tower assets

Globe Telecom highlighted the sale of another batch of towers gives it the flexibility to cover its 2023 debt servicing requirements in an environment of rising interest rates, with the deal bringing the total capital raised to PHP28 billion ($505. 2 million).

Australia-based TPG Telecom forged a deal to sell mobile tower and rooftop assets to Omers Infrastructure Management for AUD950 million ($664. 9 million), the last of the country’s mobile players to make a move to offload additional passive infrastructure.

Edgepoint Infrastructure acquired Asiaspace’s tower assets in Malaysia for an undisclosed amount and renamed the company Edgepoint Tower as it expands its footprint across Asia.

US Cellular CEO Kenneth Meyers resisted a suggestion from analysts the operator should sell its tower portfolio for cash, but hinted it would be interested in a strategic trade for spectrum assets.

True Move, the second largest mobile operator in Thailand, completed the sale of additional infrastructure assets valued at THB15. 7 billion ($512 million) to the Digital Telecommunications Infrastructure Fund.

Professional Telekomunikasi Indonesia (Protelindo) and state-owned Telkom Indonesia held discussions with Indosat Ooredoo about acquiring its tower assets, Dealstreetasia reported.

While it doesn’t make the headlines, an incipient trend is afoot. The traditional operator model of owning and operating towers (vertical integration) is changing to shared and leased access.