UPDATE Videotron, a subsidiary of Quebecor, has purchased Freedom Mobile from Shaw Communications to create Canada’s fourth national wireless provider. The transaction, which is subject to regulatory approvals, is expected to facilitate the regulatory approval of the merger of Shaw and Rogers. The combined business of Videotron and Freedom will […]
Business
China Tower (HKSE: 0078) is already the biggest tower company in the world. And it keeps getting bigger. In the 12 months, from June 30, 2021, through June 30, 2022, China Tower added 14,000 towers, bringing its total to 2,049,000. On top of that base, the company accelerated 5G network […]
Since Jessica Rosenworcel became FCC Chairwoman in January, the agency has been working to root out applicants provisionally awarded financial support through its Rural Digital Opportunity Fund (RDOF) program that allegedly can’t prove they can deliver the broadband services they claimed. The agency rejected two big initial winners on Wednesday […]
América Móvil (NYSE: AMX), headquartered in Mexico City, Mexico, has completed the spin-off of its telecommunications towers and other associated infrastructure in certain Latin America countries. AMX announced in late 2021 its intentions to separate its passive infrastructure assets from its telecom operations. Having received shareholder approval for the transaction, […]
The FCC on Friday established the Affordable Connectivity Outreach Grant Program. It’s meant to raise awareness about the nation’s largest ever broadband affordability effort, the Affordable Connectivity Program (ACP). The Second Report and Order approved by the Commissioners directs the agency’s Consumer and Governmental Affairs Bureau to develop, administer, and […]
DigitalBridge Group (NYSE: DBRG) has come a long way in a few years from a legacy real estate investment trust (REIT) to a proactive investor, owner, and manager of high growth digital infrastructure around the world. At the end of 2Q22, the company had successfully “rotated” out of traditional real […]
The FCC and the National Telecommunications and Information Administration signed an updated spectrum coordination agreement. It’s the first time the “Memorandum of Understanding” (MOU) has been updated in 20 years. The action is key as the federal government prepares to distribute billions of dollars in broadband infrastructure grants and loans. […]
American Tower (NYSE: AMT) is on a roll. The company reported in its 2Q22 earnings call that all key operating metrics were up by either low double-digit or high single-digit percentages. Total property revenue came in at $2.6 billion, up 17 percent over the $2.2 billion in 2Q21. Net income […]
BAI Communications (BAI), a global shared communications infrastructure provider based outside Sydney, Australia, has agreed to acquire ZenFi Networks (ZenFi), a U.S. East coast-based provider of digital infrastructure solutions and an innovator in small cell deployment, offload and roaming services, fiber connectivity and network edge colocation. This agreement represents a […]
Crown Castle (NYSE: CCI) expects to deploy about 5,000 small cells by the end of 2022. The company has an inventory of around 115,000 small cells that consists of 55,000 currently operating, or what CCI refers to as “on-air,” and the remaining 60,000 units on the books to be built […]