Towers Page 2

Towers

We provide the latest Towers news, analysis and opinion. In the Towers sector we cover companies including American Tower (NYSE: AMT), Crown Castle (NYSE: CCI), SBA Communications (NASDAQ: SBAC), Cellnex Telecom (BME: CLNX), and Vertical Bridge. Within Towers, we focus on the sub-sectors of wireless cell towers, TV & radio broadcast towers and mobile sites located on billboards.

Our towers news discusses how towers serve as the core network and the current underpinning of 4G/LTE networks. Further, towers are also central to the performance of 5G networks. Towers news includes updates on increased carrier activity to support rising data usage, technological upgrades, and new spectrum deployment.

These wireless carriers lease vertical space on the tower so that they as tenants can place their communications equipment on the tower. Each tower has the capacity to support 4 to 6 of these different tenants.

Within our towers news coverage, we also discuss the business model of towers. Specifically, how towers are characterized by recurring revenue, rental escalators, long-term contracts (initial term of 5 to 10 years), high operating leverage / incremental margins, low maintenance capital expenditures and leases to investment-grade counterparties.

Beyond the traditional wireless carriers, our towers news scope also extends to companies that lease space on towers to TV and radio broadcasters, public safety, and Internet of Things providers.

Overall, there are 154k towers, with 350k+ tenants operating in the United States. This makes the tower sector an incredibly diverse market to share towers news, analysis and opinion, on a daily basis.

Vodafone New Zealand Aotearoa Towers InfraRed Capital HICL Infrastructure Northleaf

Brookfield, Infratil Sell Vodafone New Zealand’s 1,484 Towers for $1.05bn

Vodafone New Zealand, owned by Brookfield and Infratil, sells its 1,484 towers, via Aotearoa, for NZ$1.7 billion to InfraRed Capital (HICL) and Northleaf.
DigitalBridge Brookfield Deutsche Telekom Towers

DigitalBridge, Brookfield Buy 51% of Deutsche Telekom’s Towers at €17.5bn Valuation

DigitalBridge and Brookfield acquire a 51% of GD Towers for €17.5 billion, which comprises Deutsche Telekom’s 40,000 towers in Germany and Austria.
Ontario Teachers OTPP Spark Towers New Zealand

Ontario Teachers Takes 70% Stake in Spark New Zealand’s Towers for $550m

Ontario Teachers’ Pension Plan (OTPP) will acquire a 70% interest in Spark New Zealand’s 1,263 mobile towers for NZ$900 million ($550 million USD).
Phoenix Tower WOM Chile

Phoenix Tower Buys 3,800 Sites in Chile from WOM for $930m

Phoenix Tower International (PTI) will acquire 3,800 telecommunications sites from WOM in Chile, for total consideration of $930 million.
Digital 9 Infrastructure Arqiva CPP

Digital 9 Infrastructure Buys 48% of Arqiva for £459m from CPP Investments

Digital 9 Infrastructure will acquire a 48.02% voting stake in Arqiva Group for £459.3 million from Canada Pension Plan Investment Board (CPP Investments).
OMERS Infrastructure Stilmark Australia

OMERS Infrastructure Buys Stilmark, Scales Towers Presence in Australia

OMERS Infrastructure will acquire Stilmark Group, an independent developer, owner, and operator of mobile tower assets in Australia.
Peppertree Capital iSON Tower Philippines

Peppertree Capital Backs iSON Tower’s Roll-Out in the Philippines

Peppertree Capital partnered with iSON Tower Ltd Inc, an independent tower company, to fund the roll-out of cellular towers in the Philippines.
Communications Towers M&A Roundup

Communications Towers M&A Roundup – What’s for Sale?

Dgtl Infra provides a roundup of potential forthcoming communications towers M&A activity based on recent reports and market speculation.
Communications Towers Tower Roundup May 2022

Communications Towers Roundup – May 2022

Dgtl Infra provides a roundup of communications towers M&A activity and partnerships announced during the month of May 2022.
Cordiant Digital Infrastructure Hudson Interxchange HIX DataGryd

Cordiant Digital Infrastructure: CRA, Hudson Interxchange (HIX), Emitel

Cordiant Digital Infrastructure reported results as of March 31, 2022, and updated on its portfolio companies, CRA, Hudson Interxchange (DataGryd), Emitel.