Deals & M&A – Page 26
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M&ALiberty CEO: call me, Nick, if you want to sell VodafoneZiggo
Mike Fries says Liberty “open-minded” on possibility of transaction with co-parent Vodafone. Management of Dutch JV conducting “strategic review” around issues including infrastructure and content ownership.
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M&ADeutsche Telekom quietly exits Dynamic Signal
DTCP divests 2018 investment, which has merged with SocialChorus.
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M&AVodafone’s nudge technique gets STC ‘back to table’
Regional media reports indicate that Saudi Telecom Company is seeking to revive a buyout of the Group’s Egyptian business, after failure of 2020 deal. Move follows Vodafone’s exploration of an internal switch of Egyptian OpCo.
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M&ADAZN targets Premier League with BT Sport bid — reports
Reports indicate BT is in “advanced” stage talks with DAZN to offload BT Sport, with a deal mooted “within weeks”. Broadcasting rights the big-ticket item for US streaming specialist, while BT looks to focus efforts on network expansion.
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M&ATelefónica nearing Uruguay exit?
New suitor emerges as Telefónica considers bid for Uruguayan unit. Local politician leading acquisition push on behalf of consortium partners. Reported bid falls some way short of independent valuation.
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M&ATelefónica joins Liberty in move towards UK tower sale
Goldman Sachs reportedly handed reins to examine prospective Cornerstone share sale.
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M&AOTE takes full ownership of Romanian mobile business
OTE’s near-100% absorption of mobile business a regulatory prerequisite for sale of its fixed sibling to Orange. Telekom Romania’s 30% holding given €59m price tag. Previously the subject of sale speculation, TRMC now fully focused on organic growth, with new Bucharest headquarters portrayed as “fresh start”.
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M&AT-Systems offloads South African remnant
Deutsche Telekom’s enterprise unit wraps up SA exit after selling training and development provider. Continuation of T-Systems slimming drive
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Partnerships & AlliancesDT set for trio of Vision Fund tie ups: Claure
SoftBank to give DT a big reservoir of digital partners to draw from as it seeks new revenue streams, starting with European e-mobility, learning, and fintech players. Claure talks up ‘convergence’ and long-term nature of relationship between SoftBank and DT. SoftBank exec looking to make big impression after securing ...
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PremiumDT trades Dutch NatCo for a scoop of US, plus sprinkles
Former DT CEO Obermann steps in with buyout of T-Mobile Netherlands through Apax–Warburg Pincus consortium. Deal is culmination of turnaround effort launched in 2016 when last attempt to sell NatCo fell through. Exit opens the lid on a box of intriguing strategic options for DT. DT directs some of ...
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M&ADeutsche Telekom sees Dutch exit door loosen — report
India’s Reliance Industries reportedly set to make €4.8bn non-binding offer for T-Mobile Netherlands. Several top foreign banks apparently formed syndicate to fund the takeover. Akash Ambani said to be personally managing the T-Mobile transaction.
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M&AFiBrasil straight into M&A action with Phoenix Fiber buy
Vivo said to have been collaborating with the Phoenix fibre unit since March 2019. Deal brings in a further 170,000 premises, with 310,000 to come.
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M&AAussie antitrust tsar seeks change after TPG–Vodafone merger
Rod Sims, Chair of Australia’s competition commission, expresses “serious concerns” about market health after TPG–Vodafone merger. Sims wants bigger powers to block further anti-competitive M&A.
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M&ACityFibre eyes fresh cash injection
Press reports suggest Openreach challenger will announce fresh funds through stake sale and bond issue.
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PremiumTelefónica finalises Telxius tower sale as infra deals flow
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.
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M&ATPG puts feelers out for TowerCo deal
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.
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M&ATelefónica said to be negotiating PangeaCo stake sale
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.
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M&AHöttges “ready” for Drahi tête-à-tête after BT raid
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.
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M&ADT interest Community Fibre subsumes rival
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.
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M&ATelefónica (finally) exits Costa Rica
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.