Latest Deals & M&A – Page 30
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PremiumElsewhere in Vodafone Partner Markets: A1 Telekom snaps up STEMO
Canadian competition authority rejects Rogers–Shaw mega-merger; Vodafone New Zealand takes full control of retail stores JV.
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PremiumVodafone Q4 FY21–22: ‘Keep calm and carry on’
Read once again assures shareholders that M&A activity is on the horizon.
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Strategy & ChangeDrahi returns to BT spotlight amid fresh takeover speculation
All eyes on French billionaire as six-month ban on BT takeover bid expires tomorrow.
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Partnerships & Alliances1NCE links up with SoftBank on Asia-Pacific push
DT spinout’s exclusive regional distribution deal provides another layer to German group’s flourishing romance with SoftBank.
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Network & InfrastructureDeutsche Funkturm rumours continue as bidding enters second phase
Unnamed sources parade panoply of Deutsche Telekom monetisation options for German towers business, apparently valued at around €20bn (including debt).
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M&APrisa sale calls time on Telefónica political ambitions
Álvarez-Pallete declares the telco “should not be in the business of opinion-making” after offloading the bulk of its 9% stake in Spanish media group Prisa.
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Public AffairsDrahi’s BT stake raises national security concerns
UK Business Secretary Kwasi Kwarteng wields National Security & Investment Act to review, and potentially reverse, Altice UK’s latest BT stake acquisition.
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Partnerships & AlliancesVi mulls exit from Wi-Fi joint venture
Indian operator goes cool on Firefly joint venture with Airtel, set up in 2015.
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PremiumTelxius ownership rejig gains green light
Telefónica and Pontegadea set to finalise shared purchase of KKR’s 40% stake in Telxius.
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PremiumElsewhere in Telefónica Group: Álvarez-Pallete gets pay pump
Álvarez-Pallete’s salary increases by nearly 70% in 2021 thanks to bonus for closure of Telxius tower divestment and O2 UK merger.
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M&ATelefónica receives bids for minority stake in Spanish rural FibreCo
Spanish media suggests either 45% or 49% is up for grabs.
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Strategy & ChangeAll eyes on Read as e& acquires $4.4bn Vodafone stake
Chief Executive Nick Read ‘blindsided’ by announcement ahead of Tuesday’s annual results call.
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Financial & PerformanceVodafone Q4 FY21–22: Super apps and fintech investment to drive Vodacom growth
FY21–22 results underline revenue diversification ambitions, with ‘new services’ set to contribute increasing proportion to bottom line.
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Financial & PerformanceQ1 FY22: Telefónica facing challenges with a spring in its step
Strong start to FY22 saw cross-examination on prospect of a quick upgrade on guidance for the year. VM O2 the odd one out as three of Telefónica’s core markets show strengthening operational performance and clear vision for market evolution. Telefónica Tech building momentum, but strategy of buying short-term growth ...
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M&ATelefónica remains open to Hispam M&A
Group says it remains focused on “modulating exposure” to unpredictable regional markets. Executives will consider further deal opportunities, despite appearing much more comfortable with exposure levels. Turnaround programme launched in 2019 providing “very solid results”. Hispam still not seen as ‘core’ territory.
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M&ATPG sells towers to Canadian pension fund
CEO Berroeta claims balance sheet boost is “strong outcome” for shareholders. Enterprise value set at AU$ 950m. After transaction costs and tax, TPG will bank a more modest sum of between AU$ 350m and AU$ 400m. Transaction includes 20-year master services agreement.
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M&ATelefónica Tech acquires German data services player
Deal for data analysis outfit completed in transaction worth up to €350m.
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M&ATelefónica wants €1bn for 49% stake in Spanish rural FibreCo
Group issues sales prospectus for new fibre JV. “Host of possible interested parties”, according to Spanish media outlets, with winner to be decided by the end of the year.
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PremiumTIM accepts Ardian bid for INWIT stake
Italian operator to sell majority of its stake in towers venture to private equity firm.
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PremiumElsewhere in Deutsche Telekom Europe: OTE pitches Romanian Business
T-Mobile Poland signs 15-year PPA with GreenVolt; OTE reportedly seeking to offload Telekom Romania Mobile Communications.