Infra Investors, Finance & M&A – Page 14
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WorldLink bags funding to expand Nepal coverage
Nepalese ISP WorldLink to leverage financing from British International Investment and Dolma Fund Management to expand coverage.
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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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CDPQ ‘overtakes KKR’ in American Tower India stake race
Reports suggest Canadian investor looks the more likely buyer after moving faster than rival KKR bid.
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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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M&A
INWIT flags ‘pipeline’ of potential M&A add-ons
TowerCo boss caveats that any deal-making will be local, small scale, and funded by organic capex.
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Macquarie makes bid for TIM’s fixed infra, state backing sweetens deal
Macquarie partners state lender CDP for latest offer on TIM’s fixed network infrastructure.
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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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Investors kick Cellnex tyres; management ‘open’ to minority sales
Spanish group could bring financial partners into its country businesses, in a bid to speed up push towards financial stability.
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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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M&A
Brazil’s Vivo sees fibre M&A possibilities hotting up
Operator open to being active deal-maker in market that “needs to be consolidated”, says CEO.
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Telefónica proceeds serenely as Spain’s fibre scene braces for consolidation fallout
The reported suspension of a €1bn Spanish fibre access merger over financing difficulties sparked speculation that the crowded market may struggle with future funding.
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Orange questions sell off of Europe’s ‘critical’ infra
CEO Christel Heydemann wants to keep hold of tower business TOTEM, citing strategic and political concerns around majority sales of infrastructure assets.
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People
Infra investor people moves: Léger steps up as SCOR CEO
Thierry Léger to take Chief Executive spot at SCOR in May; Celeste Mellet begins CFO tenure at Global Infrastructure Partners.
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Contractor Morrison Telecom Services buys out competition, strengthens Openreach ties
MTS acquires part of Light Source Design from administrators, saving 83 jobs.
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Telefónica, Liberty step back from Cornerstone
Duo said to be putting wheels in motion to halve their stake in UK TowerCo to 25%
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Fern’s band of UK local altnets being packaged into ‘national’ fibre challenger; branding TBC
Top-ten fibre altnet investor plots nationwide wholesale access network to eke out spot in competitive market, with support from (aspirational) CityFibre, Openreach partnerships.
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Deutsche Telekom closes out €10bn towers sale
Deutsche Telekom completes transfer of majority ownership in German and Austrian tower business.