towers

Ooredoo Group CEO Aziz Aluthman Fakhroo revealed the company was in final stage talks with potential investors in its towers, Bloomberg reported, with the operator expected to conduct the long expected spin-off of the assets later this year.

PLDT continued a run of tower sale and rental moves by closing a deal to offload 650 sites for PHP9. 2 billion ($165. 6 million) to a local company backed by Aboitiz InfraCapital and Partners Group.

Ooredoo Group reportedly attracted broad interest in a potential sale of its 20,000 mobile towers, with Saudi Arabia’s Public Investment Fund (PIF) tipped to have entered the fray alongside a host of dedicated players.

Spark New Zealand completed a deal to sell 70 per cent of its stake in its TowerCo business to the Ontario Teachers’ Pension Plan Board, after receiving government approval.

Ooredoo Group outlined plans to separate its towers from the main business, a move confirmed weeks after speculation it was considering selling-off the assets completely.

Indosat Ooredoo Hutchison reportedly prepared to sell another batch of towers to raise capital to fund its LTE network expansion across Indonesia.

America Movil moved its towers and related assets across several Latin American countries into an independent company, with the new business set to sell access to the infrastructure to other players in its markets.