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India OKs BSNL towers spin-off

2017-09-13 02:00:00| Total Telecom industry news

The Indian government has given the go-ahead for state-owned telco BSNL to spin off its towers business into a separate company…read more on TotalTele.com »

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Axiata spends close to $1bn on Pakistan towers

2017-08-30 02:00:00| Total Telecom industry news

Malaysia's Axiata on Wednesday announced that it has brokered a deal to acquire 13,000 telecoms towers from Pakistan Mobile Communications Ltd (PMCL), strengthening its position as a multi-national towers operator. The telco has partnered with Pakistani investment conglomerate Dawood Hercules Corp on the deal. Together the pair have agreed to pay US$940 million for Deodar, PMCL's towers subsidiary. They will fund the deal through a combination of $600 million in external local debt and an equity split of $174 million from Axiata's edotco business and $166 million by Dawood Hercules…read more on TotalTele.com »

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Indonesia towers firm on the block

2017-08-17 02:00:00| Total Telecom industry news

Solusi Tunas Pratama (STP) is reportedly up for sale, a move that could bring consolidation to Indonesia's telecom towers market. The firm's private equity owners Carlyle and Southern Capital have appointed an adviser to help them find a buyer for their stakes in the towers company…read more on TotalTele.com »

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NYC Council Approves Midtown Rezoning, Paving Way for New Towers

2017-08-10 03:11:00| National Real Estate Investor

With the changes, about 6.5 million square feet (604,000 square meters) of new offices could be built in the area, which is anchored by Grand Central Terminal.

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