Towers

Data Infrastructure Trust, an Infrastructure Investment Trust sponsored by Canada’s Brookfield Asset Management, has completed the acquisition of American Tower Corp’s India unit for $2.2 billion (Rs 18,200 crore) by beating Indus Towers to become the biggest telecom towers company in the country.

Tawang to get more mobile towers for better connectivity after India-China clash

The development came after the India-China clash at Yangtse on December 9.

Vodafone teams up with KKR and GIP in 16 billion euros towers deal

A consortium led by the two infrastructure investors will buy up to half of Vodafone’s 81.7% stake in Vantage, and the joint venture will offer to buy out the minority shareholders at a price of 32 euros a share, Vodafone said.

Eros Group launches six towers in Greater Noida, total sales value estimated to be Rs 200 crore

The towers, comprising 378 units and spread across 14,000 sq meters in area, would be completed by early 2025.

Brookfield, ATC vying for Idea, Vodafone's tower assets: Report

According to sources, the newly merged telecom giants are in talks with Brookfield and ATC for sale of its telecommunications infrastructure. While the companies are running separate sale processes, the assets could be sold to a single buyer to get better returns.

Bharti Airtel to divest 950 towers in Africa, gains 2%

The company's subsidiary Bharti Airtel International (Netherlands) BV and Helios Towers Africa announced an agreement for the divestment of approximately 950 telecoms towers in the Democratic Republic of Congo (DRC) from Airtel to Helios Towers.

Skipper bags orders worth Rs 200 crore from PowerGrid Corp

It is for 765 kv double circuit transmission tower which would be supplied to various projects on a turnkey basis, the company said in a statement.

Bharti Infra up 12%, Temasek sells 1.7 cr sh; CLSA bullish

The brokerage forecasts 15-24 percent CAGR over FY15-18. Bharti Infratel has been gaining tenancy market share and the pace of market-share gain has accelerated.

Eyeing 25% CAGR in FY16; aim to increase exports: Skipper

Stating that the current times are good for power transmission companies, the company aims to grow its topline by 25 percent in FY16, said Sharan Bansal, Director, Skipper.

Mobile tower count likely to cross 5 lakh by 2020: Study

Mobile towers in India are likely to grow to over five lakh by 2020 from about four lakh at present due to increase in demand of wireless internet services, a study said on Wednesday.

Rules on spectrum to be submitted to Cabinet by June end

In a meeting on Thursday, Telecom Commission finalised the rules for telecom companies to share and trade spectrum, which will be submitted to the Cabinet by month end.

SC stays Raj HC order to uninstall Reliance Jio tower

Reliance Jio Infocomm Ltd had moved the apex court against the Rajasthan High Court's May 22 interim order, which also banned new installations.

BSNL to invest Rs 4,000 cr for network expansion

State-run telecom operator BSNL is investing Rs 4,000 crore in this fiscal to expand of its mobile network, which include installing 8,700 towers.

Reliance Jio-Rel Comm deal to accelerate 4G rollout: Expert

Telecom Analyst, Kunal Bajaj believes Reliance Communication's deal with Reliance Jio Infocomm, Reliance Industries' 4G telecom arm will help accelerate the 4G rollout.

Reliance Com to get Rs 240cr annually from Jio deal: Expert

Karan Mittal, telecom analyst, ICICI Direct believes the Reliance Communications-Reliance Jio Infocomm deal will earn an incremental contribution of Rs 240-250 crore per annum to RCom.

Spectrum fragmentation is the reason for huge No of towers

India could have done without such a large number of telecom towers if the government had not fragmented the spectrum distribution, Vodafone India chief Marten Pieters said today.

Bharti Infratel IPO price band set at Rs 210-240/share

The company has priced the issue between Rs 210 to Rs 240 per share and is expected to raise between Rs 4000 crore to Rs 4700 crore, The issue opens on December 11 and closes on December 14.