All KKR articles – Page 13
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Analyst ReportTelefónicawatch 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
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M&ABids expected for Telxius subsea cables
Telefónica debt reduction strategy set to extend to submarine infrastructure as buyers are sought for 100,000km cable network. Reports indicate that an agreement is wanted by mid-2021, with rough valuations standing around the €2bn mark.
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Network & InfraT-Mobile Netherlands bulks up on fibre via new KKR venture
Dutch NatCo builds on Primevest investments as first anchor tenant of Open Dutch Fiber. New fibre venture taps former CEO and CCO of Vodafone Germany partner Deutsche Glasfaser. Move raises further questions over Group plans for its Dutch business.
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PremiumColao proposes 1Gbps for all Italians by 2026
Minister for Innovation and Digital Transition Vittorio Colao outlines his ambitions for Italy’s economic recovery. Rapid roll out of gigabit broadband is essential to the plan. But the stalled national broadband network plan must be resolved soon.
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PremiumQ4 FY20: lightweight Hispam division swimming against the tide
FX once again crushes a period of robust defensive plays by Hispanoamérica operating businesses. Argentinian currency devaluation weighs heavily. Restructuring in Mexico provides a gloss to profitability for the final quarter. Management expectations moving on from a sale or spin-out towards development an insulated asset-light unit to minimise the ...
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Network & InfraVivo taps CDPQ for fibre spin out, as KKR invests in Chile
Telefónica|Vivo signs a 50:50 deal with Quebec-based investor to launch FiBrasil. Wholesale fibre provider will expand Vivo’s geographic reach, while the OB focuses on upgrading its existing fixed-network footprint. Long-heralded $1bn Chilean InfraCo plans culminate with KKR taking 60% stake.
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M&ARumours of Vodafone tie-up with MÁSMÓVIL resurface
But MÁSMÓVIL not necessarily the prey. Renewed media speculation that Spain’s fourth largest operator might acquire Vodafone Spain. Report from Banco Santander says MÁSMÓVIL, under new private equity owners, has the necessary financial clout to pull it off.
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M&ATelefónica sells infra biz to American Tower
Telxius finds a home at US infrastructure giant. Transaction expected to wipe €4.6bn off Telefónica net debt.
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PremiumElsewhere in BT Group: Cisco takes IMImobile
Partners Cisco and IMImobile to meld customer comms solutions.
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Network & InfraVodafone Italy CEO wants government help on 5G
Bisio claims country’s operators unfairly handicapped after heavy outlays on spectrum. 5G development projects completed in Milan. CEO voices caution again about Italy’s plan for a single broadband infrastructure company.
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PeoplewatchFormer O2 and Vodafone duo take helm at Deutsche Glasfaser
O2 Germany’s ex-CEO Thorsten Dirks takes top-spot at fibre altnet. Vodafone Broadband Director Ruben Queimano named CCO, expanding existing Vodafone alumni presence in Deutsche Glasfaser leadership.
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M&ACellnex open to Telxius grab
TowerCo CEO cheerfully talks up prospect of acquiring stake in Group’s infrastructure business. Idea of Telefónica-Cellnex tie mooted previously — and never totally quashed. Telefónica’s weakening debt profile may prompt inorganic action around infrastructure.
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Network & InfraTelefónica links with Allianz on FTTP infrastructure
50:50 wholesale JV targets rural and semi-rural areas with fibre rollout. Majority of $5bn investment to be raised by bank loans. “Non-consolidated structure” reduces Group exposure.
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Network & InfraOrange CEO open to pan-European TowerCo idea
Stéphane Richard sees “interesting opportunity” in possible tie-up with Deutsche Telekom or Vodafone. CEO wants to do “something smarter” with tower assets than selling masts to accumulator Cellnex.
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Network & InfraAllianz emerging as Telefónica’s German fibre buddy
Report suggests that project ‘Beethoven’ aims to exploit Telefónica’s Spanish fibre expertise.
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M&AMÁSMÓVIL CEO calls Vodafone link a “bluff”
Spenger scoffs at recent media reports that MÁSMÓVIL was in consolidation talks with Vodafone. CEO pointedly adds, however, that mergers eliminate “unnecessary infrastructure costs”.
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Partnerships & AlliancesTelefónica renews Deutsche Telekom deal as fibre plans accelerate
Renewed and expanded wholesale volume deal will remove the handbrake on Telefónica’s broadband products, and drive TDE investment. While DT network currently focused on urban areas, Telefónica’s plans for a €5bn rural fibre network are reportedly nearing completion.
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M&ATelefónica ponders surrendering Telxius majority
CFO Abasolo reportedly open to the idea of letting go of direct Telxius control to enable faster growth as an independent business.
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M&AVodafone linked with Spain’s MÁSMÓVIL again
Group reportedly in acquisition talks with Spain’s fourth largest operator. MÁSMÓVIL subsequently denies discussions after only recently agreeing to private equity buyout.
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Analyst ReportBTwatch Report #315 – August-September 2020
Key stories include: Fibre investment rising through crisis | BT TV: a tale of two UIs | Sharp Shuter at Enterprise | Symantec out at BT Security | NI market profile