Helios Towers achieved its first positive cash flow in 2024 by prioritizing colocation over new builds, boosting revenue and raising adjusted EBITDA by 14% to $421 million. CEO Tom Greenwood emphasized a $100 million free cash flow gain and a focus on increasing tenancy ratios to 2.2x by 2026 while reducing debt for sustainable growth.
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
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.
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.
Vantage Towers is considering selling its Spanish telecom tower assets amid a pricing conflict with Vodafone Spain. In collaboration with Morgan Stanley, the sale could fetch €1 billion, attracting interest from firms like Cellnex and American Tower.
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.
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.
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.
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.
