American Tower Corporation and Bharti Airtel Limited today announced they have entered into a definitive agreement, through Bharti Airtel Limited’s subsidiary company, Bharti Airtel International (Netherlands) BV (Airtel), for the sale of over 4,800 of Airtel’s communications towers in Nigeria. Airtel will be the anchor tenant on the portfolio under a lease with a ten-year initial term. American Tower and Airtel expect to close the acquisition during the first half of 2015, subject to customary closing conditions and regulatory approval. American Tower Corporation Friday announced that it reached an agreement with TIM Celular S.A. to acquire two portfolios of towers in Brazil. The first portfolio includes approximately 5,240 towers. The second portfolio includes approximately 1,240 towers, which are subject to certain preemptive acquisition rights held by third parties. The total consideration is expected to be approximately 3.0 billion Brazilian Reais (approximately $1.2 billion at the current exchange rate), subject to customary adjustments. American Tower intends to finance the acquisition in a manner consistent with its previously announced leverage targets.
Acculynk, a payment processor, today announced it is acquiring the intellectual property (IP) of PayPlum, LLC, an enterprise-class distributed PCI Compliance software solution focused on reducing the risk, costs and burden of safeguarding the acceptance and transport of sensitive payment card data within the online and mobile channels. In addition, Acculynk and PayPlum will form a strategic partnership whereby PayPlum will be a reseller of the solution to new and existing customers. The deal is expected to close shortly.
Telit Wireless Solutions today announced a collaboration with Google Cloud Platform to launch the first IoT Big Data Challenge, a competition aimed at promoting and accelerating innovation around the Internet of Things.
Verizon Wireless continues expand its retail experience with the opening of its newest Destination Store in Houston, Texas Monday, November 24. The 12,224 square foot, two-story store is designed to create an integrated, hands-on technology retail experience.
