Telefónica Deals & M&A – Page 11
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PremiumVM 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 ...
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M&ATelefónica Tech preps for part-sale
Long-mooted divestment plan appears close to initiation, with reports indicating private equity interest. Division not the big-hitter it once claimed to become, but hoping to draw punters through M&A and partnerships. Downsized ambition and reset scope remind of last decade’s Telefónica Digital, where grand ambition faded away.
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M&AIn detail: Liberty and Telefónica’s VM-O2 pre-nup
Three-year wait expected before a potential IPO of new joint venture, while both parties expected to remain involved in the business for at least five years. Telefónica reserving its right to go it alone in UK on IoT, cloud, and cybersecurity services. Liberty to get a board presence at ...
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Strategy & ChangeMovistar reboots investment unit for expansion
Telefónica’s audio-visual management company Contenidos has been repurposed as Telefónica España Filiales. New unit takes on a broader remit in apparent bid to grow its portfolio, moving away from multimedia focus. Holdings mapped out, with some recent changes.
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M&ATelxius 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.
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Public AffairsNational court backs Telefónica over Canal+ deal
Audiencia Nacional rejects claims made by Vodafone Spain and others that 2015 DTS acquisition impedes competition. Expresses confidence in regulator CMMC to monitor pay TV market.
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PremiumGreen light for Telefónica Costa Rica exit ‘take two’
Liberty Latin America purchase secures regulatory approval. Telefónica’s drawn-out Centroamérica exit takes another small step forward.
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M&ATelefónica Colombia dials up DIRECTV buyout
DIRECTV internet services customer base and spectrum to be acquired under agreement, pending regulatory approval. Deal indicates “commitment” to Colombia despite rumblings of an exit, says CEO Hernández.
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M&AVM-O2 sets sights on BT as merger gets final clearance
CMA’s final approval should see deal completed by 1 June. Owners trumpeting investment opportunities with fibre InfraCo potential coming to the fore.
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M&ATelefónica seeks buyers for logistics unit Zeleris — report
Telefónica España distribution and logistics subsidiary reportedly on the market with a €100m price tag. EY on board to push for a sale as divestment strategy continues across the Group.
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M&ACADE makes Vivo wait for share of Oi’s mobile assets
Industry watchdog still inspecting ins and outs of Oi divestment. Closure now expected in early-2022. Consortium partners still confident of being granted go-ahead.
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M&ASuitor emerges for Telefónica Uruguay
Grupo Olmos, Argentinian healthcare, insurance, and media conglomerate, formalises intention to enter negotiations for the OB. Former Telefónica Espana CEO Gipérez appointed to “lead” acquisition project.
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M&ATelefónica offloads DCs to Nabiax
Operator exchanges DCs for minority holding in Nabiax. Long-term housing services agreement established. Deal mooted to worth around €100m.
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Partnerships & AlliancesProsegur wants to take Telefónica JV international
Overlapping LatAm markets being eyed for expanded partnership between Telefónica and connected security partner Prosegur. Movistar Prosegur Alarmas JV said to be maintaining growth in Spain, despite lockdown.
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Strategy & ChangeCornerstone exit could be early item on VM-O2 agenda
Indications made that prospective JV’s Cornerstone stake seen as non-strategic, and could be jettisoned in name of “national champion” Grand Plan. Sale would raise cash for higher strategic ambition of fibre expansion. Liberty “gearing up” for talks with partners to team up on Gigabit rollout. Fries showing willingness to ...
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PeopleTelefónica, Liberty lay out leadership for merged VM-O2
Telefónica and Virgin Media execs share the spoils 50:50 at the new venture, which is still pending regulatory approval. Jo Bertram and Gareth Turpin among the O2 names to get a seat, with Telefónica Argentina’s de Meo brought in as CIO. No room for O2’s HR guru Catherine Leaver, ...
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Strategy & ChangeElsewhere in Telefónica Group: Wayra launches Munich lab
Innovation hothouse creates German 5G campus; Prisa reshuffle continues; MÁSMÓVIL deal hits Telefónica shares.
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Strategy & ChangeElsewhere in Telefónica Core Markets: E-Plus review closed
EC ends E-Plus review; German 5G rollout builds; UK taskforce plans for supplier diversity.
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M&ACMA doubts bundle demand as it greenlights VM-O2
Provisional clearance of merger based on limited ability of the partners to manipulate wholesale pricing and services in their favour. Creation of a new fixed-mobile giant not expected to unleash a sudden surge towards single-contract multi-play bundles in the UK market.
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M&ABids 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.