Summary of tower industry news across Asia
Australia: Telstra plans 5G expansion
Australian market leader Telstra has started marketing its first 5G-compatible smartphone and will make its 5G network accessible to the public before the end of the month. The company has already deployed its 5G network across ten cities and wants to expand its coverage to 35 over the next 12 months.
India: Airtel set target for IPO of Airtel Africa?
Bharti Airtel is planning to IPO its African division on the London Stock Exchange and is aiming to raise US$750mn. More information in the Africa news section.?
India: American Tower buys 13% of Tata’s JV
AMT has recently bought out a 13% stake from Tata Teleservices in their tower ventures for approximately US$356mn.