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XL Axiata sells telecom towers to Solusi Tunas for $460 million

XL Axiata billing

Indonesia’s second-largest telecoms PT XL Axiata Tbk has sold 3,500 towers to PT Solusi Tunas Pratama for $460 million. The tower deal is expected to be concluded by the end of the year, said XL Axiata in a statement on Wednesday. The sale is aimed at paying off some of its debt after the ...

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Verizon expands 4G LTE network coverage within Manchester, Maine

American telecom service provider Verizon Wireless on Tuesday said it expanded its 4G LTE network coverage within Manchester, Maine. After launching 4G LTE network in Maine in June 2012, Verizon Wireless recently enhanced network coverage along Route 202 and in the center of town. “4G LTE is ...

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Worldwide telecom carrier Capex to dip $6 bn in 2015: Dell’Oro Group

Worldwide telecom carrier Capex (capital spending) is expected to decline $6 billion in 2015, said Dell’Oro Group. The statement does not say what will be the total Capex by telecom operators next year. It also does not share region specific details. On the other hand, telecom Capex will grow ...

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Verizon Wireless expands 4G LTE network coverage in Rhode Island

Verizon 2

American telecom service provider Verizon Wireless on Monday said it recently expanded its 4G LTE network coverage in Glocester, Rhode Island. Verizon Wireless 4G LTE network in parts of Cooper Hill Road in Glocester and Burrillville offers data speeds up to 10 times faster as compared with 3G ...

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Qualcomm invests in real-time traffic information provider Birds Eye

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Qualcomm Ventures on Tuesday said it has invested in technology start-up Birds Eye Systems, which offers real-time traffic and travel information for Indian cities. Earlier, Birds Eye secured its first round of institutional funding from Matrix Partners India. Qualcomm Ventures does not ...

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