All Mergers and Acquisitions (M&A) articles – Page 45
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M&A
Vodafone Egypt sale inches forward
STC reportedly completes its due diligence. Potential deal still muddied by questions over 45% stake held by Telecom Egypt.
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M&A
EU: Vestager nod set to prompt regional consolidation race
Vestager distracts from four-to-three merger demands by highlighting potential for creation of pan-European big beasts. But is this feasible in any imminent iteration of Europe, beyond cross-border infrastructure ventures envisaged by Orange?
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People
Boddy to give Vodafone Ventures a pump?
Strategy Director’s addition to Vodafone Ventures board poses the question: what exactly is Vodafone’s strategy when it comes to technology VC?
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M&A
Mzimba: Vodacom remains on lookout for B2B buys
South African group still on hunt for venturing possibilities; aims to become “end-to-end digital transformation partner”.
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M&A
Fries on VM-O2 merger: don’t mention the tax breaks
Liberty Global anticipates substantial opportunities for savings by injecting Virgin Media tax losses into O2, but Fries wary that such behaviour may not chime with goal of creating new UK “national champion”.
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M&A
VodafoneZiggo-Telenet merger has ‘logic’, says Liberty
Vodafone’s co-parent in Netherlands JV notes potential synergy benefits of a Belgian-Dutch cableco combination, but indicates deal would be more complex than it first appears.
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M&A
Telefónica wraps up Atresmedia content JV
New joint venture Buendía Estudios is to be 50% owned by each partner.
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M&A
Slovak Telekom exits Zoznam portal
Wholly owned subsidiary Zoznam will be sold to its current CEO Martin Mác “in the coming weeks” as ST focuses on new tech challenges.
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Premium
BT to face bona fide converged challenge from VM–O2
Liberty Global and Telefónica Group creating a UK “connectivity champion” that will leapfrog Sky to become a close second competitor to BT Group. BT confident in its lead in the convergence race, and upbeat on consolidation opportunities, but Spanish fibre know-how and comparable digital portfolio could present new threat. ...
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M&A
Telefónica Deutschland confirms tower switch
German operating business to transfer 10,100 sites to Telxius for €1.5bn. Transaction to reduce Telefónica’s net debt by €500m between 2020 and 2021, but won’t slow down its accelerated capex drive. Telxius portfolio has doubled since 2016.
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M&A
MásMóvil equity deal may spark Spanish consolidation
The private equity acquisition of Spain’s number four operator may see a short-term spike in competition, but could ultimately lead to consolidation, easing pressure on Telefónica and Vodafone. Opportunities could emerge for Telxius to pick up MásMóvil masts in the aftermath.
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M&A
BT exits Saudi JV
30-year relationship trimmed back as part of BT’s broader global operations revamp. Transformation process also sees closure of branch in Abu Dhabi.
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People
Can new Chairman bring back Vodafone’s bottle?
Coming straight from a 15-year CEO tenure, new Chairman does not look likely to be a back seat driver. Lack of a telco legacy appears significant, with Vodafone seeking to diversify products and more closely connect with individual customers. Growth-oriented M&A record suggests brief is not to dismantle Group. ...
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Strategy & Change
BT begins new chapter in Spain
Rosa Ronda to head trimmed-down Spanish unit. Portobello Capital creates new company called Evolutio from former BT assets.
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Strategy & Change
Vodacom puts home market business back in action
U-turn on Vodacom South Africa as it returns to becoming a standalone business with its own MD. Group creates simplified structure to manage expanded African portfolio.
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M&A
TIM enters talks on INWIT sell-down
TIM wastes no time kick-starting efforts to dilute its fledgling tower relationship with Vodafone. Telco enters negotiating tunnel with group of infrastructure investors.
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M&A
BT denies Openreach stake sale
FT report sparks speculation on the future of BT’s access services business as Group market cap hits lows, and worries persist on the funding of fibre rollout plans. BT declined to comment officially but senior management vehemently denied the accuracy of the report in internal comments and on ...
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Premium
Telefónica to integrate DTS
Operating business said to be moving to next stage of TV asset tidy-up.
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People
Swantee lands at Warburg Pincus
Former EE and Sunrise CEO Swantee picked up by Warburg Pincus, conveniently timed as Swiss cable operator UPC looks for buyer. Exec joins a slew of ex-telco CxOs with private equity advisory roles.
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M&A
Joosub still interested in SA fibre buyout
Vodacom remains on lookout for M&A opportunities, although next-generation network expansion has recently dropped down his to-do list.