In a landmark move, Zain Group, Ooredoo, and TASC Towers Holding have officially inked a definitive agreement to merge their tower assets, forming a colossal entity valued at $2.2 billion. This strategic collaboration, originating from talks initiated in July, consolidates a combined total of 30,000 towers spanning Qatar, Kuwait, Algeria, Tunisia, Iraq, and Jordan, establishing the largest tower company in the Middle East and North Africa.
Ooredoo Oman initiates a tender for its tower infrastructure sale and leaseback, inviting top telecom firms to submit bids. This follows a global trend set by major operators like Vodafone, Deutsche Telekom, and Telefonica.
The telecommunications industry is one of the most dynamic industries in the world, driving innovation and having a significant impact both on society and business. In fact, regardless what industry you’re in, telecoms will most likely have an impact on your business. If you want to stay ahead of the competition, you must keep an eye on emerging trends and advancements in the telecom industry. So, what major telecom developments should we be on the lookout for in 2023? 5G satellites Looking ahead, we anticipate a surge in satellite access for both devices that directly access satellite connections as well as Non-Terrestrial Networks (NTNs) that employ spaceborne and airborne vehicles for transmission. It is an intriguing capability enabled by Low Earth Orbit (LEO) satellites, which are smaller, lighter, and far less expensive to manufacture, launch, and maintain than traditional geostationary and mid-orbit satellites. Many opportunities are made possible by 5G…
Indian billionaire Sunil Mittal sold a 0.84% stake in Bharti Airtel for $976 million, with 25% going to Bharti Telecom to strengthen its control. The rest was acquired by major investors like GQG Partners and Fidelity.
Telus, a leading telecom operator, is considering selling a minority stake in its wireless tower portfolio, aiming to strengthen its financial position. The potential divestment of up to 49.9% of its 3,000 towers could raise over CAD 1 billion, fueling debt reduction and aligning with broader industry trends of leveraging asset sales for growth.
AT&T’s acquisition of over $1 billion spectrum from UScellular enhances its network capabilities alongside T-Mobile and Verizon, marking a significant shift in the telecom landscape. With UScellular retaining crucial assets, the move aligns with evolving industry trends, focusing on infrastructure and Fixed Wireless Access services.
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.
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.
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.
