San Diego-based VelaTel Global Communications, which deploys and operates wireless broadband and telecom networks worldwide, will spend some $5.8 million to acquire 100 percent of the capital stock of mobile virtual network operator (MVNO) China Motion Telecom (HK) Limited. What VelaTel gets is access to such mainland China state-owned companies NGSN and China AerospaceAmerican Tower Corporation now owns the 93rd and 97th floors plus the rooftop of the John Hancock Center in Chicago along with the rights to the existing telecom leases associated with the property. The deal lets the company enter the Chicago-area broadcast market while boosting its rooftop portfolio in the region. The agreement includes more than 34,000 square feet of space for broadcast and telecommunications equipment, the rooftop and two broadcast masts.

The Daily

Subscribe

VP Harris Introduces Federal Policy Around AI Tools

In a continuation of what is a major week of conversation on Capitol Hill around artificial intelligence, VP Kamala Harris unveiled the first government-wide policy regarding the use of AI tools by federal

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

Apr 25
2024 Cablefax 100 Awards Magazine Release: April 25, 2024
Jun 13
2024 American Broadband Congress Conference Registration is Open!
Jun 26
2024 FAXIES Awards Nominations Are Open!
Full Calendar

Jobs

Seeking an INDUSTRY JOB?
VIEW JOBS

Hiring? In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors, The result will be an even more robust industry job board, to help both employers and job seekers.

Contact Rob Hudgins, [email protected], for more information.