All Mergers and Acquisitions (M&A) articles
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Strategy & ChangeAll eyes on Read as e& acquires $4.4bn Vodafone stake
Chief Executive Nick Read ‘blindsided’ by announcement ahead of Tuesday’s annual results call.
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Financial & Performance
Super apps and fintech investment to drive Vodacom growth
FY21–22 results underline revenue diversification ambitions, with ‘new services’ set to contribute increasing proportion to bottom line.
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Financial & Performance
Q1 FY22: Telefónica facing challenges with a spring in its step
Strong start to FY22 saw cross‑examination on prospect of a quick upgrade on guidance for the year. VM O2 the odd one out as three of Telefónica’s core markets show strengthening operational performance and clear vision for market evolution. Telefónica Tech building momentum, but strategy of buying short‑term growth ...
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M&A
Telefónica remains open to Hispam M&A
Group says it remains focused on “modulating exposure” to unpredictable regional markets. Executives will consider further deal opportunities, despite appearing much more comfortable with exposure levels. Turnaround programme launched in 2019 providing “very solid results”. Hispam still not seen as ‘core’ territory.
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M&A
TPG sells towers to Canadian pension fund
CEO Berroeta claims balance sheet boost is “strong outcome” for shareholders. Enterprise value set at AU$ 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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Strategy & Change
Elsewhere in Deutsche Telekom Europe: OTE pitches Romanian Business
T‑Mobile Poland signs 15‑year PPA with GreenVolt; OTE reportedly seeking to offload Telekom Romania Mobile Communications.
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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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Operations
Vivo refocuses M&A strategy with CVC launch
Vivo Ventures expected to become one of the largest CVCs in Brazil. Plans to invest BRL 320m across a number of startups over the next five years.
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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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Financial & Performance
FY21: Group more comfortable with exposure levels
Hispam still not considered ‘core’. However, executives are clearly less concerned by volatility and cash flow drags from cluster of regional OBs. Group indicates deal-making shift from full country exits to infrastructure asset rejigging.
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Venturing & Investments
Vodafone increases Vi stake
Group outlines commitment to struggling JV, upping its holding by 3.2%. Investment arrives via Vodafone subsidiary Prime Metals in a vital period for Vi. Further cash injections mooted amid government takeover.
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Strategy & Change
Telefónica’s Cerdán eyes M&A in Brazil, Germany
Telefónica Tech will also look at moving into markets outside Group footprint. Tech division now has about 4,000 employees. CEO downplays 2019 aims, but highlights unit’s double‑digit revenue growth in 2021. No open processes on potential sale of minority stake in division to a financial investor.
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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.
