0
Wireless

Vodafone Iceland parent Syn negotiates sale and lease-back of infrastructure

Monday 26 October 2020 | 09:37 CET | News
Vodafone Iceland owner Syn said it has reached an agreement with foreign investors on private negotiations and the main terms for a potential sale and leaseback of passive mobile phone infrastructure. The transaction would strengthen Syn's balance sheet and might yield a capital gain of over ISK 6 billion. Syn would then sign a 20-year lease-back agreement to ensure its continued access to the infrastructure.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Vodafone Iceland
Countries: Iceland
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Syn lifts Q3 revenue but EBITDA falls, aims for better FY EBITDA margin and cash flow

Published 05 Nov 2020 12:29 CET | Iceland
Vodafone Iceland parent company Syn reported an increase in revenue but a fall in EBITDA year on year in the third quarter of ...

Syn reports rise in Q2 revenue and EBITDA, mulls selling off parts of mobile network

Published 27 Aug 2020 12:55 CET | Iceland
Vodafone Iceland company Syn has reported a rise in second quarter revenue and said it would have shown a profit for the first ...

Why selling passive infrastructure creates value

Published 07 Aug 2020 10:23 CET | World
Selling infrastructure is a growing trend in the telecom industry, and more specifically, the passive infrastructure. This is a ...

Syn lifts Q1 EBITDA, revenue little changed with addition of hosting turnover

Published 14 May 2020 12:26 CET | Iceland
Vodafone Iceland company Syn said revenue for the first quarter of 2020 amounted to ISK 5.00 billion, up from ISL 4.98 billion a ...

Syn shareholders approve buyback, vote not to pay dividend

Published 20 Mar 2020 14:38 CET | Iceland
Vodafone Iceland parent company Syn  said shareholders at its AGM approved a motion not to pay a dividend for 2019. They also ...

Icelandic watchdog goes ahead with allocation of 5G spectrum to Nova, Siminn and Vodafone

Published 11 Mar 2020 10:07 CET | Iceland
The Icelandic Post and Telecom Administration (PTA) said it will go ahead with plans to allocate 5G frequency permits for 3.6 GHz ...

Selling passive network assets: a tragic mistake for the telco?

Published 06 Dec 2019 10:58 CET | World
More and more operators are looking at selling off passive networks. This underlines not only the value of such networks, but ...





Calendar   /   Industry Events

24 Nov Analog Devices fiscal Q4
24 Nov VMware fiscal Q3
24 Nov Dell Technologies fiscal Q3
24 Nov Xiaomi Q3 2020
24 Nov KPN Strategy Update 2020
24 Nov SD-WAN & SASE Summit
25 Nov Partner Communications Q3 2020
26 Nov Telekom Malaysia Q3 2020
26 Nov Axiata Q3 2020
26 Nov Megafon Q3 2020
30 Nov Zoom Video Communications Q3 2020
30 Nov NexTV Series MENA
01 Dec Hewlett Packard Enterprise fiscal Q4
01 Dec NGON & DCI World
::: More Calendar Items