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Atlas Towers sells SA unit to SBA for $140m

Bloomberg Atlas Tower Pty Ltd is selling its South African tower portfolio to shareholder SBA Communications Corp for 2 billion rand ($140 million). The US company will dispose of more than 900 towers in Africa’s most industrialised economy to SBA, Atlas Chief Executive Officer Nathan Foster said in Johanesburg. The agreed price takes account of previous investments made by the ...

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Tech firms urged to up fight against fake info

Bloomberg Google, Facebook Inc and Twitter Inc need to continue to boost efforts to combat disinformation on their platforms, the European Union said, as it repeated warnings it could introduce legislation. The companies’ actions helped limit interference in the European Parliament elections in May and provided greater transparency around political ads, the European Commission, the bloc’s executive body said. But ...

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Chinese firms scrambling to survive Trump blacklist

Bloomberg The co-founder of China’s SenseTime Group Ltd was visiting New York to encourage more collaboration with the US on artificial intelligence when he heard the news: The Trump administration had blacklisted his company. So much for more cooperation. Xu Bing, the 29-year-old co-founder, knew SenseTime was at risk given rising tensions between China and the US, but the timing ...

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