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Telecom News

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Find the latest news about telecoms.

Stonepeak, an investment firm specializing in infrastructure and real assets, completed the acquisition of 49% interest in Cellnex Nordics. M&A

Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced that it has completed the acquisition of a 49% interest in Cellnex Sweden and Cellnex Denmark (“Cellnex Nordics”), the Swedish and Danish operations of Cellnex Telecom (“Cellnex”), Europe’s largest independent operator of wireless telecommunications infrastructure, for a total value of c. EUR 730 million, of which EUR 558 million is recognized upfront.

Mitratel, Indonesian tower company, has revealed its acquisition of 803 telecoms masts from local infrastructure entity Gametraco Tunggal. M&A

Mitratel is significantly expanding its telecom mast portfolio with the purchase of 803 towers from Gametraco Tunggal, marking a strategic move beyond Java Island. This $113 million acquisition not only increases Mitratel’s infrastructure landscape but also welcomes 1,327 new tenants. The company’s ongoing investment in fiber optic networks aims to enhance tower operations, and crucially support the anticipated deployment of 5G networks in Indonesia.

EXA Infrastructure announced extension of its network in the Mediterranean, linking Crete with mainland Greece via a second submarine route. Infrastructure

EXA Infrastructure, the largest dedicated digital infrastructure platform connecting Europe and North America, today announced the extension of its network in the Mediterranean, linking Crete with mainland Greece via a second diverse submarine route as part of its ongoing strategic investment to accelerate its customers growth.

The Advertising Standards Authority has pledged to enforce more stringent guidelines on mid-contract price changes in the telco industry. Telco Buzz

The Advertising Standards Authority (ASA) has ushered in stricter guidelines on mid-contract price changes in telecommunications, increasing the burden of clarity for operators. Historically, telecom contracts often obscured potential price fluctuations, misleading customers with allusions of fixed prices. These deceptive tactics, often rooted in fine print legalese, have necessitated ASA’s initiative for more transparent advertising. With Broadband and mobile contracts especially susceptible to annual adjustments, providers must alert customers clearly about prospective changes.

Telefónica, Spanish mobile operator, has recently signaled to labor union representatives its plans to reduce its workforce in Spain. Telco Buzz

Telefónica, the notable Spanish telecom giant, is hinting at sizable workforce reductions. Yet, figures conflict between reports, leaving uncertainty about the affected employee count. Amidst global economic instability, these layoffs align with Telefónica’s strategic shift to prioritize cash generation and operational excellence. Such a move echoes other industry leaders’ recent job cuts, suggesting a broader trend.

NTT, NTT DOCOMO, NTT Communications, and SKY Perfect JSAT have announced a strategic partnership with Amazon’s Project Kuiper. Telco Buzz

Nippon Telegraph and Telephone Corporation (NTT), NTT DOCOMO, and SKY Perfect JSAT join forces with Amazon’s Project Kuiper to turbocharge Japan’s telecom services. The partnership seeks to leverage Project Kuiper’s Low Earth Orbit (LEO) satellite broadband network, offering a breadth of connectivity to enterprises and government entities despite the nation’s geographical challenges. The strategic emphasis is on utilizing Kuiper’s capabilities for redundant communication networks, covering even hard-to-reach locations ramping up continuity of services after emergencies and natural disasters.