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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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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.
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M&A
Telefónica Tech on verge of BE‑terna acquisition
Local outlets suggest deal for data analysis outfit is nearing completion.
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M&A
Telefónica 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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M&A
TIM 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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M&A
Vodafone ‘weighs’ TalkTalk takeover
UK altnet said to have asked Lazard to review options as potential bidders circle.
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M&A
Vodafone mulls Spanish fixed line options
Spanish OpCo faces tough decisions as rivals MÁSMÓVIL and Orange Spain plan merger.
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M&A
Vivo eyes convergence options as Oi integration begins
Cross‑selling to new Oi customer base a focus for CEO Christian Gebara as migration and integration gets underway, set to be completed in 2023. Synergies of BRL 5.4bn (£870m/€1bn) expected via efficiencies in costs, investments, and integration. Spectrum and mobile site tidy‑up due this year, with half of the ...
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M&A
Oi sale completed following two‑year wait
Consortium featuring Telefónica|Vivo, América Móvil’s Claro Brasil, and TIM Brasil concludes BRL 14.5bn deal for Brazilian operator’s mobile assets. Move will bring a “new infrastructural balance” to the market. Initial interest was mooted in March 2020, with Oi having filed for bankruptcy in 2016. Telefónica|Vivo to net 12.5 million ...
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M&A
DT hoping for speedy resolution amid ‘multiple’ tower bids
Future of Deutsche Funkturm to be determined following bids from various parties, with American Tower, Cellnex, KKR, and Vantage Towers all named. DT apparently keen to seal a deal sooner rather than later. Despite previous intent to complete full sale, minority option remains “attractive”.
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M&A
Telefónica’s Vilá welcomes merger of rivals in ‘fragmented’ Spanish market
Telefónica COO again questions whether Telefónica should now be seen as a dominant player. Vodafone said to be exploring options for its fixed assets in Spain.
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M&A
T-Mobile Netherlands CEO welcomes private equity owners with open arms
Abildgaard compares new strategy with that of old parent company Deutsch Telekom. Ambitious aim to turn Dutch operator into the country’s largest fibre service provider within five years. CEO makes undisclosed investment in new-look company.
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M&A
T‑Mobile Netherlands sale finalised
Consortium WP/AP Telecom Holdings concludes long‑awaited transaction. New owners keen on ‘business as usual’ approach, with eyes on continued growth. Deutsche Telekom expected to net about €3.8bn from sale.
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M&A
Dutch exit done; Abildgaard welcomes new owners
Abildgaard takes apparent swipe at Deutsche Telekom following long‑awaited sale to WP/AP Telecom Holdings consortium. CEO champions ambitious aim to turn Dutch operator into country’s largest fibre service provider within five years. CEO makes undisclosed investment in new‑look company. DT expected to have net about €3.8bn from sale, with ...
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M&A
Hrvatski Telekom to absorb evotv assets
Merger of HT Produkcija with Croatian incumbent on the cards. HT Produkcija, fully owned by Hrvatski Telekom and owner of evotv, will cease to exist.
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M&A
Deutsche Telekom set to cash in on Dutch exit
T-Mobile Netherlands’ junior partner Tele2 expects sale transaction to close within “weeks”. Group to receive around €3.8bn in net cash proceeds. Unlikely to follow Tele2’s lead and use cash windfall for extraordinary dividend.
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M&A
KKR reiterates Telecom Italia interest
Private equity giant said to have made fresh request to begin due diligence. Follows €10.8bn made in November 2021. TI remains hopeful of its own revival plan via Open Fiber merger.
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M&A
Indian government urged to speed up Vi equity conversion
Debt-for-equity swap yet to go through after months in limbo. Vi said to believe completion is key to securing further investments. Move would give Indian government a 35.8% stake in Vi.
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M&A
Telefónica Tech boosts Microsoft partnership with Incremental acquisition
Incremental Group to be integrated into Telefónica Tech UK&I. £175m fee dependent on future performance. Acquisition sees Telefónica Tech UK&I become one of Microsoft’s largest partners in the UK.
