FibreCos – Page 15
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Austrian fibre challenger raises nearly half of €1bn funding target
Syndicate of six European banks provide €417.5m in financing to Magenta Telekom and Meridiam’s new fibre JV.
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Investor Patrizia launches Spanish fibre play with two acquisitions
New Localcom platform launched to provide fibre access across rural Spain.
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Netomnia bags £230m to accelerate full-fibre expansion
UK altnet and ISP sister company obtain debt funding to ramp up network deployment, with aim to pass one million premises by end of 2023.
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M&A
Liberty CEO ‘in M&A talks with CityFibre’
Not a done deal. Discussions are preliminary and large-scale consolidation in UK altnet market likely to attract sharp scrutiny from regulators.
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nexfibre is Openreach’s “real” competitor, says co-owner InfraVia
JV’s co-owner InfraVia sees resource platform, Virgin Media O2 ties, and unmet demand as giving new entrant opportunity to build major challenge in UK’s fibre space.
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BT welcomes “bold” Spring Budget but altnets left wanting more
Openreach’s fibre rollout plans will benefit from new tax policy, but altnets want more regulatory reform to protect investment.
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People
Vodafone-Altice fibre JV begins filling out C-suite
OXG Glasfaser makes double appointment of Matthias Ospelkaus as CFO and Stefan Rüter as CCO.
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DT and T-Mobile to meld broadband platforms; 5G FWA on way to Europe
Home broadband OS project to harmonise platforms on both sides of the Atlantic, giving a boost to router functionality.
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UK altnets call out Ofcom, Openreach for ‘damage to fibre investment credibility’
Openreach’s Equinox 2 earns another wave of competitor criticism as part of Ofcom review.
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Vodafone’s German FibreCo on starting line as Altice deal completes
After ticking all boxes, the 50:50 fibre JV can now launch operations.
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Altnet rival taps BT’s consumer IT boss
Consumer IT Director Robert Purdy joins south-western UK-focused fibre player Truespeed.
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Sweden’s EQT rounds out digital infra portfolio with Radius deal
Deal is worth $3bn including debt.
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Austria’s ex-regulatory chief to lead new FibreCo
Trio of execs hired to set up Magenta Telekom and Meridiam’s new fibre joint venture.
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Magenta Telekom, Meridiam get go-ahead for fibre JV
EC clears Alpen Glasfaser to press on with rollout targeting 650,000 homes outside of main cities.
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DigitalBridge eyes casualties from European fibre fallout
Investment group sees financially squeezed altnets’ valuations dropping dramatically, offering up opportunities to absorb weakened players.
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M&A
Schüler ‘open’ to altnet M&A as VMO2 builds fibre base
Virgin Media O2 CEO states altnet consolidation is possible, citing “very low” penetration rates among fibre providers.
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Telefónica says situation ‘normal’ at German FibreCo, despite reports
Parent operator’s boss suggests press reports of headaches at Unsere joint venture Grüne Glasfaser overblown.
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Altice, Vodafone given EC go-ahead for infra JV
European Commission clears Vodafone’s plan for fibre JV with French group Altice.
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Telefónica-Allianz fibre JV ‘on course’ with rollout plans
Unsere Grüne Glasfaser remains bullish in the face of negative reports.
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Virgin Media O2 ‘ponders Trooli acquisition’ amid altnet struggles
Moves for UK altnet said to be under consideration at numerous rivals, including Telefónica and Liberty’s UK operating business.