Telefonica Deutschland Holding AG, the leading mobile operator in the German market, has announced an agreement to sell about 10,100 telecom sites to the group’s majority-owned tower infrastructure arm Telxius Telecom for EUR 1.5 billion. The acquisition deal includes 10,000 rooftop sites and up to 80 tower sites, as well as an obligation to build 2,400 new sites (BTS). This move will ensure the company’s exceptional future growth in Germany, Europe’s largest telecom market, where a robust deployment by operators is expected to improve mobile broadband coverage and secure the future deployment of 5G. Markus Haas, CEO of Telefonica Deutschland, said, “This is one of the largest and most important transactions in the history of Telefonica Deutschland. It represents an important milestone in focusing our business activities. We are pursuing a clear course based on our growth strategy. Within this strategy, we are focusing on further improving the quality of the O2 network for our…
Latest Posts:
- Darryll Dewan Unveils Top Data Center Trends for 2024
- Enreach for Service Providers Announces CloudCTI Partnership
- Microsoft-G42 Deal: Nurturing AI Innovation in UAE’s Tech Scene
- VMO2’s Satellite Strategy: Bridging UK’s Digital Divide Effectively
- T-Mobile’s 5G Impact: Balance in Spectrum Usage Needed
- Bridging Digital Disparity: Fiber Versus Fixed Wireless Access
- Samsung Regains Top Spot in Global Smartphone Shipments
- Vodafone Idea to Raise Over $2 Billion for 5G Rollout and Debt Payments
- Nokia Completes Optical Transmission Trial to Boost Large Hadron Collider Upgrade
Tag