Verizon has entered a $3.3 billion leaseback agreement with Vertical Bridge, impacting over 6,300 towers across the U.S. This marks one of the largest tower transactions in a decade. Verizon retains tower ownership while Vertical Bridge manages operation, enhancing their existing portfolio and bolstering U.S. wireless infrastructure.
At the recent United Nations Summit of the Future 2024, ZTE showcased initiatives to bridge the digital divide in remote regions using advanced digital technologies. Highlights included a 5G base station at Kekexili for real-time monitoring of endangered species and various 5G projects supporting environmental conservation.
Vodafone Idea has struck a $3.6 billion deal with Nokia, Ericsson, and Samsung to boost its 4G and 5G network capabilities over three years. This strategic move aims to expand 4G coverage and introduce 5G in select markets, enhancing their service offerings and network efficiency while meeting rising market demands.
India’s Supreme Court has upheld the $11 billion dues from telecom giants Bharti Airtel and Vodafone Idea, rejecting appeals to recalculate these AGR fees. Despite financial struggles and competitive market pressures, the court has ruled out any miscalculation claims.
Vodafone has faced a major setback as the Advertising Standards Authority (ASA) ordered the discontinuation of three ads deemed misleading. These ads claimed Vodafone offers identical broadband to BT at a lower price, which BT disputed. The ASA upheld BT’s complaint, emphasizing that network performance varies due to different hardware and technology.
This week, the FCC fined AT&T $13 million following a data breach that compromised 8.9 million customer records. Poor data security and a failure to enforce data deletion by a third-party vendor led to this significant violation.
Sparkle, Italy’s leading international service provider, partners with Nexim Global to boost global Internet connectivity. This collaboration, sealed at IBC2024, leverages Nexim’s 8,600 km fiber network and Sparkle’s IP Transit in Milan. Customers will benefit from high-speed, low-latency Internet and advanced DDoS protection, enhancing their online experience.
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.
Logicalis has announced remarkable progress in its environmental sustainability efforts, as detailed in the Responsible Business Report 2024. Notable achievements include a 27% reduction in scope 1 emissions and a 17% reduction in scope 2 emissions. These efforts align with Logicalis’s goal to reach net-zero emissions by 2050.
Astrotel, a leading Australian telecom provider, has partnered with Alkira to revolutionize telecom capabilities in the Asia Pacific region. This strategic alliance highlights their commitment to advancing connectivity solutions through Alkira’s innovative Network Infrastructure on Demand services. By leveraging cloud and AI technologies, businesses can expect enhanced network performance, flexibility, and cost-efficiency.
