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Airtel Africa to sell towers in 4 countries to Helios
2014-07-09 15:53:00| Telecompaper Headlines
(Telecompaper) Bharti Airtel has agreed to sell about 3,100 telecoms towers Helios Towers Africa (HTA). Under the deal, Airtel will divest towers in four countries in Africa, expanding HTA's footprint to over 7,800 owned towers. The deal will help Airtel deleverage through debt reduction and reduce ongoing capital expenditure. Airtel will have full access to the towers from HTA under a long-term lease contract, while related personnel will transfer to Helios. The agreement is subject to statutory and regulatory approvals in the respective countries. No financial details were disclosed. HTA operates in Ghana, Tanzania and the Democratic Republic of Congo. Airtel, which operates in these three countries and a total 17 nations in Africa, did not say which four countries are covered by the deal.
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Bharti Airtel sells 3,100 towers to Helios
2014-07-09 02:00:00| Total Telecom industry news
Deal could raise up to $2 billion for Indian operator; increases Helios' Africa footprint to 7,800 towers.
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towers
helios
airtel
More details emerge on new downtown office towers
2014-06-27 04:11:30| Real Estate - Topix.net
If all the new office buildings on the drawing books are built, they would drastically change Houston's downtown skyline.
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American Tower Corporation Announces Acquisition of BR Towers in Brazil
2014-06-16 11:03:10| Telecom - Topix.net
The purchase price of approximately 2.18 billion Brazilian Reais, subject to customary adjustments, will be satisfied with a combination of cash and the assumption of certain existing indebtedness.
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ATC acquires BR Towers for BRL 2.18 bln
2014-06-16 09:12:00| Telecompaper Headlines
(Telecompaper) American Tower Corporation (ATC) said it has agreed to fully acquire Brazil's BR Towers for BRL 2.18 billion from private equity investors GP Investments, Bradesco BBI, and other shareholders. BR Towers is expected to own around 2,530 towers and the exclusive use rights for about 2,110 more in Brazil at closing. The purchase price is subject to customary adjustments, and will be given in a combination of cash and the assumption of certain existing debt. ATC expects the towers to generate BRL 292 million in annual run rate revenues and BRL 181 million in annual gross margin. The deal is believed to be immediately accretive to adjusted funds from operations upon closing. The transaction is subject to regulatory approvals and other customary closing conditions, and is expected to close in the fourth quarter.
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