Infra Investors, Finance & M&A – Page 11
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M&AVodafone sells another €1.7bn of Indus shares
Vodafone sells 18% stake in Indian TowerCo to repay debts of other Indian assets.
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M&AUK fibre M&A ‘easy’ (compared to challenges of compatibility, integration, compliance)
Challenger leaders at INCA gathering call out lack of industry standards as key obstacle to more M&A. Integration and migration are costly and complex, making compatibility a consideration for prospective buyers. Compliance also increasingly important in valuations. More positive is XGS-PON embrace, deemed a “damn fine standard for a starting place”, but beware legacy tech. Learn more…
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M&AAltnets Netomnia-Brsk merging into UK FibreCo unicorn tier
This weekend sees confirmation of top-ten FibreCos combining into top-five integrated challenger with uprated three million footprint target, wholesale differentiation, prep’d for further M&A. Read more, including our updated market overview…
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M&ALiberty mulls M&A opportunities for Virgin Media O2’s NetCo
Liberty Global CEO Mike Fries still “looking actively” at possible altnet acquisitions, noting potential for VM O2’s planned FibreCo spin-off to serve as a vehicle for consolidation in the UK’s fibre market.
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M&AUK fibre altnet Voneus gets £18m funding boost
Existing investors plough another £18m into Voneus after the recently expanded group is said to be on a roll with increased build rate and sales.
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Venturing & InvestmentsAirbus’ HAPS startup Aalto lands Japanese investment for ‘next phase’
Long-sought funding set to help Aalto accelerate commercial deployment of its Zephyr stations, through which it aims to provide non-terrestrial, direct-to-device mobile connectivity, among other applications.
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M&AVivo in talks to buy FibreCo Desktop, advance consolidation — report
Brazil’s largest integrated operator reportedly sounding out São Paulo-focused fibre specialist for acquisition. Move would could kick up country’s fibre consolidation and add a million to Vivo’s strategically important fixed-broadband customer base. Read more…
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Financial & PerformanceGains-hungry DT gives German business a fresh fibre sales goal
Telco’s home market business looking to break through upselling obstacles and add 450,000 new homes to FTTH plans by the end of 2024.
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Financial & PerformanceOpenreach to invade Project Gigabit, snap up altnet misfires
FY23–24: Closing in on infill Project Gigabit contracts, also eyeing altnet misfires. Line loss the new reality despite strong fibre build and take-up momentum. TelcoTitans BTwatch predicts altnets will step up, not roll over. New CEO Kirkby makes clear Openreach not for sale (yet). Read more…
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Financial & PerformanceIHS Towers targets $1bn from asset disposals
Tower group’s chief executive announces ten-digit goal for proceeds from business sales, amid ongoing strategic review.
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Financial & PerformanceUK’s Digital 9 reshapes boardroom, weighs Arqiva options as wind-down progresses
Former Bank of Scotland exec Eric Sanderson named Chair to lead wind-down process, with one or more other Non-Execs to be added in near future. Steps made in asset sale but future of Arqiva stake not yet decided.
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Financial & PerformanceKPN hits five million fibre homes; open to ‘larger’ buy to boost build
Dutch telco remains interested in bolt-on fibre buyouts — including a ‘larger’ transaction — to speed up its flagship infrastructure programme.
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M&ACellnex wants in on MásOrange integration, Spanish tower consolidation
Chief Executive Marco Patuano considers American Tower and Cellnex as likely consolidators in fragmented Spanish tower infrastructure market, as number of MNO customers shrinks. Read more…
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M&ACellnex seeks co-investor to support Polish NetCo strategy
European tower group ‘actively working’ on plan for part-sale of Cellnex Poland, generating funds to fuel transformation of the business into a more fully-fledged NetCo, with both RAN assets and passive infra.
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Public AffairsVodafone-backed AST SpaceMobile landed with ‘stock drop’ class action
The NASDAQ-listed LEO satellite provider hit by class action after supplier problems caused a launch delay, and a subsequent slump in shares.
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Venturing & InvestmentsDTCP closes second Infra fund, hints at a third
Report suggests that DIV II fund fell €40m short of its €1.6bn target.
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Financial & PerformanceLightning Fibre’s quick insolvency switch could show the way for struggling altnets
Lightning Fibre’s £40m pre-pack sale out of administration and back into the hands of the investment fund that had supported its initial build may prove a template for struggling UK altnets as expectations on performance levels rise, but at what cost for suppliers and partners? Read more…
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PeoplewatchUK fibre challenger AllPoints nets Adtran CTO
High-profile Ronan Kelly joins £1bn-backed FTTP wholesaler within Octopus’ streamlined Fern Trading stable.
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InterviewNetomnia: capex inefficiency is blocking consolidation opportunity
Speaking to TelcoTitans, Netomnia founder and CEO Jeremy Chelot suggests too many altnets are banking on unachievable take-up goals, and that playing fast and loose with investor money has resulted in a block on viable valuations for consolidation.
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Financial & PerformanceTelefónica Infra moves closer to 30m full-fibre target
Spanish group reaffirms aim to pass over 100 million homes with fibre networks by 2026, helped by growing portfolio of specialist side-businesses.