create the world’s second-largest independent tower company. However, government approval remains a necessary stepping stone.
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.
Cellnex, the infrastructure titan, is considering the sale of tower assets in Austria and Ireland in a push to offload financial burdens and deepen roots in the European market. This shift in focus, triggered by last year’s UK Hutch deal completion, aims for organic growth, investment-grade rating, and debt management via strategic divestments. CEO Patuano hints future cash generation post 2027 and potential interest in bidding for Deutsche Telekom’s GD Towers business, crafting a more efficient operational blueprint.
Unveiling an intriguing alliance, Liberty Latin America plans to sell 1,300 mobile tower sites to Phoenix Tower International for $407 million, paving a strategic path toward debt reduction and further enterprise investment. This comprehensive deal, incorporating markets from Panama to Puerto Rico, uniquely positions PTI in the telecom landscape and underscores Liberty Latin America’s focus on mergers and acquisitions to amplify its regional impact.
Phoenix Tower International’s acquisition of NOVEC’s German unit offers a lucrative entry point into a high-potential European market, despite a downturn in mergers and acquisitions within the tower sector. This pivotal move solidifies Phoenix Tower’s expansion strategy, leveraging Germany’s stature as Europe’s largest economy and a global wireless build-out hub. Intriguingly, Phoenix’s bold move contrasts with rivals like Cellnex, who have curbed spending due to financial pressures. This daring feat underscores the fluidity and continuous evolution in the telecommunications infrastructure sector.
Phoenix Tower International has bolstered its French network with two acquisitions totaling 1,978 sites, strategically placed in populous regions. With the latest addition of SFR-hosted and Bouygues Telecom sites, PTI’s French portfolio now stands at 3,600 sites which is expected to surpass 5,000 within two years. CEO, Dagan Kasavanas highlighted how these acquisitions will enhance wireless connectivity across France, positioning the country as a key player within PTI’s 21-country operation range.
As telecom giants Ooredoo, Zain and infrastructure expert TASC Towers embark on exclusive negotiations to form a massive mobile towers firm, the telecommunications landscape beckons a potential shift. Combining assets from Qatar, Kuwait, Algeria, Tunisia, Iraq, and Jordan, they plan on creating an autonomous company with a whopping portfolio of approximately 30,000 towers, directly rivaling industry leaders. Their strategic vision embraces a dual approach: stimulate shareholder value and reduce the MENA region’s carbon footprint.
