Latest Venturing & Investment News – Page 5
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M&ADigital 9 seeks cash stopgap after Icelandic data centre exit
Pressured UK infra investment house launches strategic review of its digital asset portfolio after securing Ardian’s signature on a sale of data centre operator Verne Global.
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Venturing & InvestmentsIFM targets UK infra with £10bn capital injection
Australian investor plans to analyse “commercially viable” opportunities in collaboration with UK government, bolstering its existing commitments to fuel the nation’s infra expansion.
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M&ABT eyes musicMagpie: flailing gadget marketplace offers circular economy, consumer tech boost
musicMagpie confirms “very early” talks with BT and private equity partner Aurelius as operator seeks to spin up circular economy credentials, stretch into consumer retail via New EE.
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Partnerships & AlliancesAccenture stakes €150m in Vodafone’s commercialised shared services future
Vodafone extends Accenture ties to tee up commercialisation of _VOIS, with the vendor taking an equity stake along with providing talent and automation support.
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M&ADeutsche Telekom to create €2bn tech acquisition pot
Chief Executive Tim Höttges says operator is considering allocating sizeable warchest to Thorsten Langheim-led Group Development division for acqui-hire push in strategic areas.
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Venturing & InvestmentsSafaricom adds Spark startup accelerator to venturing strategy
Kenyan operator builds on Sumitomo ties to underpin renewed startup ambitions, with usual M-PESA tie-in front and centre.
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Strategy & ChangeDigitalBridge open to ‘surgical’ fibre buys as deal prices drop
Infra investment giant has long been lukewarm on M&A opportunities in residential Gigabit market but now appears more open, thanks to reduced asking prices for equity.
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M&AVM O2 in exclusive talks to shed Cornerstone stake morsel — report
Price looks low, albeit for a minority stake, but sellers may be playing control premium long game with likes of Vantage Towers.
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Strategy & ChangeUK Infrastructure Bank keeps watch on ‘stretched’ fibre space
Digital remains a sector of focus for new, state-owned investment house, attracting four more deals and more than £500m of commitments during its last fiscal year.
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Venturing & InvestmentsPressured infra group Digital 9 to exit Icelandic business
Group’s disquieted shareholders compel management to speed up and expand asset sales in order to cut leverage and raise funds.
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Public AffairsWait goes on for EC’s investment revival ‘vision’
European Commission guidelines for new Digital Networks Act expected before June 2024, but draft legislation not until 2025.
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Venturing & InvestmentsITS bags fresh funding for UK fibre rollout, eyes M&A opportunities
Avenue Capital Group injects £100m of debt funding into B2B-focused altnet.
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PeopleFormer Vodafone chief Colao bags double board appointments
Ex-Vodafone CEO becomes Non-Executive Director on boards of startup companies Doctolib and Staffbase.
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Strategy & ChangeBlackstone targets ‘compelling’ digital infra gains
Investment behemoth wants to more than double the value of its infrastructure business, aided by AI-fuelled growth in data centre capacity and other digital assets.
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Venturing & InvestmentsWayra Hispam invests in retail analytics provider Celes
Startup accelerator’s latest investment part of $1m funding round.
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Venturing & InvestmentsVodafone revamps Italian startup scheme in hunt for next ‘deeptech’ success story
Vodafone Italy launches innoVaction, a reworked Action for 5G replacement, as it seeks startups for equity investments.
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Venturing & InvestmentsTomorrow Street goes transatlantic for full SCALEUP X cohort
Vodafone–Technoport JV finalises list of 20 scaleups on 2023 iteration of acceleration programme.
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Public AffairsEU urges action as 2030 digital infra targets are “far from assured”
European Commission calls on EU member states to pick up the pace on digital infra rollout, estimating up to €227bn required to meet 2030 goals.
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Network & InfrastructureDigital infra slips down UK’s investment priority list
New data from Ipsos and the Global Infrastructure Investor Association shows digital infra is towards the bottom of the UK’s investment priorities.
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M&ADTCP takes majority stake in maincubes
Investment firm reiterates ambition that maincubes can become a “leading European data centre operator”.