Deals & M&A – Page 21
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M&A
KKR reiterates Telecom Italia interest
Private equity giant said to have made fresh request to begin due diligence. Follows €10.8bn made in November 2021. TI remains hopeful of its own revival plan via Open Fiber merger.
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M&A
Indian government urged to speed up Vi equity conversion
Debt-for-equity swap yet to go through after months in limbo. Vi said to believe completion is key to securing further investments. Move would give Indian government a 35.8% stake in Vi.
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M&A
Telefónica Tech boosts Microsoft partnership with Incremental acquisition
Incremental Group to be integrated into Telefónica Tech UK&I. £175m fee dependent on future performance. Acquisition sees Telefónica Tech UK&I become one of Microsoft’s largest partners in the UK.
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M&A
Vivendi head sees Telefónica–Prisa “synergies” as acquisition rumours continue
Arnaud de Puyfontaine wants strategy alignment with “common vision”. Local reports claim Spanish Prime Minister Pedro Sánchez “does not look favourably” on potential Vivendi involvement with Telefónica. Atresmedia also in the frame as part of convoluted acquisition scene in Spain.
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M&A
Former Telefónica business Atento seeks sale — reports
LatAm contact centre operator hires Goldman Sachs to advise on options, with sale on the table, according to Bloomberg. Telefónica partner and former subsidiary sees share price spike on news.
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Operations
Deutsche Telekom puts tower business up for sale
Group said to be prepping auction of 40,600 masts with an €18 billion price tag attached. Cellnex and American Tower reportedly putting together offers.
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M&A
Orange demands part-refund on 2021 Romania buy
Orange seeking a €24m retrospective discount on purchase of OTE’s majority stake in Telekom Romania, completed last year. OTE says it is examining the claim.
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M&A
Vodafone in talks with investors on 21% Indus stake
Group to participate in Vi’s planned capital raise. Vodafone agrees to sell 4.7% Indus stake to Bharti Airtel. Vi troubles have increased ‘trade receivables’ at Indus over several quarters.
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M&A
Vodafone Spain faces new challenge as MÁSMÓVIL turns to Orange
Planned JV would become biggest mobile operator in Spain with more than 20 million subscribers. Vodafone left with fewer options in Spain as two nearest rivals join forces.
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Network & Infrastructure
Cellnex wins over BT and CMA to secure Hutchison UK tower merger
BT appeased by recent strengthening of its own Cellnex partnership. Cellnex to complete €10bn, six-country deal following approval of UK merger.
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M&A
Private equity fund offers to buy TIM’s INWIT stake
Telecom Italia looks set to further slim its interest in its towers JV with Vodafone. French fund Ardian leads the consortium of prospective buyers, with a majority share of TIM’s 15.4% stake on the table.
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M&A
INWIT eyeing European towers for potential M&A
Vodafone and Telecom Italia TowerCo joint venture lays out framework for “financial flexibility”, enabling M&A when opportunities arise. CEO Giovanni Ferigo claims organic growth remains the focus, but admits interest in smaller European players. Capital allocated to enable inorganic options.
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M&A
Vodafone explores sale of Indus Towers stake
Group plans to use some of the proceeds to take part in Vi fundraising exercise. Bharti Airtel could buy another 4.7% stake in Indus Towers. Indus security arrangements have been modified, but TowerCo still protected from Vi weakness. In Europe, Vodafone could lose Telecom Italia as partner in ...
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M&A
Telefónica preps new vehicle for digital M&A in Brazil
Local operating business Vivo indicates it may channel deals through a new platform as it seeks to build out its digital services ecosystem. Move would extend Vivo’s control over M&A and provide an alternative route to Telefónica’s central Wayra and Tech divisions.
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M&A
Telefónica Tech UK&I hints at more acquisitions
Telefónica Tech to continue UK shopping spree this year. After snapping up Cancom UK&I, division wants to expand cloud and cybersecurity presence in the region.
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M&A
Nabiax mulling sale of ex-Telefónica data centre bundle
Business set up through Asterion–Telefónica partnership reported to be assessing demand for set of eleven data centres in Americas. Move appears to shift focus of Nabiax, and its commercial tie-up with Telefónica, towards Spain. Centres were picked up in 2019 and 2021, as part of Telefónica’s trimming of Hispam ...
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M&A
BT Italia offloads SAP services subsidiary
BT Global continues ‘global not national’ streamlining programme with the sale of Italian IT outsourcing outfit ERPTech. €4m+ deal leaves Italia lightweight but focused.
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Public Affairs
Viasat’s Inmarsat takeover hits political debris
US satellite operator’s planned acquisition of UK rival (and Deutsche Telekom partner) prompts national security concerns as critical infrastructure given state protection. New foreign takeover law affords Whitehall power to intervene, which looks increasingly likely.
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Content & TV
Telefónica ally Atresmedia enters Movistar Plus+ fray
Spanish media group reportedly interested in buying part of Movistar Plus+. Move pits Atresmedia against Vivendi, which is also seeking to build up Spanish media assets. Telefónica taking advice as pressure mounts on pay-TV business in Spain.
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M&A
Telefónica mulls Movistar Plus+ options as Vivendi circles
Vivendi reportedly interested in buying part of Movistar Plus+. French media group seeking approval to increase Prisa stake to 29.9%. Telefónica seeking advice as pay-TV customers drain away in Spain.