Lumen Technologies (NYSE: LUMN) has officially closed the sale of its Latin American operations to alternative investment firm Stonepeak for US$2.7 billion cash. The Latin American business, called Cirion, will operate as an independent portfolio company of Stonepeak. As a result of the transaction closing, Stonepeak has named Lumen's LATAM Regional President, Facundo Ca...

Emerging markets telecommunications operator Millicom (Nasdaq: TIGO) said it plans to deploy US$1 billion per year over the next three years in capital expenditure (CAPEX). The US$3 billion sum will be used on upgrading infrastructure and expanding the existing business according to chief executive Mauricio Ramos, speaking during the company’s Investor Day live stream. ...

US data centre real estate investment trust (REIT) Equinix (NASDAQ: EQIX) said it is currently undertaking US$1.51 billion investments to expand its footprint across 16 countries covering 23 major metros. The largest expansion slice resides in the EMEA region, where $823 million are being deployed. This includes projects in London, Paris, Milan, Frankfurt, Muscat, Genoa,...