All Mergers and Acquisitions (M&A) articles – Page 34
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Strategy & ChangeBT picks advisors to patch takeover vulnerabilities
Robey Warshaw testing BT defences ahead of the end of restrictions on a full takeover bid from major shareholder Altice. Jansen’s ambitious strategy coupled with share price volatility may also be contributing to need for additional City counsellors.
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M&ATelefónica’s El Salvador sale under review by regulator
$144m deal cannot go ahead without authorisation. SC has 90 business days to reach a decision.
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Financial & PerformanceHrvatski Telekom continues to eye regional M&A
Croatian operator sees an uptick in business during summer months, leading to raised forecasts. Management remains keen on building HT into a regional telco/IT business, saying dealmaking opportunities are being monitored.
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Public AffairsUK government defends Ethiopian mobile investment
Vodafone and CDC investment in Ethiopian mobile operator crops up in parliamentary debate on Tigray humanitarian crisis. Investment deemed to be “right” and long term. CDC emphasises role as impact investor with a lot of patience. Vodacom agrees to fund Safaricom Telecommunications Ethiopia.
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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&AHrvatski 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 & InfrastructureCiti 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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ProfileCEO 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&ATelefónica 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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PremiumDeutsche 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&ALiberty 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&ADeutsche Telekom quietly exits Dynamic Signal
DTCP divests 2018 investment, which has merged with SocialChorus.
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M&AVodafone’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 & InvestmentsVodafone 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&ADAZN 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&ATelefónica 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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PremiumVodafone 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&ATelefónica joins Liberty in move towards UK tower sale
Goldman Sachs reportedly handed reins to examine prospective Cornerstone share sale.
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M&AOTE 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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PremiumBT 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.