All Mergers and Acquisitions (M&A) articles – Page 53
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M&ATelefónica wraps up Atresmedia content JV
New joint venture Buendía Estudios is to be 50% owned by each partner.
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M&ASlovak 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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PremiumBT 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&ATelefónica 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&AMásMóvil 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&ABT 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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PeoplewatchCan 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 & ChangeBT 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 & ChangeVodacom 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&ATIM 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&ABT 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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PremiumTelefónica to integrate DTS
Operating business said to be moving to next stage of TV asset tidy-up.
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PeoplewatchSwantee 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&AJoosub 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.
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PremiumInevitably, Optima stake sale hits problems
Authorities continue long search to resolve NatCo’s role as Optima babysitter, and wider broadband domination in Croatia. Another outcome of COVID-19 disruption to regulators’ plans in Europe.
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M&AO2 and VM: cash in the attic and a new shop front
While building a strong UK competitor is the headline motivation behind the plan to merge O2 UK and Virgin Media, for Telefónica the deal is a shining opportunity to get its Group finances in order. Structure of the JV suggests a key opening for Telefónica to bring its strong ...
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Financial & PerformanceTMUS’ Sievert: AT&T and Verizon privately fought Sprint merger
Q1 call sees new CEO Sievert riff on familiar Legere-era themes, taking aim at rival duo on pricing and service. COVID-19 impact still being assessed, but mixed. TMUS responds with operational “re-evaluation” but cites commercial upside too. Sprint merger: buying economies being accelerated, brands to be melded to support ...
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Network & InfraVirgin Media pressuring BT on mobile backhaul
Key BT wholesale rival is on the front foot as mobile operators shop around for 5G backhaul.
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PremiumFibre JV stake sale planned for Chile
Fibre network assets in Chile set to become part of the JV portfolio within Telefónica Infra, assuming a partner can be found.
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M&AVodafone exits long-time IT sherpa Celfocus
Portuguese partner brings Celfocus’ systems expertise in-house.