All Mergers and Acquisitions (M&A) articles – Page 37
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M&ADeutsche Telekom sees Dutch exit door loosen — report
India’s Reliance Industries reportedly set to make €4.8bn non-binding offer for T-Mobile Netherlands. Several top foreign banks apparently formed syndicate to fund the takeover. Akash Ambani said to be personally managing the T-Mobile transaction.
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Strategy & ChangeElsewhere in Vodafone Associates & JVs: Indus tidies IT up
Indus tidies IT up; India becomes potential early target for Vodafone’s sat venture with AST.
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Venturing & InvestmentsTelefónica Innovation & Venturing Roundup: Group profits from Altiostar
One Wayra investment exceeds crowdfunding target while another enters Asia-Pacific; Hispam startup accelerator launches innovation call in Peru; Group makes tidy profit from Altiostar divestment.
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PremiumUnited Group agrees to buy Wind Hellas
Wind Hellas to be combined with broadband and pay-TV provider Nova. Deal creates emboldened converged rival for Vodafone Greece. A new owner for Vodafone’s mobile and fibre network-sharing partner. United Group’s telecoms buying spree continues across Southeast Europe.
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M&AFiBrasil straight into M&A action with Phoenix Fiber buy
Vivo said to have been collaborating with the Phoenix fibre unit since March 2019. Deal brings in a further 170,000 premises, with 310,000 to come.
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M&AAussie antitrust tsar seeks change after TPG–Vodafone merger
Rod Sims, Chair of Australia’s competition commission, expresses “serious concerns” about market health after TPG–Vodafone merger. Sims wants bigger powers to block further anti-competitive M&A.
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M&ACityFibre eyes fresh cash injection
Press reports suggest Openreach challenger will announce fresh funds through stake sale and bond issue.
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Partnerships & AlliancesVodafone NZ goes lean as it splits from Group “mothership”
Former Vodafone OpCo’s new managers say unravelling of legacy IT snarl-up remains a work in progress and “fairly challenging”. “High-performance” business reset expected to deliver big earnings lift in current FY and beyond.
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M&ATPG puts feelers out for TowerCo deal
Australian JV conducting “preliminary market assessment” ahead of possible spin-off. Scope of monetisation would be limited by operator’s low level of site ownership. Competitors have already made moves.
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M&ATelefónica said to be negotiating PangeaCo stake sale
Peruvian fibre business reportedly on the market, as Group’s Hispam monetising plans evolve further. PangeaCo to take form of Brazilian/Chilean equivalent, assuming part-sale goes through.
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M&AHöttges “ready” for Drahi tête-à-tête after BT raid
DT confirms Altice’s secretive acquisition of a large BT holding went unflagged. Group “open” to discussions and sees prospect of “exciting” developments towards end of 2021. DT accentuates lack of pressure to sell up, should Altice target its holding.
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M&ADT interest Community Fibre subsumes rival
FTTP altnet backed by BT shareholder absorbs assets of smaller fibre builder. Business now looking “beyond London” as it continues to accelerate growth. Community Fibre’s FTTP footprint stands at 300,000 premises. Acquisition not impacting commercial operations or leadership structure of “independent” merger partner.
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M&ATelefónica (finally) exits Costa Rica
Group finalises long-awaited divestment. Final transaction price is $538m, around $40m short of previously agreed deal. Movistar marque utilised by Liberty as it pursues multi-brand strategy in Costa Rica. Former Movistar Costa Rica exec to head operations.
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Partnerships & AlliancesVivendi reignites Telefónica relationship with new stake
1% shareholding set to be just the start of a closer alliance and reflects the media group’s enthusiasm for strategic telco partnerships. Partnership opportunities exist across the Telefónica footprint, but Spain appears the main area of interest for Vivendi. The move reverses earlier Vivendi exit as a Telefónica investor, ...
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Strategy & ChangeTelefónica Tech extends cloud reach in Brazil
TC&CT division snags 49.99% stake in Vivo’s CloudCo Brasil. Deal builds on TC&CT’s earlier purchase of CyberCo Brasil. Working in parallel with local operating businesses becoming a Telefónica Tech trend.
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M&AVodafone Italy hands highways infra to INWIT JV
OpCo’s divestment bulks-up INWIT portfolio, as TowerCo continues spending spree. INWIT to equip portion of new assets with IoT capabilities in “smart road” drive. Acquisition expected to be green-lighted before end-2021.
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M&ACancom joins Telefónica Tech stable
Telefónica Tech picks up cloud and security specialist Cancom, as the Group’s growth-oriented technology division targets a strengthened UK presence. Move appears enabled by compete parameters in Virgin Media–Telefónica UK shareholders’ agreement.
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Strategy & ChangeHrvatski Telekom set to offload Optima stake
United Group to acquire majority stake in Optima, advancing converged services challenge to HT. Completion expected by end-2021, but deal requires regulatory approvals and changes to the law. Firming-up of agreement would free HT from strange management arrangement.
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M&AVivo set for a longer wait as CADE rules Oi deal is complex
Regulator to take its time to examine Oi divestment in detail. Decision confirms fears that closure will likely take place in 2022. Suggestion raised that deal could even be rejected.
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PremiumVM O2 bites bullet and pledges fibre future
A future upgrade of VM O2 fixed infrastructure will see coaxial cable edged out and fibre deployed throughout the operator’s footprint. Switching to XGSPON instead of DOCSIS 4.0 pricy, but manageable within modest budgets and with multiple longer term benefits. Pragmatic approach to fibre is partly driven by the ...