All KKR articles

  • tfw160-tt-shield

    Spain 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.

  • KKR launches Telecom Italia buyout attempt

    KKR launches Telecom Italia buyout attempt


    Offer believed to be worth at least €32bn. Operator shares soar 30% as the news emerges.

  • tfw158-tt-Citi-charged-with-Tf-Spanish-infra-sale
    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. ...

  • btw328-tt-bt-watson-fibre-network-jigsaw
    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.

  • btw328-tt-cityfibre
    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.

  • tfw157-tt-fibrasil-phoenix

    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.

  • btw327-tt-cityfibre-cash-inject

    CityFibre eyes fresh cash injection


    Press reports suggest Openreach challenger will announce fresh funds through stake sale and bond issue.

  • Telefónica finalises Telxius tower sale as infra deals flow

    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.

  • tfw156-tt-tf-peru-negotiate-sale-peru-fibreco

    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.

  • tfw157-tt-tf-exits-costa-rica

    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.

  • tfw156-people-generic-2

    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.

  • cytonn-photography-GJao3ZTX9gU-unsplash

    Vivo CIO segues into FiBrasil top job


    Telefónica’s new FibreCo JV names Vivo veteran as CEO. CIO vacancy opens up at Brazil OB.

  • tfw156-tt-vivo-fibrasil

    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.

  • tfw156-tt-telefonica-kkr-colombia
    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.

  • btw326-tt-altnet-challengers-fibre-uk
    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.

  • tfw154-tt-telxius-europe

    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.

  • DT’s deal-maker Langheim studies his share options
    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 ...

  • dtw105-tt-tmnl-dutch-m-and-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.

  • tfw154-tt-telefonica-uruguay

    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.

  • Telefónicawatch Report #152
    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