More Infra Finance & M&A – Page 14
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M&A
Liberty CEO ‘in M&A talks with CityFibre’
Not a done deal. Discussions are preliminary and large-scale consolidation in UK altnet market likely to attract sharp scrutiny from regulators.
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CDPQ ‘overtakes KKR’ in American Tower India stake race
Reports suggest Canadian investor looks the more likely buyer after moving faster than rival KKR bid.
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BT welcomes “bold” Spring Budget but altnets left wanting more
Openreach’s fibre rollout plans will benefit from new tax policy, but altnets want more regulatory reform to protect investment.
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M&A
INWIT flags ‘pipeline’ of potential M&A add-ons
TowerCo boss caveats that any deal-making will be local, small scale, and funded by organic capex.
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Macquarie makes bid for TIM’s fixed infra, state backing sweetens deal
Macquarie partners state lender CDP for latest offer on TIM’s fixed network infrastructure.
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Sweden’s EQT rounds out digital infra portfolio with Radius deal
Deal is worth $3bn including debt.
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Investors kick Cellnex tyres; management ‘open’ to minority sales
Spanish group could bring financial partners into its country businesses, in a bid to speed up push towards financial stability.
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DigitalBridge eyes casualties from European fibre fallout
Investment group sees financially squeezed altnets’ valuations dropping dramatically, offering up opportunities to absorb weakened players.
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M&A
Schüler ‘open’ to altnet M&A as VMO2 builds fibre base
Virgin Media O2 CEO states altnet consolidation is possible, citing “very low” penetration rates among fibre providers.
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M&A
Brazil’s Vivo sees fibre M&A possibilities hotting up
Operator open to being active deal-maker in market that “needs to be consolidated”, says CEO.
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Telefónica proceeds serenely as Spain’s fibre scene braces for consolidation fallout
The reported suspension of a €1bn Spanish fibre access merger over financing difficulties sparked speculation that the crowded market may struggle with future funding.
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Orange questions sell off of Europe’s ‘critical’ infra
CEO Christel Heydemann wants to keep hold of tower business TOTEM, citing strategic and political concerns around majority sales of infrastructure assets.
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People
Infra investor people moves: Léger steps up as SCOR CEO
Thierry Léger to take Chief Executive spot at SCOR in May; Celeste Mellet begins CFO tenure at Global Infrastructure Partners.
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Contractor Morrison Telecom Services buys out competition, strengthens Openreach ties
MTS acquires part of Light Source Design from administrators, saving 83 jobs.
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Telefónica, Liberty step back from Cornerstone
Duo said to be putting wheels in motion to halve their stake in UK TowerCo to 25%
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Fern’s band of UK local altnets being packaged into ‘national’ fibre challenger; branding TBC
Top-ten fibre altnet investor plots nationwide wholesale access network to eke out spot in competitive market, with support from (aspirational) CityFibre, Openreach partnerships.
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Deutsche Telekom closes out €10bn towers sale
Deutsche Telekom completes transfer of majority ownership in German and Austrian tower business.
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TIM examining KKR’s latest bid for fixed-line infra
US private equity group puts forward non-binding offer for purchase of network infra, including Italian operator’s FiberCop and Sparkle assets.
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T-Mobile US keeps options open on fibre play
No decision made on adding wireline to complement fixed-wireless home broadband offering.
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A year on, Vantage reassures ops overhaul ‘is working’
TowerCo remains on “journey” when it comes to realigning its production function, and smoothing out logistics challenges arising from the global supply chain crunch.