Telefónica Deals & M&A – Page 9
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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.
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PeopleSchüler coronated as VM-O2 CEO
Lutz Schüler, dynamic Virgin Media chief, with a track record at O2 Germany, is to lead the new VM-O2 joint venture, subject to competition clearance. O2 CFO and experienced merger overseer Patricia Cobian to take on the JV finance role. No room for O2 CEO Mark Evans.
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M&ATelefónica’s Cerdán has more M&A deals up sleeve
Medium-scale buyouts remain on radar for Telefónica Tech CEO. Bold talk on deal-making forming route to growth goals. Reported souring of Govertis transaction hasn’t put Telefónica off.
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M&AMiNODES brought in house as Telefónica NEXT shuts up shop
Data analytics acquisition MiNODES brought closer to O2’s core business. Telefónica NEXT now fully disbanded, with Germany Business Sales in its place.
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M&ATelefónica to swap more data centres for Nabiax stake
Four data centres are said to be on the table, with a 20%-stake in Asterion subsidiary Nabiax the price. Nabiax-Telefónica JV reportedly in the pipeline to manage the estate.
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Network & InfrastructureVirgin Media preps Lightning for post-JV world
Liberty Global confident of JV clearance, and anticipates Telefónica talks on ambitious and aggressive fixed-line rollout. Liberty’s Sky relationship appears key, with prospects for collaboration heightened by a friendly face at the helm. Meanwhile, Virgin Media appears to be finally embracing PIA from Openreach for cheaper fibre rollout.
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M&AOi firms up mobile deal, Vivo reinforces its market lead
Oi finalises mobile asset sale to three-strong consortium of Claro, TIM Brasil, and Vivo. Oi CFO: regulatory approval expected within the year. Trifecta of assets now divested by in-administration Oi as it seeks route to recovery via fibre.
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PremiumTelefónica agrees to monetise Cornerstone
Telefónica UK and Vodafone UK give each other freedom to “commercialise” their 50% stakes in Cornerstone JV. Uncertain how Group’s top brass will proceed, but partial or full sale seems likely.
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PremiumElsewhere in Telefónica’s Core Markets: O2 commits to roaming
Regulation relaxed in Spain. O2 commits to roaming. Vivo signs renewables deal.
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M&AWholesale power under scrutiny as CMA reviews VM-O2
Proposed JV’s ability to tilt backhaul market in its favour and limit opportunities for MVNOs will be central to competition review. The impact of the deal on the development of providers offering fixed-mobile bundles will receive particular scrutiny. CMA wields new powers post-Brexit, but this is accompanied by greater ...
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M&ATelefónica sells infra biz to American Tower
Telxius finds a home at US infrastructure giant. Transaction expected to wipe €4.6bn off Telefónica net debt.
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M&ATelefónica seeks suitor with Chile exit in pipeline
Speculative report suggests Group is ready to relinquish interest in a key pillar of its Hispam unit as monetisation plans evolve. Liberty flagged as front runner, although may face regulatory challenges, and other runners and riders not ruled out.