November 18, 2022 Turkey
Turk Telekom, a Turkish telecommunication company, has formed its cloud and data center businesses into a new unit. The telco launched Turk Telekom earlier in the month as a stand-alone business offering a virtual data center, backup, server, storage, and disaster recovery solutions. The state of...
Read more
November 11, 2022 Vodafone
Vodafone has announced the sale of some of its stake in Vantage Towers to Global Infrastructure Partners (GIP) and KKR while also creating a new joint venture with them. Per the deal, the tower unit is worth €16.1 billion ($16.1bn). The sale also sees Vodafone receive €3.2 billion ($3.2bn)...
Read more
November 07, 2022 Vodafone
Vodafone NZ has sold off its tower infrastructure business. The deal is reportedly worth NZ $1.7bn ($1bn). One of the owners of Vodafone NZ- Infratil said the conditions for the transaction has been met and the sale was completed in the first week of November. Co-investors in Vodafone NZ-...
Read more
November 04, 2022 Vodafone
According to Bloomberg, Investment company KKR is the frontrunner in the race to acquire Vodafone’s tower arm unit, Vantage Towers. The unit is worth a stunning $14 billion. KKR is competing with Cellnex Telecom for the acquisition. Vodafone is trying to sell off its 82% stake in the business to...
Read more
July 05, 2021 Vodafone
Vodafone Idea, an Indian telecom operator, wants to sell its optic fiber unit, fixed-line broadband subsidiary, and data center business to settle its debts. According to the Company’s latest financial books, Vodafone Idea has a gross debt of Rs 1,803.1 billion ($2.4 billion). It is looking to...
Read more