By Reuters Staff
3 Min Read
STOCKHOLM, March 3 (Reuters) - Telecom towers have become the target of several big deals as Spain’s Cellnex and U.S.-based American Tower Corp race to increase their European footprint, eyeing the roll-out of next-generation 5G technology.
Cellnex’s rapid expansion will give the company more than 100,000 tower sites in its portfolio, compared with about 82,000 towers for Vantage, which was spun out of Vodafone Group .
American Tower, which has nearly 200,000 towers globally, has a quarter of that number in Europe, and about 170,000 towers are still owned by mobile network operators.
Here are some of the tower-related announcements since 2020:
By Reuters Staff
2 Min Read
STOCKHOLM, Feb 23 (Reuters) - Swedish steel venture H2 Green Steel is planning to build a fossil fuel-free steel plant in the north of Sweden, including a sustainable hydrogen facility, with production starting in 2024, it said on Tuesday.
The Lulea-based venture, which is in the process of closing 50 million euros ($60.7 million) in series A equity financing, said in a statement that by 2030 it plans to have an annual production capacity of 5 million tonnes.
“The project includes a giga-scale green hydrogen plant as an integrated part of the steel production facility,” it said.
The European Union has made hydrogen a key part of its plan to eliminate its greenhouse gas emissions by 2050, and is betting on a rapid scale-up to decarbonise steel, heavy transport and chemicals.
By Reuters Staff
(Adds detail, background, CEO quote)
AMSTERDAM, Feb 11 (Reuters) - Dutch investor HAL Trust is considering listing shares of Dutch online store Coolblue on the Amsterdam stock exchange this year, it said on Thursday.
HAL has a 49% interest in Coolblue, which last year reported revenue of about 2 billion euros ($2.43 billion) and earnings before interest, tax, depreciation and amortisation (EBITDA) of 114 million euros.
Coolblue’s revenue increased by about a third last year as coronavirus lockdowns boosted online shopping.
A specialist in consumer electronics and other household goods, Coolblue also operates a dozen physical stores in the Netherlands and Belgium.
By Reuters Staff
(Adds Eurohold comment, details, background)
SOFIA, Jan 19 (Reuters) - Czech utility CEZ has won regulatory approval to sell its Bulgarian assets to local financial group Eurohold, Bulgaria’s energy regulator said on Tuesday, clearing a long-delayed 335 million euro ($406.22 million) deal.
CEZ, central Europe’s largest list utility, has been seeking to pull back from most foreign markets and focus more on growing its renewables and energy services businesses, including in neighbouring Germany.
The sale of its Bulgarian assets follows a deal to sell its Romanian operations to Macquarie Infrastructure and Real Assets (MIRA).
Eurohold said it wants to create a leading regional utility and that it has now obtained all regulatory approvals for the deal, which was struck in June 2019 but was initially blocked by the competition regulator.