All Deals (M&A) articles – Page 3
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M&A
Saudi’s stc continues international push with CMC Networks buy
Expansive center3 adds 110 points of presence to its footprint, with a focus on Africa.
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M&A
Freedom Fibre: UK challenger joins with VX in hunt for regional muscle
Latest UK fibre market consolidation sees Manchester’s Freedom Fibre tie with Midlands altnet VX UK, with asset management backers Equitix and InfraBridge enabling the move. Implications for ambitious Freedom Fibre build targets not yet confirmed as small-scale regional operators expand beyond county borders…
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M&A
Infra group Gresham House flags plan to double its asset base as takeover completes
Searchlight Capital Partners finalises its acquisition of UK infra investor Gresham, promising support for management strategy bolstered by capital and expertise for “wider” M&A.
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M&A
Telefónica|Vivo ‘in talks’ over potential Oi fibre unit buy
Potential 15%+ increase in already fast-growing Brazilian fibre reach, fuelling Spanish Group’s charge to 100 million worldwide…
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M&A
Vodafone Spain revitalisation: Zegona ready to splash the cash
With purchase pending, Zegona’s Eamonn O’Hare reveals long-term plans to invest €3bn, with enterprise and simplified CX among key priorities. Learn more…
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Strategy & Change
Telefónica puts O2 share-buying offer on the table
Shareholders able to tender their shares until mid-January 2024, with settlement expected before fiscal year dividend payment in May. Group has already upped its stake in German operating business, with full takeover and revised dividend policy intended to support new three-year strategic plan.
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M&A
KPN bulks up on fibre with Kabeltex buy
Dutch operator makes another bolt-on purchase to boost its flagship infrastructure programme, and says other potential M&A opportunities to be considered on a case‑by‑case basis.
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Premium
Telefónica|Vivo seeks B2B scale with merger of IT services units
Combination of IT units aimed at achieving scale efficiencies and helping drive growth of operator’s Brazilian B2B ecosystem.
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M&A
Cellnex seals the deal on Nordics stake sale
TowerCo offloads 49% share in its Danish and Swedish units to Stonepeak, which operate around 4,600 towers. Proceeds to serve as fuel for its debt reduction drive.
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Venturing & Investments
UK altnet Giggle faces uncertain future, management buyout extends lifespan
Digital 9 Infrastructure-backed fibre altnet Giggle Broadband completes management buyout to review options.
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Public Affairs
Digi reportedly reaches deal for Orange–MÁSMÓVIL remedies
Bloomberg report indicates that a provisional deal has been agreed that could pave way to approval of contentious Spanish transaction.
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M&A
Digital 9 seeks cash stopgap after Icelandic data centre exit
Pressured UK infra investment house launches strategic review of its digital asset portfolio after securing Ardian’s signature on a sale of data centre operator Verne Global.
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M&A
Private equity buyout of Gresham House moves closer
UK infra investor announces clearance of regulatory and other obstacles to takeover by Searchlight Capital Partners.
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M&A
Austria and Ireland ‘up next’ on Cellnex’s sale agenda
Tower group said to be weighing up options at another two subsidiaries, including part or full sales, following various transactions in last year. The report comes shortly after CEO Marco Patuano expressed his appetite for more outgoing M&A deals, to support leverage reduction.
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M&A
OTE seeks a Clever deal to secure Romanian exit
Deutsche Telekom-controlled Greek group is in talks with the owner of local broadcaster Clever Media Network over a long-mooted sale of Telekom Romania Mobile.
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M&A
Virgin Media O2 has ‘six or seven’ UK altnets on M&A radar
Operator looking at several altnets as acquisition targets, says parent Liberty’s CEO Mike Fries, who predicts UK will end up with “just two networks”.
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Financial & Performance
A clean break from a broken market: Vodafone CEO welcomes Spanish retreat
Margherita Della Valle uses further deterioration of Vodafone Spain performance to prop up claims of a strategic vision in action, but distancing the Group from one of its erstwhile ‘core four’ markets continues to reflect poorly on historic turnaround attempts.
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M&A
Telefónica maintains ‘full optionality’ on non-core Hispam businesses
Q3 FY23: In strategy update, operator indicates it will continue to keep its trimmed-down collection of smaller Latin American assets on a strict cost control regime, flagging consolidation, divestments, and further NetCo ventures as possibilities to protect free cash flow in the next three years.
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M&A
Deutsche Telekom to create €2bn tech acquisition pot
Chief Executive Tim Höttges says operator is considering allocating sizeable warchest to Thorsten Langheim-led Group Development division for acqui-hire push in strategic areas.
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Financial & Performance
Telefónica Tech charts three-year course towards €3bn revenue target
Division seeks to ease reliance on acquisitions while expanding portfolio of “next-gen” IT solutions to grow total revenue.