Telefónica ‘green-lit’ for Vodafone Spain feeding-frenzy
Following Zegona’s spectacular 350% financial gains from Vodafone Spain buyout in just 15 months, muscling-up Telefónica has apparently been cleared to bid for assets, signalling a market-shaking break-up that could set a new precedent for European consolidation. Vodafone again left pondering ‘what could have been…’
This article includes:
- Themes: Asset stripping; Capital raise; Consolidation; Corporate governance; Debt refinancing; Fibre monetisation; Financial engineering; Fundraising; Industrial policy; Market share; Merger and acquisition (M&A); National security; Regulatory approval; Restructuring; Strategic pivot.
- People: José María Álvarez-Pallete; Marc Murtra.
- Geographic: Europe; European Union (EU); France; Germany; Japan; Spain; United Kingdom, USA.
- Organisations: Altice; American Tower (ATC); Cellnex; CK Hutchison; CriteriaCaixa; Deutsche Telekom (DT); Digi Communications; European Commission (EC); Liberty Global; MásOrange; Ono; Orange Group; Phoenix Tower (PTI); SEPI; SFR; SoftBank; stc; T-Mobile US; Telefónica Group; Telefónica España; UPC; Vantage Towers; Verizon Wireless; Virgin Media O2; Vodafone Group; Vodafone Spain; Zegona.
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