All Mergers and Acquisitions (M&A) articles – Page 30
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Public Affairs
Telefónica faces CNMC probe for Canal+ buyout breach
Operator investigated for alleged contravention of DTS acquisition terms.
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Premium
Vodafone UK keeps cards close to chest on M&A
VfUK CEO Ahmed Essam sees in-market mobile consolidation as “no silver bullet”.
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M&A
Viasat under fire from US rivals over Inmarsat deal
Amazon-owned Kuiper Systems and Elon Musk’s SpaceX file FCC complaints.
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Premium
Vodafone Q4 FY21–22: Germany weakness clouds performance
Deteriorating commercial performance in Germany and lack of visible progress on M&A were counterpoints to Europe’s “good growth”.
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Premium
Discovery JV steps up BT’s phased exit from sport
High-profile 50:50 joint venture confirmed after twelve months of speculation regarding potential suitors for BT Sport.
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Strategy & Change
Liberty exec predicts ‘end of an era’ for altnet funding
Chief Development Officer Andrea Salvato warns altnets of rocky macro period, set to shake up challenger funding.
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Premium
Elsewhere in Vodafone Partner Markets: A1 Telekom snaps up STEMO
Canadian competition authority rejects Rogers–Shaw mega-merger; Vodafone New Zealand takes full control of retail stores JV.
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Premium
Vodafone Q4 FY21–22: ‘Keep calm and carry on’
Read once again assures shareholders that M&A activity is on the horizon.
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Strategy & Change
Drahi returns to BT spotlight amid fresh takeover speculation
All eyes on French billionaire as six-month ban on BT takeover bid expires tomorrow.
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Partnerships & Alliances
1NCE links up with SoftBank on Asia-Pacific push
DT spinout’s exclusive regional distribution deal provides another layer to German group’s flourishing romance with SoftBank.
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Network & Infrastructure
Deutsche Funkturm rumours continue as bidding enters second phase
Unnamed sources parade panoply of Deutsche Telekom monetisation options for German towers business, apparently valued at around €20bn (including debt).
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Public Affairs
Drahi’s BT stake raises national security concerns
UK Business Secretary Kwasi Kwarteng wields National Security & Investment Act to review, and potentially reverse, Altice UK’s latest BT stake acquisition.
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Premium
Elsewhere in Telefónica Group: Álvarez-Pallete gets pay pump
Álvarez-Pallete’s salary increases by nearly 70% in 2021 thanks to bonus for closure of Telxius tower divestment and O2 UK merger.
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Strategy & Change
All eyes on Read as e& acquires $4.4bn Vodafone stake
Chief Executive Nick Read ‘blindsided’ by announcement ahead of Tuesday’s annual results call.
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Financial & Performance
Vodafone Q4 FY21–22: Super apps and fintech investment to drive Vodacom growth
FY21–22 results underline revenue diversification ambitions, with ‘new services’ set to contribute increasing proportion to bottom line.
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Financial & Performance
Q1 FY22: Telefónica facing challenges with a spring in its step
Strong start to FY22 saw cross-examination on prospect of a quick upgrade on guidance for the year. VM O2 the odd one out as three of Telefónica’s core markets show strengthening operational performance and clear vision for market evolution. Telefónica Tech building momentum, but strategy of buying short-term growth ...
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M&A
Telefónica remains open to Hispam M&A
Group says it remains focused on “modulating exposure” to unpredictable regional markets. Executives will consider further deal opportunities, despite appearing much more comfortable with exposure levels. Turnaround programme launched in 2019 providing “very solid results”. Hispam still not seen as ‘core’ territory.
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M&A
TPG sells towers to Canadian pension fund
CEO Berroeta claims balance sheet boost is “strong outcome” for shareholders. Enterprise value set at AU$ 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 acquires German data services player
Deal for data analysis outfit completed in transaction worth up to €350m.
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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.