More Infra Finance – Page 15

  • tfw158-tt-spain-infra-sale?

    Telefónica mulling Spanish infra stake sale?


    Rumours circulate that Group is discussing fibre monetisation in Spain. Between five and ten funding vehicles reportedly put hats in the ring, as Group sounds out market interest. Sale speculation comes despite Telefónica classing its Spanish fibre infrastructure as a “strategic asset”.

  • Group’s Dutch and British tower partners look to cash in

    Vodafone Group’s Dutch and British tower partners look to cash in


    Liberty CFO says group “not in love with” tower ownership and keen to unlock value in Belgium, Netherlands, and UK. Telefónica hands Goldman Sachs reins to examine prospective Cornerstone share sale.

  • tfw157-tt-tf-joins-liberty-in-uk-tower-sale

    Telefónica joins Liberty in move towards UK tower sale


    Goldman Sachs reportedly handed reins to examine prospective Cornerstone share sale.

  • Elsewhere in Vodafone Associates & JVs: Indus tidies IT up
    Strategy & Change

    Elsewhere in Vodafone Associates & JVs: Indus tidies IT up


    Indus tidies IT up; India becomes potential early target for Vodafone’s sat venture with AST.

  • btw327-tt-cityfibre-cash-inject

    CityFibre eyes fresh cash injection


    Press reports suggest Openreach challenger will announce fresh funds through stake sale and bond issue.

  • vfw199-tt-tpg-towerco

    TPG 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.

  • tfw156-tt-tf-peru-negotiate-sale-peru-fibreco

    Telefónica 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.

  • btw327-tt-cf-subsumes-rival

    DT 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.

  • btw327-tt-jansen-full-fibre-30m
    Network & Infrastructure

    Jansen now sees BT chasing 30 million premises with full-fibre


    Extra five million presented as ‘infill’ and presumably more rural. Immediate competitive riposte to news of Virgin Media O2 FTTP retrofit, which it neatly doubles. Jansen says BT not concerned, but challenger altnets should be. No rush for fibre JV partner, but Jansen reveals a UK compatriot would be ...

  • vfw199-tt-vfti-divests-infra-unit-inwit

    Vodafone 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.

  • tfw156-tt-vivo-fibrasil

    Vivo open to fibre M&A via new FiBrasil JV


    CEO Christian Gebara signals interest if the price and quality is right. Brazilian fibre market becoming increasingly competitive.

  • tfw156-tt-mike-fries-vm-02

    VM 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 ...

  • vfw199-tt-vantage-towers

    Vantage back in shop window as Vodafone builds revival


    M&A remains a lever to help Vodafone revive growth, says CEO Read. New Chairman van Boxmeer lighting a fire under Group strategy and ambition. Another chunk of Vantage could be sold off to “like-minded” partner. Hint made of some UK deal-making in pipeline. Egyptian and Spanish assets remain in ...

  • vfw199-tt-vivek-badrinath
    Network & Infrastructure

    Vantage Towers CEO dismisses bond proxy tag


    Vivek Badrinath enthuses about “exciting business model”. Sees scope for innovation and expansion through greater non-operator engagement. Always on the lookout for M&A opportunities, but existing markets take priority if going down consolidation route.

  • Elsewhere in Openreach: fibre rollout crosses Forth Road Bridge
    Strategy & Change

    Elsewhere in Openreach: fibre rollout crosses Forth Road Bridge


    Altice impact on Openreach future yet to be seen; full-fibre rollout crosses the Forth Road Bridge.

  • tfw154-tt-telxius-europe

    Telxius completes European tower sale


    Telefónica handed regulatory go-ahead for tower divestment, with German and Spanish sites handed to American Tower. Latin American portion to follow next year, pending approval. Submarine cables also up for grabs, with first bids reportedly received.

  • Gopalan puts Telekom on high fibre diet for FTTP gains
    Strategy & Change

    Gopalan puts Telekom on high fibre diet for FTTP gains


    FTTP opportunities and cost burden unsurprisingly top of agenda at Capital Markets Day. New TDE Chief Executive unveils multi-faceted plan to free cash and resource for pivotal mega-project. FibreCo JV, vendor rejig, and bigger capex pot among plans to fuel FTTP “acceleration”.

  • dtw105-tt-kingmaker-tower
    Network & Infrastructure

    DT ready to carve out “kingmaker” tower assets


    Deutsche Telekom wants to carve out “all” of its towers across Europe, says CFO Christian Illek. Change in mindset comes following rapid rise in TowerCo valuations. Czech and Slovakian footprint next to be assessed for extraction from NatCos.

  • Vantage may be set for new Cornerstone allies

    Vantage may be set for new Cornerstone allies


    Indications that O2 UK’s Cornerstone stake seen as non-strategic by prospective new co-parent Liberty Global, and could be jettisoned in name of post-merger “national champion” plan. Sale would raise cash for higher strategic ambition of fibre expansion. Liberty’s Fries shows willingness to get hands-on in refashioning VM–O2 post-merger. The ...

  • tfw152-tt-telxius-submarine

    Bids expected for Telxius subsea cables


    Telefónica debt reduction strategy set to extend to submarine infrastructure as buyers are sought for 100,000km cable network. Reports indicate that an agreement is wanted by mid-2021, with rough valuations standing around the €2bn mark.