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      Deutsche Telekomwatch Analyst Report #150 - December 2025
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Latest Strategy News

btw371-briefing 2

BTwatch: pulling back stateside to sharpen B2B focus

2026-01-08T13:16:00+00:00

Analyst Briefing: the Group’s overseas B2B rethink claims another victim as BT Federal gets sold off; a wave of senior leadership shifts to close out 2025; and BT reflects on MPN successes, looks forward to quantum’s move from theory to reality, and tees up XGS-PON testing for next-gen networks…

infra-g network

London fibre shake-up: ‘aggressive’ ex Macquarie investors swoop on distressed G.Network

2026-01-07T17:28:00+00:00

In-depth: £500m later, lender patience exhausted, and investors sidestepped — London altnet falls into hands of FitzWalter. As ‘ruthless’ distressed asset specialist swoops on unloved fibre builder, TelcoTitans considers whether bold move signals long-awaited reality check for UK fibre valuations and consolidation… 

btw371_tscti-sale

Federal becomes latest unit to go in BT’s international retreat

2026-01-07T17:25:00+00:00

The Group continues CEO Allison Kirkby’s business-to-business rationalisation push by offloading US government contracting subsidiary, but touts plans to retain a “strong presence” in the country.

See all the latest telco strategy news >>

Strategy & Change

infra-inca netomnia mvno

UK’s Netomnia targets ISP giants with YouMobile MVNO

Fibre altnet and wannabe convergence player set to launch mobile by the end of the year, piggybacking on the VodafoneThree network. CFO Wil Wadsworth and CEO Jeremy Chelot have sights set on the UK’s FMC establishment…

  • Telefónica doing the maths on 1&1 tie-up: report

  • Unions want input into Telefónica’s strategic reorg

  • From upstart to fibre-mobile powerhouse: Netomnia CEO plots BT take-down

  • Grain skewers wholesale model as altnets ponder consolidation

See all strategy news >>

Financial & Performance

dtw149_q3-fy25-mu-indepth

In-depth: German headwinds grab the headlines

Q3 FY25: T-Mobile US, Europe, and T-Systems continue to perform strongly, but German slowdown yet to be addressed.

  • Guidance: jitters fail to jolt

  • Guidance: H1 pace allows for H2 slowdown as Vodafone moves into cleaner air

  • Spend: capex down, opex up as Vodafone reaches ‘appropriate’ scale

  • In-depth: defiant Vodafone CEO eyes European rebound

See all financial news >>

Deals & M&A

vfw243-swisscom integration latest

Swisscom completes Vodafone Italy integration, network and IT up next

Vodafone Italy now formally subsumed into Swisscom’s Italian business Fastweb, a year after the acquisition was completed.

  • EMEA Infrawatch: satcos shuttle forward with expansion; tower buys trickle in

  • Spain’s Indra completes Hispasat buy, steps up billion-euro space mission

  • SoftBank puts oomph into AI mega-plan with DigitalBridge deal

  • Phoenix seeks lift with French tower bolt-on

See all deals and M&A news >>

Public Affairs

vfw242-tt-emeaiw_maziv-completionxdietlof-mare

Vodacom clears final hurdle to get Maziv fibre JV over the line

South African telecoms authority greenlights the creation of Vodacom’s fibre joint venture with CIVH. Having overcome the final obstacle on Maziv’s journey to launch, CEO Dietlof Mare is aiming to have the business “operating at full speed” by April 2026…

  • UK telcos to face mass lawsuit over alleged overcharging

  • Clearing the Eir: Irish operators criticise ‘excessively lax’ access rules

  • India considers Vi reprieve to promote UK trade, foster relations — report

  • Telefónica said to mull Spain job cuts ahead of Murtra’s strategy reset

See all public affairs news >>

Operations

dtw143-tt-magenta-exchange

Magenta Exchange: T-Mobile and DT seek to dial up exec connections

Telcos’ HR chiefs Birgit Bohle and Deeanne King devise plan to bring US and European sides of Deutsche Telekom’s business closer together.

  • 25 years in the making: Celfocus primed for telco AI era

  • BT electrifies fleet, charges on with EV infra transition

  • Vivo strikes deal in Brazil’s fixed-line regulatory reform

  • Magyar Telekom boosts DT’s European IT stack meld

See all operations news >>

Venturing & Investments

ukiw_equinix-dc-investment

Equinix ploughs £3.9bn into UK data centre build

International data centre operator acquires work-in-progress Hertfordshire site, with plans to develop more than 250MW of IT capacity in the future. Equinix’s move is the latest multibillion-pound investment in UK data centres, with several others seen in recent years…

  • Impact investor STOA fuels Atlas Tower’s Kenyan expansion plans

  • T.Capital adds n8n to growing AI investment portfolio

  • DT’s venture capital unit backs security player Filigran

  • DT adds security and AI scaleups to investment stable

See all venturing news >>

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