ABP takes majority stake in Dutch telecom towers operator

first_imgIn a joint statement, Corien Wortmann-Kool, ABP’s chair, said that the telecom sector was attractive to ABP “as it offered potential for strong growth and added to diversification within its infrastructure portfolio”.She added that the investment would contribute to managing and developing crucial infrastructure for mobile connection, in particular in the rural areas in the Netherlands.Earlier this year, ABP acquired a portfolio of 48 infrastructure assets for €700m from the Dutch Infrastructure Fund. Assets included the DUO government building in Groningen, the Montaigne school in The Hague, hospitals as well as part of the A15, the main access road to Rotterdam’s ports. Dutch civil service pension fund ABP has acquired a 75% stake in the Open Tower Company (OTC), which operates more than 800 telecom towers in the Netherlands.The OTC was previously owned by Rabobank and Novec, a subsidiary of power grid operator Tennet. Novec will keep its 25% stake, according to the four players.A spokesman for Rabo Bouwfonds Communication Infrastructure (CIF) said that the seller and buyer had decided not to provide financial details of the transaction.CIF and Novec set up OTC in 2009 in order to establish a telecom tower network for mobile communication in the Netherlands.last_img read more

Other Sports Virat Kohli Sings National Anthem Ahead Of Pro Kabaddi League Match

first_img For all the Latest Sports News News, Other Sports News, Download News Nation Android and iOS Mobile Apps. New Delhi: Indian cricket team captain Virat Kohli on Saturday said kabaddi became a globally recognised sport due to the fitness and determination of Indian players. Kohli attended the opening day of the Mumbai leg of the Pro Kabaddi League and witnessed the first match between U Mumba and Puneri Paltan, which was won by the Mumbai franchise.”Kabaddi has taken a leap in the sports culture in our country since the inception of Pro Kabaddi League. Seeing a sport that we all have played as kids get to this stature today gives a different feeling altogether, especially when you know that the Indian kabaddi team is one of the best ones in the world,” said Virat.”Then seeing how players from all over the globe come to India to be a part of the PKL shows that the level of the sport has been escalated exponentially. The reason kabaddi has become a world recognised sport is due to the fitness and determination of Indian kabaddi players,” he added. This the seventh season of the Pro Kabaddi League, which started in 2014.Here’s the Tweet: last_img read more

Wenger Defiant as City Closes in on EPL Title

first_imgArsene Wenger insisted he was still the right man to turn around Arsenal’s fortunes after a 2-1 loss to Brighton yesterday saw the Gunners suffer their fourth straight defeat in all competitions.Successive 3-0 reverses by Manchester City, the first in the League Cup final and the second in the league, could be explained in part by the dominance of Pep Guardiola’s runaway table-toppers, but the losses to Ostersunds in the Europa League and to Brighton verged on embarrassing.City won 1-0 at home to Chelsea later on Sunday, with Bernardo Silva scoring the decisive goal, as they moved a commanding 18 points clear of the chasing pack.First-half goals from Lewis Dunk and Glenn Murray put south coast club Brighton in command and, although Pierre-Emerick Aubameyang pulled one back before the break, that was as good as it got for the Gunners.Arsenal’s eighth loss since the turn of the year left their hopes of a top-four finish in tatters, with Wenger admitting it was “already gone” even before the Gunners were left 13 points adrift of the leading quartet.  Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more