All M&A articles – Page 22
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M&AT-Mobile ties up another Sprint loose end with Swiftel buy
US NatCo buys Sprint-branded wireless assets operated by Swiftel Communications, leaving Shentel as the last remaining Sprint affiliate.
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M&AVodafone Albania quietly plans second cableco buy
OpCo looking to add another string to its convergence bow through a takeover of cable TV player ApNet. Takeover another signal of continued Vodafone commitment to Albania despite recent exit rumours and suggestions by Group leadership that more asset sales could be in pipeline.
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M&ALiberty homes in on Telefónica units in Colombia and Ecuador
Reports suggest that Liberty Latin America is stepping up its acquisition strategy, and could enable Telefónica to tick two more boxes on its regional divestment list.
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M&AVivo shares Oi’s spectrum spoils
In administration operator Oi takes another step towards recovery with divestment of asset trifecta. Mobile assets won by three-strong consortium of Claro, TIM Brasil, and Vivo. Vivo adds to spectrum capacity as well as new customers, while TIM still takes the lion’s share.
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M&ABT retreats in Italy as court date looms
TIM snaffles SME and public sector accounts business, but BT maintaining a presence for large enterprises as well as multinationals. Taint of accounting scandal lingers, with former Global executives set for trial in 2021.
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M&ADT pulls Romanian fixed-line plug but marooned in mobile
Group’s fixed-line assets in Romania currently worth just under €0.5m. Romanian footing remains, with TRMC still falling under DT’s convoluted structure — for now.
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M&ACould Telefónica hold key in Prisa power play?
Manoeuvring said to be taking place around Telefónica’s residual holding in media group. Group reportedly open to selling 9.4%-stake but not at any price.
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M&ACellnex open to Telxius grab
TowerCo CEO cheerfully talks up prospect of acquiring stake in Group’s infrastructure business. Idea of Telefónica-Cellnex tie mooted previously — and never totally quashed. Telefónica’s weakening debt profile may prompt inorganic action around infrastructure.
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M&AVi cashes in from Indus Towers–Infratel merger
Vodafone’s loss-making JV in India gets a much-needed cash boost from sale of Indus stake. Vi reportedly in talks with private equity investors to raise more funds.
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M&ATelxius prepares subsea business for sale — report
Telefónica TowerCo Telxius reportedly poking investors to see who bites. €2bn valuation for 100,000km-long submarine cable arm. Telxius’s terrestrial portion has seen continued growth, potentially readying for a pivot.
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M&AForthnet share shuffle puts United Group in charge
Pending takeover ends will-they-won’t-they saga of possible Vodafone and Wind buyout. Forthnet MVNO supported by Vodafone Greece yet to be launched commercially, but reflects competitive threat for OpCo to ponder. Move for Wind rumoured as next step for United.
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M&ABT Global wraps up French exit
French infrastructure business bought by IT group said to generate in region of £100m in annual revenue. BT keen to highlight it will maintain a presence in France, with 60 major customers active on the country.
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M&AVestager: Brexit complicates O2-VM competitions ruling
European Competition Commissioner signals openness to allowing CMA to oversee the review of O2’s proposed merger with Virgin Media History, and the appeal of the EC being able to reassert its views on market consolidation, may still point to Europe asserting its prerogative however. O2 and Virgin Media see ...
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M&AVodafone UK’s partner puzzle remains unsolved
Could O2 + Virgin Media = Three for Vodafone UK? Fixed–mobile convergence is a riddle to be solved.
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M&AVodafone gets India tax break from The Hague
International arbitration court rules against India in long-running tax dispute surrounding 2007 Hutchison Essar acquisition. Prime Minister Narendra Modi’s government reportedly mulling an appeal, pending legal advice. In separate tax news, India’s Supreme Court calls for ten-year payback period on outstanding AGR dues.
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M&AMÁSMÓVIL CEO calls Vodafone link a “bluff”
Spenger scoffs at recent media reports that MÁSMÓVIL was in consolidation talks with Vodafone. CEO pointedly adds, however, that mergers eliminate “unnecessary infrastructure costs”.
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M&AMBNL’s future up in air as Three ponders mast sale
Both MBNL and Cornerstone, UK MNOs’ two tower joint ventures, appear on the verge of an ownership revamp. Three exit could tie with moves by CK Hutchison to establish a separate TowerCo.
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M&ATelefónica ponders surrendering Telxius majority
CFO Abasolo reportedly open to the idea of letting go of direct Telxius control to enable faster growth as an independent business.
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M&AVodafone linked with Spain’s MÁSMÓVIL again
Group reportedly in acquisition talks with Spain’s fourth largest operator. MÁSMÓVIL subsequently denies discussions after only recently agreeing to private equity buyout.