Deals & M&A – Page 17
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M&A
EC clears Telefónica’s Bluevia fibre JV
Telefónica España gains pass to continue with rural fibre deployment in partnership with Predica and Vauban.
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M&A
Helios Towers warms up for Middle East kick-off
All boxes ticked in infra company’s long-delayed buyout of Omantel’s towers.
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M&A
BT’s Allera backs Vodafone–Three merger
Marc Allera says arguments against consolidation are “out of touch with the reality today”.
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M&A
Dealmaker Cellnex shifts to ‘stability’ in more turbulent times
”Unconditional” pursuit of investment grade status now the current driver of Cellnex strategy, enabling stronger shareholder returns and more options for expansion post-2024.
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M&A
FTTP buyer’s guide: consolidation rife among UK altnets
Fibre-building upstarts and established incumbents target multimillion-premises infrastructure within next several years, putting M&A on agenda for many.
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Strategy & Change
Vodacom plans SuperApp rollout as it closes in on Vodafone Egypt acquisition
“Progress made” in movement towards regulatory approval for Vodafone Egypt acquisition.
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M&A
Vantage CEO says ‘game still on’ for European mega tower merger
Part-sales of DT’s GD Towers and Vodafone’s Vantage have not blocked the path to a combination between the two TowerCos and/or Orange’s TOTEM, says boss Vivek Badrinath. Cornerstone takeover of interest after Vantage’s co-parents put their stake in play.
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M&A
Telefónica ‘confirms interest in UK towers stake’
Cornerstone joint venture parents looking at potential divestment from towers business.
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Partnerships & Alliances
Telefónica España ties with Orange’s Totem for 5G
Orange’s Ramon Fernandez hails ‘important deal’ with Spanish telco.
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M&A
Vodafone NZ completes €1bn passive towers sale
Owner Infratil indicates that all conditions for the transaction were met.
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M&A
INWIT boss: time not right for M&A
High cost of borrowing means new management taking “cautious approach” to consolidation.
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M&A
Telefónica and KKR look to purchase Entel fibre assets
ON*NET Fibra, the pair’s JV, could acquire infrastructure for almost $360m.
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Strategy & Change
CEO: Safaricom to keep Ethiopia control as IFC lines up stake
Peter Ndegwa tells local media that Safaricom will remain a majority owner of new Ethiopian venture despite pending capital injection by International Finance Corporation.
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M&A
Cellnex UK takes neutral host to new frontiers
CK Hutchison transaction looks set to complete “in the coming weeks”.
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M&A
Top EU lawyer casts shadow over telco M&A
ECJ Attorney-General says General Court wrong to rule against EC’s blocking of proposed O2–Three UK merger back in 2016.
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Financial & Performance
BT to face continued BT Sport losses, despite new JV
New joint venture with Discovery estimated to reduce Group revenue by £300m−£350m for FY22−23, with £500m−£600m cut from future FYs.
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Venturing & Investments
Vodafone goes French for German FibreCo deal
Read goes off-balance sheet with French telecoms group to build FTTP network passing seven million homes.
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Premium
TMUS offloads wireline business to Cogent
Unwanted fixed‑line Sprint assets to be sold for just $1.
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Operations
Brazil’s Oi demands buyers set aside cash in valuation dispute
Operators seemingly surprised by court order that requires BRL 1.5bn to be placed in holding account while valuation dispute resolved.
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M&A
BT mulling ‘various options’ for loss-making logistics business
Pelipod, enabler of the telco’s Final Mile network, is under review and could be offloaded.