All Mergers and Acquisitions (M&A) articles
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M&ATelefónica sells El Salvador unit at the second attempt
Honduran financiers acquire Telefónica El Salvador for a cut‑price $144m following breakdown of negotiations with América Móvil in 2020. Move completes Telefónica’s exit from Central America.
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M&A
Hrvatski Telekom’s Optima offload expected within “days”
Change in Electronic Media Act paves way for transaction with United Group. Regulatory chief “very satisfied” at the prospect of a “third major player” in the fixed market.
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Network & Infrastructure
Citi said to be charged with Telefónica Spanish infra sale
Rumours continue to circulate around Telefónica’s fibre monetisation plans in Spain. Investment bank understood to have valued Spanish fibre infrastructure at €14bn. Sale speculation comes despite Telefónica classing its Spanish fibre infrastructure as a “strategic asset”. Report suggests Group is seeking resources to finance investments in 5G and digitisation. ...
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Profile
CEO Lutz Schüler relishes challenger role at VM O2
After Virgin Media O2’s first 100 days, Schüler is raring to go head‑to‑head with BT on full fibre, wholesale, and B2B. Reportedly in talks with Sky on fibre investment. Determined merger integration won’t slow VM O2 down. Big believer in “data and digital” for delivering what customers want; hints ...
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M&A
Telefónica mulling Spanish infra stake sale?
Rumours circulate that Group is discussing fibre monetisation in Spain. Between five and ten funding vehicles reportedly put hats in the ring, as Group sounds out market interest. Sale speculation comes despite Telefónica classing its Spanish fibre infrastructure as a “strategic asset”.
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M&A
Deutsche Telekom finally exits Romania’s fixed-line market
After nearly a year‑long wait, OTE signs off on deal to sell majority TRC stake to Orange. Deutsche Telekom’s interests in Romania now limited to mobile. As eyes turn to next moves in Group’s reshaping in Europe, OTE continues to indicate commitment to leftover Romanian mobile interest. Höttges says ...
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M&A
Liberty CEO: call me, Nick, if you want to sell VodafoneZiggo
Mike Fries says Liberty “open-minded” on possibility of transaction with co‑parent Vodafone. Management of Dutch JV conducting “strategic review” around issues including infrastructure and content ownership.
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M&A
Deutsche Telekom quietly exits Dynamic Signal
DTCP divests 2018 investment, which has merged with SocialChorus.
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M&A
Vodafone’s nudge technique gets STC ‘back to table’
Regional media reports indicate that Saudi Telecom Company is seeking to revive a buyout of the Group’s Egyptian business, after failure of 2020 deal. Move follows Vodafone’s exploration of an internal switch of Egyptian OpCo.
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Venturing & Investments
Vodafone ups investment in collaboration player VOSS
Group contributes to new funding round by long‑time unified comms services partner. Rare sign of activity at Group’s startup investment unit Vodafone Ventures. VOSS bidding for growth following pandemic shake‑up to business collaboration.
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M&A
DAZN targets Premier League with BT Sport bid — reports
Reports indicate BT is in “advanced” stage talks with DAZN to offload BT Sport, with a deal mooted “within weeks”. Broadcasting rights the big‑ticket item for US streaming specialist, while BT looks to focus efforts on network expansion.
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M&A
Telefónica nearing Uruguay exit?
New suitor emerges as Telefónica considers bid for Uruguayan unit. Local politician leading acquisition push on behalf of consortium partners. Reported bid falls some way short of independent valuation.
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M&A
Vodafone Group’s Dutch and British tower partners look to cash in
Liberty CFO says group “not in love with” tower ownership and keen to unlock value in Belgium, Netherlands, and UK. Telefónica hands Goldman Sachs reins to examine prospective Cornerstone share sale.
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M&A
Telefónica joins Liberty in move towards UK tower sale
Goldman Sachs reportedly handed reins to examine prospective Cornerstone share sale.
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M&A
OTE takes full ownership of Romanian mobile business
OTE’s near-100% absorption of mobile business a regulatory prerequisite for sale of its fixed sibling to Orange. Telekom Romania’s 30% holding given €59m price tag. Previously the subject of sale speculation, TRMC now fully focused on organic growth, with new Bucharest headquarters portrayed as “fresh start”.
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M&A
BT Pension Scheme completes Hermes exit
Federated Hermes actions call option to acquire BTPS’s residual shareholding in fund manager. BT on track with pension deficit recovery plan.
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Strategy & Change
Evans elevated to lead Telefónica’s digital strategy
Former O2 UK CEO takes a step up the Group management ladder after missing out on role as head of merged UK JV. Potential for pivotal digital double act with Chema Alonso bringing innovation expertise to be harnessed by Evans’ commercial nous. Navarro remains as key adviser to Chairman, ...
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Financial & Performance
Vodafone Q1 FY21–22: ‘Phase two’ relaunched with M&A sweetener
Some hints of compromise with City overseers as Vodafone re-seeds post-pandemic, digital-led growth plan. New Chairman van Boxmeer appears to be lighting a fire under Group mindset and strategy. M&A talked up as a lever to help Vodafone in the push to revive growth. Another chunk of Vantage could ...
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M&A
T‑Systems offloads South African remnant
Deutsche Telekom’s enterprise unit wraps up SA exit after selling training and development provider. Continuation of T-Systems slimming drive
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Network & Infrastructure
Sievert blames Dish for CDMA “crisis”
TMUS CEO says Dish should do more to migrate Boost customers from “antiquated” 3G network. Holds firm on shuttering CDMA network on 1 January 2022, despite “grave concerns” expressed by DoJ. Says Dish’s network-sharing deal with AT&T will have no impact on five‑year plan.
