All Deals (M&A) articles – Page 23
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PremiumInfratel–Indus Towers merger remains in limbo
Deal, agreed more than two years ago, continues to be clouded in uncertainty. Latest delay likely related to uncertainty over Vodafone Idea’s payment of AGR dues. Bharti Infratel chairman confident of favourable ruling from Supreme Court, and that Vodafone will “definitely stay” in India.
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M&ATelefónica sees exit door in El Salvador (but is it shut?)
Anti-trust agency lays out tough sale conditions to América Móvil’s Claro. Anxious wait to see if Mexican group plays ball. Both Telefónica Móviles El Salvador and Telefónica Multiservicios up for sale in deal reportedly worth $315m.
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Government seeks sale of 32.5% Coltel stake — report
Government sale stirs speculation about Telefónica Colombia exit.
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Partnerships & AlliancesT-Mobile banking partner recalibrates with sale
Customers Bancorp to sell T-Mobile MONEY enabler BankMobile. BankMobile to be rebranded as BM Banking.
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Partnerships & AlliancesOTE hums and haws over Greek rivals’ new tower JV
Group prevaricates about throwing its lot in with Vantage Towers Greece, the new JV between Vodafone Greece and Wind Hellas.
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PremiumElsewhere in Systems Solutions: Telekom Security ties with Samsung; Proceed Group becomes T-Sys partner
Newly-independent DT IoT unit has some work to do catch up with global rivals.
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M&AOi can afford to be choosy as rival bids for assets emerge
Restructuring Brazilian operator Oi is weighing up escalating offers for its mobile assets as a consortium of local operators compete with private equity-funded infrastructure provider Highline. TIM Brasil may have most at stake in bidding, with speculation it would take the lion’s share of Oi assets.
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OperationsPandemic stalls Telefónica’s alarm JV launch
Pandemic lockdown said to have effectively wiped out the first quarter’s trading of Movistar Prosegur Alarmas, with crisis management the priority. Despite tough start, MPA customer base forecast to treble within a year.
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M&ATelefónica uses Liberty for Costa Rica exit Plan B
Telefónica still intends to pursue legal action against former buyer Millicom. New agreement looks to have wiped $70m off the previously agreed deal.
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Suppliers & SCMAmdocs snaps up emerging rival Openet
Amdocs acquisition follows on the heels of a significant Openet coup at EE, highlighting the threat carried by the Irish competitor.
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PremiumTMUS and Dish set aside differences (for now)
Ergen shows TMUS he will not be easy to deal with.
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M&ABT Global finalises French offload to Computacenter
Asset-light playbook repeated. BT to continue serving MNCs and retain local SoC.
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M&AVHA starts new slate as TPG Telecom
Berroeta keeps CEO role post-merger; Teoh watches on closely as non-executive Chairman. Mobile and fixed network “synergies” a priority. Vodafone brand sits alongside slew of TPG sub-brands.
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M&AVodafone Egypt sale inches forward
STC reportedly completes its due diligence. Potential deal still muddied by questions over 45% stake held by Telecom Egypt.
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M&AFries on VM-O2 merger: don’t mention the tax breaks
Liberty Global anticipates substantial opportunities for savings by injecting Virgin Media tax losses into O2, but Fries wary that such behaviour may not chime with goal of creating new UK “national champion”.
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M&AVodafoneZiggo-Telenet merger has ‘logic’, says Liberty
Vodafone’s co-parent in Netherlands JV notes potential synergy benefits of a Belgian-Dutch cableco combination, but indicates deal would be more complex than it first appears.
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M&ATelefónica Deutschland confirms tower switch
German operating business to transfer 10,100 sites to Telxius for €1.5bn. Transaction to reduce Telefónica’s net debt by €500m between 2020 and 2021, but won’t slow down its accelerated capex drive. Telxius portfolio has doubled since 2016.
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M&AMásMóvil equity deal may spark Spanish consolidation
The private equity acquisition of Spain’s number four operator may see a short-term spike in competition, but could ultimately lead to consolidation, easing pressure on Telefónica and Vodafone. Opportunities could emerge for Telxius to pick up MásMóvil masts in the aftermath.
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PeopleCan new Chairman bring back Vodafone’s bottle?
Coming straight from a 15-year CEO tenure, new Chairman does not look likely to be a back seat driver. Lack of a telco legacy appears significant, with Vodafone seeking to diversify products and more closely connect with individual customers. Growth-oriented M&A record suggests brief is not to dismantle Group. ...
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M&ATIM enters talks on INWIT sell-down
TIM wastes no time kick-starting efforts to dilute its fledgling tower relationship with Vodafone. Telco enters negotiating tunnel with group of infrastructure investors.