American Tower Corp said it would buy the parent of telecom tower operator Global Tower Partners for $3.3 billion as it seeks a bigger share of the billions of dollars that U.S. telecom carriers are spending to upgrade their networks.
American Tower (Boston, MA, USA) shares rose about 4.5 percent in late morning trade on the New York Stock Exchange as investors cheered the acquisition, the latest in a string of deals in the sector.
In a classic sale-and-leaseback arrangement, NII Holdings has agreed the $811 million sale of nearly 4,500 towers in Latin America to infrastructure company American Tower.
The company, which operates mobile businesses under the Nextel brand in Latin America, is to sell 2,790 towers in Brazil, for the sum of $413 million, and another 1,666 in Mexico, for $398 million.
NII Holdings (Reston, VA, USA) will then lease the towers from their new owner for a period of at least 12 years.
Indonesian tower owner and operator Protelindo is to receive a $50 million investment from the International Finance Corporation (IFC), a part of the World Bank.
The investment is intended to help Protelindo (Jakarta, Indonesia) build more towers and expand mobile coverage on the islands of Java, Sumatra and Kalimantan, as well as other parts of the country.
Two security experts said they have figured out how to spy on Verizon Wireless mobile phone customers by hacking into devices the U.S. carrier sells to boost wireless signals indoors.
The finding, which the experts demonstrated to Reuters and will further detail at two hacking conferences this summer, comes at a time of intense global debate about electronic privacy, after top-secret U.S. surveillance programs were leaked by a former National Security Agency contractor, Edward Snowden, last month.
Small cell radio equipment that boosts network coverage is providing big opportunities for telecom operators as they face growing demand for smartphone Internet access in busy streets, shopping centers and stadiums.
The devices - small radio nodes which provide network coverage over a range of between 10 and 200 meters - have been used by businesses and consumers to provide a signal in areas of poor coverage for years.
As many new LTE networks are deployed globally, some mobile users are starting to enjoy higher access speeds and a better overall user experience. Drive testing has demonstrated the capabilities of these networks to deliver up to 100 Mbps per user – at least while there are not many users. While the availability of devices capable of taking advantage of these higher capacity networks has been scarce, and hence the tele-density of LTE users low, operators have generally managed to boost existing backhaul networks to handle the added capacity.
On Wednesday, Nokia Siemens Networks announced it will launch a new CDMA base station, the Flexi Multiradio CDMA Base Station, next week at the International CTIA Wireless show in New Orleans.
On Monday, Nokia Siemens Networks announced that Softbank Mobile Corp is upgrading its mobile broadband network across Japan using its technology and services. Softbank has selected Nokia Siemens Networks to supply, deploy and integrate its 4G, FDD-LTE (Frequency Division Duplex – Long Term Evolution) network, which is expects to have running by the fall of 2012.
Mobile World Congress kicks off on Monday in Barcelona, which means major news will be coming from the telecommunications industry, specifically in regards to LTE. As LTE networks are being built out across the world new technology and services are being created.
This year, London will host the Summer Olympic Games. England last hosted the games in 1948, when mobile phones weren’t even invented. This year, the city and venues must prepare to handle the modern day technological issue of wireless communications. There will be a dramatic influx in mobile data and voice traffic by the spectators who have purchased almost 8 million tickets for the 302 events that will take place in London.