All Mergers and Acquisitions (M&A) articles – Page 46
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Vodafone seeks end to Elliott battle over KDG
Group attempts to put more than seven years of hurt behind it at a cost of up to €2.12bn.
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M&A
Telefónica sells infra biz to American Tower
Telxius finds a home at US infrastructure giant. Transaction expected to wipe €4.6bn off Telefónica net debt.
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M&A
DT said to be upping ante on Dutch sale talks
Possible sale of T-Mobile Netherlands could square with long-rumoured plan to buy KPN in order to bolster the Group’s convergence strategy.
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M&A
Telefónica seeks suitor with Chile exit in pipeline
Speculative report suggests Group is ready to relinquish interest in a key pillar of its Hispam unit as monetisation plans evolve. Liberty flagged as front runner, although may face regulatory challenges, and other runners and riders not ruled out.
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M&A
Viasat buys out T-Mobile partner RigNet
Maritime connectivity provider RigNet acquired by satellite specialist Viasat in $222m deal. T-Mobile US partnered with RigNet in July 2019, but COVID-related issues have pegged back progress.
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M&A
T-Mobile ties up another Sprint loose end with Swiftel buy
US NatCo buys Sprint-branded wireless assets operated by Swiftel Communications, leaving Shentel as the last remaining Sprint affiliate.
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M&A
Vodafone Albania quietly plans second cableco buy
OpCo looking to add another string to its convergence bow through a takeover of cable TV player ApNet. Takeover another signal of continued Vodafone commitment to Albania despite recent exit rumours and suggestions by Group leadership that more asset sales could be in pipeline.
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M&A
Liberty homes in on Telefónica units in Colombia and Ecuador
Reports suggest that Liberty Latin America is stepping up its acquisition strategy, and could enable Telefónica to tick two more boxes on its regional divestment list.
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M&A
Vivo shares Oi’s spectrum spoils
In administration operator Oi takes another step towards recovery with divestment of asset trifecta. Mobile assets won by three-strong consortium of Claro, TIM Brasil, and Vivo. Vivo adds to spectrum capacity as well as new customers, while TIM still takes the lion’s share.
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Guidance: tightly-wound numbers obscure future
On a like-for-like basis, Vodafone Group is holding its own in the pandemic so far and leadership appears confident regarding short-term outlook. Longer-term prospects remain a question mark, however, especially as cost-cutting — rather than the top-line growth — is keeping the Group on a steady course. Asset sales ...
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Europe: Read stresses asset line-up is not settled
Vodafone leadership considering next phase of Group strategy, and indicates M&A moves could form part of new medium-term plan. Group open to solutions in markets not generating sufficient return on capital employed. Germany’s importance to Vodafone on display again; commitment to other markets less obvious.
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M&A
BT retreats in Italy as court date looms
TIM snaffles SME and public sector accounts business, but BT maintaining a presence for large enterprises as well as multinationals. Taint of accounting scandal lingers, with former Global executives set for trial in 2021.
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Strategy & Change
T-Systems exits Malaysia
T-Systems sold its business in Malaysia to investors last month after major customer Shell moved IT operations to India, TelcoTitans has learned.
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Elsewhere in BT Group: Cisco takes IMImobile
Partners Cisco and IMImobile to meld customer comms solutions.
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Elsewhere in Africa: Vodacom's Joosub targets techco transition
Vodacom CEO defends Rain tie-up; Lesotho crisis continues; dominant Safaricom back in political spotlight; African OpCos keen on Huawei tech.
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M&A
DT pulls Romanian fixed-line plug but marooned in mobile
Group’s fixed-line assets in Romania currently worth just under €0.5m. Romanian footing remains, with TRMC still falling under DT’s convoluted structure — for now.
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M&A
Could Telefónica hold key in Prisa power play?
Manoeuvring said to be taking place around Telefónica’s residual holding in media group. Group reportedly open to selling 9.4%-stake but not at any price.
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M&A
Vi cashes in from Indus Towers–Infratel merger
Vodafone’s loss-making JV in India gets a much-needed cash boost from sale of Indus stake. Vi reportedly in talks with private equity investors to raise more funds.
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M&A
Telxius prepares subsea business for sale — report
Telefónica TowerCo Telxius reportedly poking investors to see who bites. €2bn valuation for 100,000km-long submarine cable arm. Telxius’s terrestrial portion has seen continued growth, potentially readying for a pivot.