74 Results

Towers

Search

Elliott Investment Management criticizes Crown Castle’s underperformance, pushing for an overhaul, including a new leadership team and board. Boldyn Networks activates a ‘small cell’ near King’s Cross, partnering with EE to boost coverage and speed in London. AWS expands Amazon Bedrock with new generative AI features, including leading models, customization options, and safeguards. Windstream’s Kinetic is launching a $32.5 million fiber project in Georgia, partnering with an electric cooperative, aiming to connect 17,000 homes and businesses in Colquitt County.

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.

In the face of declining shares, Vodafone’s bold recovery strategy is underway. The shift from a net profit to a loss has been attributed to several factors including missing operations, adverse foreign exchange movements, and losses from joint ventures. Nonetheless, CEO Margherita Della Valle is leading a restoration plan that includes improving customer service and expanding Vodafone Business.

In a surprising shift, Cellnex decides to offload its private networks niche to Boldyn Networks, refocusing its operations back to its base business of towers. This comes despite previously earmarking the private networks sector as critical for growth and the Superlative successes recorded by Edzcom, the Finnish-based firm that designs and runs 4G and 5G networks. This transition aims to trim the company’s debt. In contrast, Boldyn Networks is ready to capitalize on the promising growth in 5G private networks, projected to hit $109.4 billion by 2030.

Virgin Media O2’s decision to offload part of its Corneridge UK towers business to GLIL Infrastructure for £360 million marks a key shift in telecom infrastructure ownership. However, this move falls short of industry valuations, indicating price reductions in the investment market. Despite this, VMO2 retains operational and strategic control in this critical asset, striving to enhance 4G connectivity and intensify 5G rollout. This move aligns with the firm’s wider strategy, marking the start of a potentially transformative series of ambitious deals, lightening its footprint while driving growth.

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.

Vocus, a well-known fibre operator in Australia, is in high-stakes discussions for a $4.2 billion bid on crucial assets of TPG Telecom, including Vision Network, its wholesale infrastructure arm. Although the deal is far from done, Vocus’ ambitious plans to strengthen its market presence make it a possible game-changer in Australia’s rapidly evolving telecommunications landscape. The telecom industry keenly observes how this potential acquisition will shape the competitive arena.