All M&A articles – Page 17
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M&A
BT readies itself to ward off unwanted advances
With its share price deflated, dividend suspended, and a series of financial challenges on the horizon, BT Group is consulting on the best way to shore its defences against unsolicited bids. Boutique banker and trusted Vodafone advisor Robey Warshaw may be added to BT defence team. KKR emerges as ...
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M&A
DT half-way out of Romania (maybe)
Agreement “in principle” reportedly struck between Orange and Romania’s government to take over Telekom Romania’s fixed-line business. Mobile arm still up for sale, as DT struggles to find full escape velocity from underperforming market.
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M&A
Telefónica drops AxisMed
Group offloads care management specialist to Atrys Health. A pivot from ‘provider’ to ‘partner’ in Telefónica’s healthcare strategy.
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M&A
Government takes on Hrvatski Telekom over Mostar stake
Speculation over telecoms privatisation process in Bosnia and Herzegovina bubbles up again, pushing Hrvatski Telekom and Deutsche Telekom to consider options.
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M&A
Telefónica sees exit door in El Salvador (but is it shut?)
Anti-trust agency lays out tough sale conditions to América Móvil’s Claro. Anxious wait to see if Mexican group plays ball. Both Telefónica Móviles El Salvador and Telefónica Multiservicios up for sale in deal reportedly worth $315m.
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M&A
Oi can afford to be choosy as rival bids for assets emerge
Restructuring Brazilian operator Oi is weighing up escalating offers for its mobile assets as a consortium of local operators compete with private equity-funded infrastructure provider Highline. TIM Brasil may have most at stake in bidding, with speculation it would take the lion’s share of Oi assets.
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M&A
Telefónica uses Liberty for Costa Rica exit Plan B
Telefónica still intends to pursue legal action against former buyer Millicom. New agreement looks to have wiped $70m off the previously agreed deal.
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M&A
Spanish altnet MÁSMÓVIL hits takeover turbulence
Activist investor tries to foil private equity buyout.
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M&A
Claro joins Telefónica and TIM in Oi bid
América Móvil joins the cavalry as stalking horse bidders ride in with plans to divvy up Oi’s mobile base, bringing consolidation to the Brazilian market.
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M&A
BT Global finalises French offload to Computacenter
Asset-light playbook repeated. BT to continue serving MNCs and retain local SoC.
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M&A
VHA starts new slate as TPG Telecom
Berroeta keeps CEO role post-merger; Teoh watches on closely as non-executive Chairman. Mobile and fixed network “synergies” a priority. Vodafone brand sits alongside slew of TPG sub-brands.
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M&A
Vodafone Egypt sale hit by further delay
stc seeks two more months, with due-diligence and funding in the frame. Telecom Egypt remains thornily enigmatic.
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M&A
Vodafone Egypt sale inches forward
STC reportedly completes its due diligence. Potential deal still muddied by questions over 45% stake held by Telecom Egypt.
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M&A
EU: Vestager nod set to prompt regional consolidation race
Vestager distracts from four-to-three merger demands by highlighting potential for creation of pan-European big beasts. But is this feasible in any imminent iteration of Europe, beyond cross-border infrastructure ventures envisaged by Orange?
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M&A
Mzimba: Vodacom remains on lookout for B2B buys
South African group still on hunt for venturing possibilities; aims to become “end-to-end digital transformation partner”.
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M&A
Fries on VM-O2 merger: don’t mention the tax breaks
Liberty Global anticipates substantial opportunities for savings by injecting Virgin Media tax losses into O2, but Fries wary that such behaviour may not chime with goal of creating new UK “national champion”.
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M&A
VodafoneZiggo-Telenet merger has ‘logic’, says Liberty
Vodafone’s co-parent in Netherlands JV notes potential synergy benefits of a Belgian-Dutch cableco combination, but indicates deal would be more complex than it first appears.
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M&A
Telefónica wraps up Atresmedia content JV
New joint venture Buendía Estudios is to be 50% owned by each partner.
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M&A
Slovak Telekom exits Zoznam portal
Wholly owned subsidiary Zoznam will be sold to its current CEO Martin Mác “in the coming weeks” as ST focuses on new tech challenges.
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M&A
Telefónica Deutschland confirms tower switch
German operating business to transfer 10,100 sites to Telxius for €1.5bn. Transaction to reduce Telefónica’s net debt by €500m between 2020 and 2021, but won’t slow down its accelerated capex drive. Telxius portfolio has doubled since 2016.