All KKR articles
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M&ASpain shields Telefónica as KKR’s TI bid makes waves
Spanish government reinforcing restrictions that would halt hostile bids for Telefónica until 2023. Europe’s telco sector awash with bid speculation as KKR pursues TI, and Indian conglomerate Reliance Industries is linked to a BT bid.
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M&A
KKR launches Telecom Italia buyout attempt
Offer believed to be worth at least €32bn. Operator shares soar 30% as the news emerges.
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Network & Infrastructure
Citi said to be charged with Telefónica Spanish infra sale
Rumours continue to circulate around Telefónica’s fibre monetisation plans in Spain. Investment bank understood to have valued Spanish fibre infrastructure at €14bn. Sale speculation comes despite Telefónica classing its Spanish fibre infrastructure as a “strategic asset”. Report suggests Group is seeking resources to finance investments in 5G and digitisation. ...
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Network & Infrastructure
BT’s Watson highlights fibre’s central place in network ‘jigsaw’
CTO plays down fixed wireless’s role in meeting UK’s connectivity challenge. CityFibre and Hyperoptic welcome Ofcom’s WFTMR, but want Openreach to remain under strict scrutiny. Virgin Media O2 something of an elephant in the room as altnets pitch themselves as more agile rivals.
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Network & Infrastructure
CityFibre bags fresh cash injection
Openreach challenger announces fresh funds through stake sale and bond issue. Capital “enables” Project Gigabit ambitions. CityFibre’s FTTP rollout reaches 650,000 premises. Altnet momentum builds with an estimated £8bn in investment publicly promised.
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M&A
FiBrasil straight into M&A action with Phoenix Fiber buy
Vivo said to have been collaborating with the Phoenix fibre unit since March 2019. Deal brings in a further 170,000 premises, with 310,000 to come.
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M&A
CityFibre eyes fresh cash injection
Press reports suggest Openreach challenger will announce fresh funds through stake sale and bond issue.
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M&A
Telefónica finalises Telxius tower sale as infra deals flow
American Tower acquires last tranche of 31,000 Telxius towers for €7.7bn, with deal set to reduce Telefónica net debt by €4.6bn. Fibre InfraCos in Latin America ramp up, with KKR expanding its relationship with the Group. Digital businesses also restructuring with Telefónica Tech spreading its influence.
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M&A
Telefónica said to be negotiating PangeaCo stake sale
Peruvian fibre business reportedly on the market, as Group’s Hispam monetising plans evolve further. PangeaCo to take form of Brazilian/Chilean equivalent, assuming part-sale goes through.
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M&A
Telefónica (finally) exits Costa Rica
Group finalises long‑awaited divestment. Final transaction price is $538m, around $40m short of previously agreed deal. Movistar marque utilised by Liberty as it pursues multi‑brand strategy in Costa Rica. Former Movistar Costa Rica exec to head operations.
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People
Telefónica people moves: senior Vivo swaps
Vivo names executive changes including operations and talent directors. Wayra’s long‑time leader Arias exits for Madrid VC. Truphone draws more tier‑one expertise with former O2 UK Transformation Director promoted.
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People
Vivo CIO segues into FiBrasil top job
Telefónica’s new FibreCo JV names Vivo veteran as CEO. CIO vacancy opens up at Brazil OB.
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M&A
Vivo open to fibre M&A via new FiBrasil JV
CEO Christian Gebara signals interest if the price and quality is right. Brazilian fibre market becoming increasingly competitive.
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Partnerships & Alliances
Telefónica ties with KKR again on Colombian fibre InfraCo
FTTH InfraCos spun out in Brazil, Chile, and Colombia this month. Latest agreement with KKR sets up InfraCo in Colombia. Chilean fibre venture with KKR finalised. FiBrasil infrastructure company launched in Brazil. InfraCo model lightens capital investment intensity for Telefónica.
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Network & Infrastructure
Digging the UK fibre scene: competition hots up
Investment funds continue to flood fibre altnets, with emerging challengers collectively committing to passing more than 20 million homes in coming decade and many billions in investment promised.
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M&A
Telxius completes European tower sale
Telefónica handed regulatory go‑ahead for tower divestment, with German and Spanish sites handed to American Tower. Latin American portion to follow next year, pending approval. Submarine cables also up for grabs, with first bids reportedly received.
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Strategy & Change
DT’s deal-maker Langheim studies his share options
The long journey to the top in the USA is not yet complete, but DT’s message is that patience is paying off and reiterates plans to take the number-one slot. European portfolio reshaping in pipeline, with Dutch “crown jewel” TMNL prepped for ownership rejig and carve‑out of “kingmaker” tower ...
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M&A
Deutsche Telekom pondering Dutch M&A options
Group appears cold on possibility of buying out junior partner in T‑Mobile Netherlands when options open up in January 2022. New tie-up or sale flagged as likelier outcomes.
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M&A
Suitor emerges for Telefónica Uruguay
Grupo Olmos, Argentinian healthcare, insurance, and media conglomerate, formalises intention to enter negotiations for the OB. Former Telefónica Espana CEO Gipérez appointed to “lead” acquisition project.
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Digital Edition
Telefónicawatch Report #152 – March-April 2021
Key stories include: FibreCos kickstarted | Schüler secure top VM‑O2 job | Suppliers pressed on sustainability | Hansen wins Germany role | Huawei and Nokia test 400G
