Infra Investors, Finance & M&A – Page 4
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Financial & PerformanceGrain claims to beat Openreach connection costs as EBITDA breakeven nears
UK fibre altnet frontloads capex to build to property boundaries, making for cheap connections when customers sign up, but Grain may be playing a high-risk game…
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M&AVantage said to eye Spanish exit as telco M&A pressures bite
Vodafone Spain said to be mulling a switch to Vantage rivals unless tower usage fees are cut.
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Financial & PerformanceDeloitte slams TalkTalk’s financial controls, resigns auditor role
Deloitte quits as TalkTalk’s auditor after 22 years and issues damning statement about the broadband provider’s financial reporting controls.
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M&ATPG secures fibre sale to Macquarie-backed Vocus
AUD 5.25bn deal will see Vocus pick up fibre network assets and a chunk of TPG’s enterprise, government, and wholesale business.
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Strategy & ChangeDigital 9 dumps Triple Point for InfraRed to manage wind-down
Digital 9 Infrastructure (D9) has chosen InfraRed Capital Partners to manage the sale of its assets, including major shareholding in Arqiva, as part of ongoing wind-down.
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PeopleBritish International Investment’s CEO steps down
UK government’s development finance institution poaches Leslie Maasdorp from New Development Bank, as O’Donohoe’s seven-year leadership run comes to a close. Read more…
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M&AGIP said to seek reboot in India after completion of BlackRock mega-buy
Change reportedly already underway at GIP following BlackRock acquisition, as the digital infra investor gauges interest from the likes of Macquarie, KKR, and Stonepeak on a sale of Ascend Telecom stake. Read more…
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Venturing & InvestmentsDTCP gives Irish data centre player a cash injection
Infrastructure investment group invests in Northern Ireland- and Republic of Ireland-focused Atlantic Hub, seeking to expand data centre ambitions beyond initial interest in Germany…
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M&AItalian government returns with shinier Sparkle bid
Country’s Ministry of Economy and Finance teams with Spanish investment group Asterion on bid to take control of Telecom Italia’s long-distance fibre business.
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Financial & PerformanceCityFibre on the hunt for more cash to fund capital-intensive fibre rollout
UK altnet’s debt and equity funding due to dry up next year, but talks ongoing with prospective investors for new cash.
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M&AIQGeo: KKR’s latest tech buy adds geospatial smarts to sprawling infra portfolio
Private equity giant KKR is taking Cambridge-based geospatial software specialist IQGeo private in £333m deal, pledging to fuel new phase of growth. Log in to understand this hot specialist and what it provides network operators worldwide…
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M&AAmerican Tower CEO ‘open’ to European M&A
Steven Vondran indicates interest in expanding its three-market European footprint, saying regional business is experiencing strong mobile operator demand.
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M&AVirgin Media O2 set to sell another chunk of Cornerstone — report
Operator to shed another 8% of tower JV with GLIL Infrastructure and Vantage, bringing total shareholding down to just above 25%.
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Financial & PerformanceUK altnet Spring Fibre seeks new investors as backers step away
With a near-£14m deficit on its balance sheet, the altnet stated in its FY23 accounts that it was seeking a new investor to support cashflow needs as its principal backer declines to cover plans.
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M&AAmerican Tower offloads property assets in Australia and New Zealand
American Tower continues its retreat from the Asia/Pacific region with the sale of property assets in Australia to Waveconn and in New Zealand to Connexa, following its exit from India.
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Strategy & ChangeTower group SBA wants ‘visibility’ before voyaging into foggy Europe
Eurosceptic tower group plays down the prospect of any dealmaking to give it a regional presence, saying its M&A focus is on strengthening businesses within its existing footprint.
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Network & InfrastructureUK fibre reality check evident in pullback
Compilation of FibreCo plans shows retrenchment in forward planning, reflecting recent financing constraints. With extreme overbuild scenarios, further consolidation looks inevitable. Learn more…
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M&ACellnex Portugal snaps up extra sliver of NOS tower estate
Tower operator moves to acquire further masts from NOS following major 2020 acquisition and site access deal.
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Network & InfrastructureeuNetworks lands €2.1bn to spend on European data centre comms play
Stonepeak, APG, and IMCO involved as London-based comms infra group completes a revamp of its finance base.
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M&AUK’s Arcus buys Polish fibre challenger
London-based infra investor takes control of FixMap, a prolific roller-upper of smaller fibre players in the country, run by a former exec of incumbent Orange Poland.