May 21, 2018 Last Updated 7:58 AM, May 18, 2018

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Crown Castle sells Australian subsidiary

AusBN – Telecoms tower-owner Crown Castle International has sold its Australian subsidiary CCAL for A$1.6 billion.

The company hopes to turn its attention to expanding its US network.

Proceeds from the acquisition will be used to finance its acquisition of Quanta Services subsidiary Sunesys.

Crown Castle CEO Ben Moreland said: "The sale of CCAL allows us to redeploy capital towards our growing small cell networks, which we expect will be accretive to our long-term AFFO and dividend per share growth rates.”

@AusBNOnline

Australia sees 20% increase in cyber-attacks

AusBN – The Defence Force Intelligence Unit has announced that cyber-attacks on Australian businesses and governments increased by 20% last year.

Banking, finance, resources and energy, defence capability and telecommunications were the most commonly targeted sectors.

Millions of cyber-attacks a day were recorded by the country’s biggest bank, The Commonwealth Bank.

Ben Heyes, the banks chief of Information Security, said: "We're seeing the tools that are available for executing a cyber-attack are becoming more widespread and becoming increasingly more sophisticated and, with that, we're seeing a large increase in the volume of attacks.

"We have categories of attacks that are designed to disrupt services and there are categories of attacks that are designed to gain access to an organisation's internal environment - to potentially withdraw from that intellectual property or data that's important."

The government recently opened the Australian Cyber Security Centre to counterattack the increase.

@AusBNOnline

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