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      BTwatch Report #364 - May 2025
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Latest Strategy News

vfw237-tt-vodafoneziggo towers

Liberty and Vodafone ‘aligned’ on Dutch towers sale — Fries

2025-06-13T13:56:00+01:00

Liberty Global CEO Mike Fries suggests a sale of VodafoneZiggo’s tower assets is moving forward, with an appointment made to lead the process and co-parent Vodafone onboard.

vfw237-tt-vodafonethree launch

VodafoneThree seeks ‘convergence opportunity’ with FWA plan, fibre altnet deal

2025-06-12T13:38:00+01:00

Newly combined UK mobile giant sees promise in fixed, too, signing Community Fibre agreement to reach a total of 22.5 million FTTP premises. VodafoneThree expects the fixed broadband base to double, while Community Fibre “optimistic” about industry-leading take-up rates…

btw365-tt-peoplewatch

BT Peoplewatch: Bas Burger names his BT International lieutenants

2025-06-11T13:41:00+01:00

40+ senior and strategic changes across the group, including an all-new BT International top-team under Burger’s leadership; changes at Jon James’ Business branch; a HR return for Alison Wilcox; CFO swaps at Digital and Networks; more…

See all the latest telco strategy news >>

Strategy & Change

tfw192-tt-liberty-Q1FY25

VM O2 slams brakes on NetCo fundraise amidst Telefónica strategy hiatus (nexfibre curtailed, too)

Plans to sell stake in NetCo spinout paused, as co-parent Liberty looks to “align” with partner Telefónica’s new management. nexfibre build also dramatically slowed to maintain “capital discipline” in UK’s “increasingly irrational” fibre market. Meanwhile, Netomnia raises new funds, ups target by another two millions homes…

  • Fresh from owner rejig, Onivia banks on open access to fill Spain’s rural fibre gap

  • BT Business CTO on nailing telco’s complex TaaP dance

  • Vodafone–Three MergeCo looking to TV for convergence boost — report

  • Telefónica’s Murtra wants to ‘go big’ after cementing exec chair job

See all strategy news >>

Financial & Performance

vfw237-tt-fy25 mgmt update

Vodafone FY24–25: Della Valle’s to-do list isn’t shrinking

Vodafone CEO Margherita Della Valle offers candid summary of the group’s FY, but appears broadly satisfied with progress thus far and remains optimistic about prospects to the end of the decade. Claims of an imminent reversal in Germany; UK merger complete; and an improved revenue mix across the group are among the drivers…

  • Vodafone FY24–25 guidance: group ‘insulated’ against macro aggro

  • Vodafone FY24–25 spend: investment on the rise

  • Vodafone FY24–25 in-depth: another challenging year en route to German revival

  • TalkTalk late to pay broadband suppliers amidst financial woes — report

See all financial news >>

Deals & M&A

emeaiw-tt-briefing-250612

EMEA Infrawatch Briefing: fixed infra rejigs; DC money keeps flowing

Latest on EMEA digital infra: major investments in data centre expansion seen across the region; Spanish telcos continue work on creating new fibrecos after major M&A last year; Vodafone diversifies build partners at German fibre JV after Geodesia ”issues“…

  • BT said to explore TalkTalk takeover to fend off further customer losses

  • Telefónica, MásOrange said to explore Vodafone Spain slice-up

  • Telefónica, Vodafone Spain ‘nearing finish line’ on fibre JV stake sale

  • T-Mobile US fires up fibre broadband offers

See all deals and M&A news >>

Public Affairs

infra-tt-strategic defence review

UK calls on Navy to protect subsea critical infrastructure

UK government wants military to take a bigger role in protecting critical national infrastructure, especially subsea cables, as part of new defence strategy that encourages deeper public-private cooperation for national resilience.

  • Vodafone’s £120m legal battle with franchisees reaches High Court

  • Telefónica ‘mulling further job cuts’ in hunt for efficiencies

  • UK’s AI Growth Zone strategy — fit for purpose?

  • EWE Tel sues German regulator over spectrum extension ‘obligation’

See all public affairs news >>

Operations

btw364-tt-better workplace

Better Workplace: BT closes out five-year real estate overhaul programme

Group closes the Better Workplace book, with Manchester’s newest office redevelopment the final chapter.

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

  • 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

See all operations news >>

Venturing & Investments

dtw145-tt-dtcp pinegrove

DTCP eases liquidity crunch with Pinegrove $80m ‘continuation vehicle’

Digital Transformation Capital Partners can now free up cash sooner for investors, including Deutsche Telekom, thanks to $80m injection by Brookfield-backed special situation investor Pinegrove.

  • Safaricom preps $500m investment into African ‘AI infra’

  • Actis looks for emerging infra opportunities after closing $1.7bn fund

  • DTCP joins space race with investment in US rocket maker

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See all venturing news >>

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