Cellnex is nearing the sale of its Austrian operations, with multiple offers on the table and advanced negotiations underway. This news, alongside strong first-half financial results, boosted investor confidence despite a net loss of €418 million. The sale is part of Cellnex’s strategy to divest non-core assets and focus on debt reduction and organic growth, resulting in improved revenues and reduced net debt.
This week, reports indicate that Verizon is considering selling up to 6,000 telecom towers across the US. This potential $3 billion sale aligns with a broader industry trend where telecom giants divest tower portfolios. For VoIP providers, this could mean enhanced infrastructure for better service delivery.
Qatar-based telecommunications company Ooredoo has announced its membership in the Nvidia Cloud Partner club, with plans to upgrade its AI data centers across the Middle East and North Africa (MENA) region using Nvidia’s Tensor Core GPUs. This move aligns with Ooredoo’s strategy to establish itself as the leading digital infrastructure provider in MENA.
Dutch telecommunications operator KPN has announced a partnership with pension fund ABP to form a new joint venture, temporarily named TowerCo. This entity will manage and operate 3,800 mobile towers and rooftop sites. KPN will hold a 51% stake in the venture, with ABP controlling the remaining 49%.
T-Mobile has announced an agreement to acquire the bulk of UScellular’s wireless assets, including its customer base, retail stores, and certain spectrum holdings. The total value of the transaction is $4.4 billion, consisting of cash and the assumption of $2 billion in debt.
Intelsat, a leading satellite connectivity firm, has joined forces with farming equipment manufacturer CNH to introduce connected tractors and other agricultural machinery to Brazil, enabling precision farming in remote regions. The initiative involves installing ruggedized multi-orbit satellite terminals on CNH farm equipment across Brazil. These terminals will leverage Intelsat’s global network to establish connectivity, facilitating the real-time streaming of data between farm equipment and cloud services.
A monumental step for Saudi Arabia’s Vision 2030 appears on the horizon as the Public Investment Fund and stc group plan to merge TAWAL and Golden Lattice Investment Company (GLIC). This partnership, expected to have a value of $5.85 billion and annual revenues near $1.3 billion, could be a game-changer in the telecommunications infrastructure domain.
Bridging the digital divide in vast and harsh terrains like the Scottish Highlands, VMO2 embarks on a novel approach, utilizing a constellation of Low Earth Orbit satellites from Starlink for critical backhaul services. Bypassing conventional, costly terrestrial infrastructure, VMO2’s tests have proven the potency of satellite technology in improving coverage across the UK.
Nvidia is setting its sights on a more significant role within the mobile networking sphere, particularly in the emerging field of 6G technology. At its annual GTC AI event, the company unveiled its ambitious 6G Research Cloud Platform, positioning itself as a key player in the next evolution of mobile technology. This initiative is designed to leverage Nvidia’s expertise in chips and AI, demonstrating its capabilities beyond the realm of 5G.
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.
