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Syn agrees towers sale and lease-back, sells stake in Faroese associate

2021-04-01 09:51:00| Telecompaper Headlines

(Telecompaper) Vodafone Iceland parent company Syn said it has signed an agreement for the sale and leaseback of passive mobile infrastructure to international investors, which it did not name...

Tags: sale associate agrees sells

MTN Group plans sale and leaseback of part of South African tower portfolio

2020-12-10 09:57:00| Telecompaper Headlines

(Telecompaper) MTN Group is looking to sell and lease back part of its portfolio of 13,000 South African telecom towers, Bloomberg reported. It said this is a sign that new CEO Ralph Mupita seeks to build on a disposal plan begun by his predecessor. Mupita said MTN is considering the strategic and financial merits of the plan, which would build on similar transactions MTN has completed in countries such as Ghana and Uganda.

Tags: part group sale south

Vodafone Iceland parent Syn negotiates sale and lease-back of infrastructure

2020-10-26 09:37:00| Telecompaper Headlines

(Telecompaper) Vodafone Iceland owner Syn said it has reached an agreement with foreign investors on private negotiations and the main terms for a potential sale and leaseback of passive mobile phone infrastructure. The transaction would strengthen Syn's balance sheet and might yield a capital gain of over ISK 6 billion. Syn would then sign a 20-year lease-back agreement to ensure its continued access to the infrastructure.

Tags: sale parent infrastructure iceland