All Mergers and Acquisitions (M&A) articles – Page 15
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M&AVirgin Media O2 sheds further chunk of Cornerstone TowerCo
£180m+ fillip sees VM O2 reach monetisation milestone, with another minority offload, while continuing to consolidate TowerCo financially. Buyer Equitix extends digital infra portfolio, while UK tower landscape continue to shift…
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Partnerships & AlliancesOne in, one out as SBA shakes up tower portfolio via M&A
US-based wireless infra group puts Philippines business up for sale after netting a 7,000 tower buy from Millicom in central America.
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M&AVodacom considers appeal after courts block MAZIV fibre plans
Proposed South African fibre JV blocked by Competition Tribunal after lengthy review process, but details of decision not yet published.
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Financial & PerformanceClock ticking for UK altnet Spring Fibre as administration looms
A notice of intention to enter administration has been submitted, with the altnet having until the end of the week to find a solution for its financial situation or appoint an administrator.
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Strategy & ChangeBT Radianz is latest B2B unit to be put up for sale — report
Group reported to be looking for buyers for financial services unit in latest move to slim down, cut back.
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Financial & PerformanceGrain claims to beat Openreach connection costs as EBITDA breakeven nears
UK fibre altnet frontloads capex to build to property boundaries, making for cheap connections when customers sign up, but Grain may be playing a high-risk game…
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M&ABT Ireland catches eye of Macquarie-backed Viatel — report
A new report from The Irish Times says Viatel Technology Group, a Macquarie-backed digital services provider, is looking with interest at BT Ireland as “all options” are being explored for the Group’s international B2B businesses…
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M&AOTE receives a tax hit on way out of Romanian exit door
Local tax authority lands Telekom Romania Mobile with a €33.5m charge it says stems from past VAT and corporate income tax errors.
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M&AVantage said to eye Spanish exit as telco M&A pressures bite
Vodafone Spain said to be mulling a switch to Vantage rivals unless tower usage fees are cut.
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Strategy & Change‘New options’ emerging for DT’s stake in BT — Höttges
Deutsche Telekom CEO Tim Höttges sees things “going into our favour” at BT as German operator’s ‘biggest mistake’ begins to turn around and new international shareholders target the operator.
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Financial & PerformanceDeloitte slams TalkTalk’s financial controls, resigns auditor role
Deloitte quits as TalkTalk’s auditor after 22 years and issues damning statement about the broadband provider’s financial reporting controls.
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Network & InfraDT’s dealmaker-in-chief still harbours hopes of creating European infra giant
German operator’s Head of Group Development insists large-scale consolidation is coming — and says it is packaging up central and eastern European assets, plus targeting significant earnings growth in Germany and Austria, to improve DT’s bargaining power.
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M&ATPG secures fibre sale to Macquarie-backed Vocus
AUD 5.25bn deal will see Vocus pick up fibre network assets and a chunk of TPG’s enterprise, government, and wholesale business.
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M&ABT, Sky urge CMA to block Vodafone-Three merger
BT and Sky make last-ditch arguments to prevent the merger of Vodafone and Three that would combine the UK’s third and fourth mobile operators.
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M&ASpanish M&A rolls on as Inveready said to reach Avatel deal
Asset management group reportedly reaches deal with Avatel co-founder to jointly acquire the business, continuing wave of consolidation in Spanish telecoms market. Read more…
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M&AGIP said to seek reboot in India after completion of BlackRock mega-buy
Change reportedly already underway at GIP following BlackRock acquisition, as the digital infra investor gauges interest from the likes of Macquarie, KKR, and Stonepeak on a sale of Ascend Telecom stake. Read more…
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M&ABrazil’s Vivo eyes more B2B M&A after closing out IPNET buy
Up-to-BRL 230m acquisition of cloud services player finalised following greenlight from national regulatory bodies.
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M&AItalian government returns with shinier Sparkle bid
Country’s Ministry of Economy and Finance teams with Spanish investment group Asterion on bid to take control of Telecom Italia’s long-distance fibre business.
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Financial & PerformanceCityFibre on the hunt for more cash to fund capital-intensive fibre rollout
UK altnet’s debt and equity funding due to dry up next year, but talks ongoing with prospective investors for new cash.
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PeoplewatchDT picks in-house exec to lead new €2bn tech M&A fund
Telekom Strategy Consulting’s Julia Kainz to switch to DT’s Group Development division, with responsibility for seeking out high-tech growth acquisitions.