Australia's Fortescue eyes Brazil plant amid green hydrogen push reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Australia s Fortescue eyes Brazil plant amid green hydrogen push Reuters 15/03/2021 By Gram Slattery
By Gram Slattery
RIO DE JANEIRO (Reuters) - Fortescue Metals Group Ltd is looking to build a green hydrogen plant in Brazil, executives told Reuters on Monday, as the Australian miner acts on recently announced plans to go carbon neutral by 2030.
Fortescue Future Industries (FFI), a unit of the company, has signed a memorandum of understanding (MoU) with Porto do Açu, a major Brazilian seaport and industrial hub, to study the feasibility of installing a 300-megawatt green hydrogen plant onsite. The preliminary agreement, signed in late February, has not been previously disclosed.
Spanish telecom company Telefonica said on Wednesday it had agreed to sell its mobile phone masts owned by its Telxius division in Europe and Latin America to American Towers for 7.7 billion euros (US$9.41 billion) in cash.
By Lina Saigol Order Reprints Text size
Telefónica will reduce its debt following the $9.4 billion sale of its mobile phone masts to Boston-based American Towers. Getty Images
Shares in Telefónica soared almost 10% on Wednesday, after the Spanish telecom company struck a deal to sell its mobile phone masts in Europe and Latin America to U.S.-based telecom infrastructure operator
American Tower for $9.4 billion in cash.
The back story. European telecom companies have stepped up the sale of their valuable tower estates in recent years, as they look to cut their debt and raise cash to invest in the costly rollout of 5G networks to keep pace with the surge of data for applications such as fixed wireless and autonomous vehicles.