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Tag: towers
China Tower's Asset Move Is Great For China Mobile, China Unicom And China Telecom
2015-10-19 20:43:21| Telecom - Topix.net
The three largest Chinese wireless companies all collectively own telecom towers that are essential for 4G deployment. Last week news broke that an entity called China Tower will take possession, manage and aid in the development of China's mobile industry.
Bharti African towers sale collapses
2015-10-16 02:00:00| Total Telecom industry news
India-based telco is unable to close deal with Eaton Towers for 3,500 cellsites in six markets.
Tags: sale
african
towers
collapses
China mobile operators get state support for towers venture
2015-10-14 15:15:00| Telecompaper Headlines
(Telecompaper) China's three mobile operators announced a final agreement for the structure of their planned towers joint venture. China Mobile, China Unicom and China Telecom will each transfer their tower assets to their joint venture company China Tower, established last year. In exchange they will receive a combination of shares in China Tower and cash. The cash will come from the new China Reform Corp, a state-backed company, which will subscribe to pay cash for shares in China Tower. After the introduction of the new shareholder and subsequent shares issues, China Mobile will own 28.0 percent in China Tower, China Unicom 28.1 percent, China Telecom 27.9 percent and China Reform 6.0 percent. China Tower will operate, manage and maintain the collective towers assets of the three operators, who will lease back access rights for the towers. Subject to a final agreement on the lease terms, the transaction is expected to close by the end of October.
Tags: support
state
china
mobile
Millicom takes 24% stake in Helios Towers Africa
2015-10-08 02:00:00| Total Telecom industry news
Telco to exchange holdings in towers companies in Ghana, DRC and Tanzania for stake in parent company.
Tags: takes
africa
stake
towers
Millicom gets 24% stake in Helios Towers Africa
2015-10-07 19:02:00| Telecompaper Headlines
(Telecompaper) Millicom and Helios Towers Africa (HTA) Africa's telecommunications tower company, have announced that Millicom will own 24 percent of shares in HTA on a fully diluted basis following a shareholding reorganisation. As a result of the reorganisation, Millicom will exchange shares which were previously held in HTA's tower companies in Ghana, DRC and Tanzania, into shares in HTA's parent company. This transaction will simplify the share ownership structure of HTA, align interest among shareholders and move Millicom's shareholding to the parent HTA company. The transaction does not change access to commercially sensitive information, which is held exclusively by HTA. In 2010, HTA acquired, through its different operating companies, a portfolio of 2,450 Millicom-owned towers in Ghana, DRC and Tanzania. At that time, Millicom retained equity stakes in the individual tower companies. These equity positions are now being exchanged for shares in HTA. HTA recently raised USD363 million in new equity from existing and new shareholders to fund acquisitions and new growth in existing markets. The share exchange is being undertaken at the same valuation as the funding round.
Tags: africa
stake
towers
helios
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