Category: Towers

Millicom offloads 1,100 Colombian towers to KKR

This week, Millicom’s subsidiary Tigo Colombia has agreed to sell around 1,100 of its mobile towers to US investment firm KKR. The towers will be managed by KKR in partnership with NEXO LatAm, the digital infrastructure platform that manages KKR’s fibre investments throughout Latin America.

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Vodafone UK pitches shared funding model to solve battery dilemma

In December, Ofcom launched a consultation on network resilience, noting the increasing importance of connectivity in our daily lives and subsequently of network outages’ disruptive impact. Indeed, the consultation seems to be partly inspired by the disruption caused by recent winter storms, as well as the ongoing shut down of the Public Switched Telephone Network (landlines).

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Virgin Media O2 mulls tower sale 

Virgin Media O2 (VMO2) have entered into exclusive talks to sell its stake in joint venture tower unit subsidiary Cornerstone (CTIL) to GLIL infrastructure. Reuters reports that, according to four anonymous sources, the deal could be worth £2.5 billion.

GLIL emerged on top in an auction held earlier this year for a part of VMO2’s 50% stake in the towerco, with sources suggesting a deal could be finalised as early as next week. 

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