Deals & M&A – Page 26

  • btw327-tt-cityfibre-cash-inject
    M&A

    CityFibre eyes fresh cash injection

    2021-08-24T17:28:00Z

    Press reports suggest Openreach challenger will announce fresh funds through stake sale and bond issue.

  • Telefónica finalises Telxius tower sale as infra deals flow
    Premium

    Telefónica finalises Telxius tower sale as infra deals flow

    2021-08-21T00:00:00Z

    American Tower acquires last tranche of 31,000 Telxius towers for €7.7bn, with deal set to reduce Telefónica net debt by €4.6bn. Fibre InfraCos in Latin America ramp up, with KKR expanding its relationship with the Group. Digital businesses also restructuring with Telefónica Tech spreading its influence.

  • vfw199-tt-tpg-towerco
    M&A

    TPG puts feelers out for TowerCo deal

    2021-08-20T11:47:00Z

    Australian JV conducting “preliminary market assessment” ahead of possible spin-off. Scope of monetisation would be limited by operator’s low level of site ownership. Competitors have already made moves.

  • tfw156-tt-tf-peru-negotiate-sale-peru-fibreco
    M&A

    Telefónica said to be negotiating PangeaCo stake sale

    2021-08-16T15:33:00Z

    Peruvian fibre business reportedly on the market, as Group’s Hispam monetising plans evolve further. PangeaCo to take form of Brazilian/Chilean equivalent, assuming part-sale goes through.

  • Timotheus Höttges - Shareholder's meeting 2019
    M&A

    Höttges “ready” for Drahi tête-à-tête after BT raid

    2021-08-12T18:34:00Z

    DT confirms Altice’s secretive acquisition of a large BT holding went unflagged. Group “open” to discussions and sees prospect of “exciting” developments towards end of 2021. DT accentuates lack of pressure to sell up, should Altice target its holding.

  • btw327-tt-cf-subsumes-rival
    M&A

    DT interest Community Fibre subsumes rival

    2021-08-12T14:06:00Z

    FTTP altnet backed by BT shareholder absorbs assets of smaller fibre builder. Business now looking “beyond London” as it continues to accelerate growth. Community Fibre’s FTTP footprint stands at 300,000 premises. Acquisition not impacting commercial operations or leadership structure of “independent” merger partner.

  • tfw157-tt-tf-exits-costa-rica
    M&A

    Telefónica (finally) exits Costa Rica

    2021-08-10T13:20:00Z

    Group finalises long-awaited divestment. Final transaction price is $538m, around $40m short of previously agreed deal. Movistar marque utilised by Liberty as it pursues multi-brand strategy in Costa Rica. Former Movistar Costa Rica exec to head operations.

  • tfw156-tt-rakuten-altiostar
    M&A

    Rakuten acquires Telefónica open RAN investment

    2021-08-05T14:58:00Z

    Rakuten to acquire Altiostar, Telefónica minority investment and “partner of choice”. Telefónica relationship with the US-based open RAN specialist extends beyond stake holding, with collaboration in network development and deployment in Europe and Latin America.

  • tfw156-tt-brazil-cloud
    Strategy & Change

    Telefónica Tech extends cloud reach in Brazil

    2021-08-04T10:53:00Z

    TC&CT division snags 49.99% stake in Vivo’s CloudCo Brasil. Deal builds on TC&CT’s earlier purchase of CyberCo Brasil. Working in parallel with local operating businesses becoming a Telefónica Tech trend.

  • vfw199-tt-vfti-divests-infra-unit-inwit
    M&A

    Vodafone Italy hands highways infra to INWIT JV

    2021-07-30T15:13:00Z

    OpCo’s divestment bulks-up INWIT portfolio, as TowerCo continues spending spree. INWIT to equip portion of new assets with IoT capabilities in “smart road” drive. Acquisition expected to be green-lighted before end-2021.

  • tfw156-tt-vivo-fibrasil
    M&A

    Vivo open to fibre M&A via new FiBrasil JV

    2021-07-29T14:59:00Z

    CEO Christian Gebara signals interest if the price and quality is right. Brazilian fibre market becoming increasingly competitive.

  • tfw156-tt-cancom
    M&A

    Cancom joins Telefónica Tech stable

    2021-07-29T14:45:00Z

    Telefónica Tech picks up cloud and security specialist Cancom, as the Group’s growth-oriented technology division targets a strengthened UK presence. Move appears enabled by compete parameters in Virgin Media–Telefónica UK shareholders’ agreement.

  • tfw156-tt-vivo-cade-complex
    M&A

    Vivo set for a longer wait as CADE rules Oi deal is complex

    2021-07-27T15:10:00Z

    Regulator to take its time to examine Oi divestment in detail. Decision confirms fears that closure will likely take place in 2022. Suggestion raised that deal could even be rejected.

  • vfw199-tt-vantage-towers
    M&A

    Vantage back in shop window as Vodafone builds revival

    2021-07-23T12:53:00Z

    M&A remains a lever to help Vodafone revive growth, says CEO Read. New Chairman van Boxmeer lighting a fire under Group strategy and ambition. Another chunk of Vantage could be sold off to “like-minded” partner. Hint made of some UK deal-making in pipeline. Egyptian and Spanish assets remain in ...

  • btw327-tt-drahi-brexit
    M&A

    Drahi cites Brexit for BT swoop

    2021-07-14T15:10:00Z

    Co-founder of Altice telecoms group pays UK government ministers a visit about newly acquired 12.1% BT stake. Claims Brexit and relatively low FTTP rollout makes UK ripe for investment. Some in BT reportedly think overtures to government might be part of a grand takeover plan.

  • tfw156-tt-telefonica-tech-spin-out
    M&A

    Telefónica Tech preps for part-sale

    2021-07-07T15:08:00Z

    Long-mooted divestment plan appears close to initiation, with reports indicating private equity interest. Division not the big-hitter it once claimed to become, but hoping to draw punters through M&A and partnerships. Downsized ambition and reset scope remind of last decade’s Telefónica Digital, where grand ambition faded away.

  • Elsewhere in Deutsche Telekom Venturing and Investments
    Premium

    Deutsche Telekom venturing roundup: Innovid; Neo4j; Aircall

    2021-07-06T00:00:00Z

    DTCP gets busy with investments in graph tech and contact centre-as-a-service; portfolio company Innovid bought out; tech incubator and Apple hunt for IOS AR developers.

  • dtw106-tt-dt-backed-innovid-merger
    M&A

    DT-backed Innovid agrees SPAC merger

    2021-06-28T13:24:00Z

    Legacy T-Venture enters “definitive agreement” to combine with special purpose acquisition vehicle. Trading name to remain “Innovid”. Advertising technology player eyeing further M&A opportunities to fuel growth.

  • btw326-tt-bt-sport-news-uk
    M&A

    Murdoch’s News UK steps away from BT Sport talks

    2021-06-22T14:57:00Z

    News UK has pulled back from talks with BT regarding a partnership for the sports broadcasting business. Discovery and ITV said to remain in contention, with DAZN seemingly the keenest of the bunch.

  • btw125-tt-bt-onephone-possession-price
    Premium

    BT pays hefty price for full possession of OnePhone

    2021-06-14T08:12:00Z

    Swedish business’s 30% holding given a near-nine-figure price tag. Purchase coincides with OnePhone champion taking helm at new Enterprise unit.