Latest Deals & M&A – Page 13
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M&A
Vantage Towers CEO says DT M&A option still on
Badrinath sees nothing to preclude consolidation with Deutsche Telekom’s tower assets in Germany.
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Network & Infrastructure
Telefónica revives Bluevía brand for Spanish FibreCo
Crédit Agricole Assurances and Vauban Infrastructure Partners to buy 45% of new JV.
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Partnerships & Alliances
TPG hits back in Telstra network-sharing row
Believes rivals have “mischaracterised the arrangement” as a merger.
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Network & Infrastructure
Vodafone NZ agrees €1bn passive towers sale
Operators’ owners Brookfield and Infratil strike deal with private equity firms InfraRed and Northleaf.
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M&A
VM O2 said to table TalkTalk bid
Talks said to be in early stages, with initial offer reportedly valuing altnet at about £3bn.
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Public Affairs
BT eSIM strategy entangled in UK security reviews
The fire sale of eSIM platform developer Truphone has reportedly been disrupted by security services concerns linked to a remote SIM provisioning contract with BT.
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M&A
Telefónica hives off Argentinian assets from Hispam division
Group approves creation of TLH HoldCo, an “independent economic unit” registered in Spain, to house its interests in Telefónica Móviles Argentina and Telefónica de Argentina.
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M&A
SpaceMobile prioritises satellite launch with NanoAvionics sale
Vodafone-backed satellite developer divests 77% holding in $28m deal.
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M&A
Viasat under fire from US rivals over Inmarsat deal
Amazon-owned Kuiper Systems and Elon Musk’s SpaceX file FCC complaints.
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Strategy & Change
Drahi 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 & Alliances
1NCE 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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M&A
Prisa 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 Affairs
Drahi’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 & Alliances
Vi 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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Premium
Telxius ownership rejig gains green light
Telefónica and Pontegadea set to finalise shared purchase of KKR’s 40% stake in Telxius.
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M&A
Telefónica 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 & Change
All eyes on Read as e& acquires $4.4bn Vodafone stake
Chief Executive Nick Read ‘blindsided’ by announcement ahead of Tuesday’s annual results call.
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M&A
Telefónica remains open to Hispam M&A
Group says it remains focused on “modulating exposure” to unpredictable regional markets. Executives will consider further deal opportunities, despite appearing much more comfortable with exposure levels. Turnaround programme launched in 2019 providing “very solid results”. Hispam still not seen as ‘core’ territory.
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M&A
TPG sells towers to Canadian pension fund
CEO Berroeta claims balance sheet boost is “strong outcome” for shareholders. Enterprise value set at AU$ 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.