Deals & M&A – Page 25
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M&ADealmaker 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&AFTTP 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 & ChangeVodacom 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&AVantage 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&ATelefónica ‘confirms interest in UK towers stake’
Cornerstone joint venture parents looking at potential divestment from towers business.
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Partnerships & AlliancesTelefónica España ties with Orange’s Totem for 5G
Orange’s Ramon Fernandez hails ‘important deal’ with Spanish telco.
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M&AVodafone NZ completes €1bn passive towers sale
Owner Infratil indicates that all conditions for the transaction were met.
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M&AINWIT boss: time not right for M&A
High cost of borrowing means new management taking “cautious approach” to consolidation.
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M&ATelefónica 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 & ChangeCEO: 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&ACellnex UK takes neutral host to new frontiers
CK Hutchison transaction looks set to complete “in the coming weeks”.
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M&ATop 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 & PerformanceBT 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 & InvestmentsVodafone 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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PremiumTMUS offloads wireline business to Cogent
Unwanted fixed‑line Sprint assets to be sold for just $1.
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OperationsBrazil’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&ABT mulling ‘various options’ for loss-making logistics business
Pelipod, enabler of the telco’s Final Mile network, is under review and could be offloaded.
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M&AVodafone, Three open UK merger talks
Pair confirm discussions after almost a year of speculation.
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M&APort top-up ordered by Vodafone; rival Nowo imbibed
Some rare news of incoming M&A at retrenching UK Group, with a small add-on buyout of Portuguese rival Nowo.
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M&ASpanish consolidation threatens Telefónica mobile leadership
Local regulator updates fixed and mobile rankings, with Telefónica retaining top-spot.