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…
This article includes:
- Themes: Fibre market; Fibre rollout; Fixed network; Greenfield territories; M&A opportunities; NetCo model; NetCo spinout; Network upgrade; Project Lightning; Sector consolidation; Strategic fundraise; Wireline joint ventures.
- Events: Netomnia fundraise; Telefónica strategy review; VM O2 NetCo stake sale pause; nexfibre build slowdown.
- People: Ángel Vilá; José María Álvarez-Pallete; Marc Murtra; Mike Fries.
- Geographic: United Kingdom (UK).
- Organisations: BlackRock; Canada Pension Plan Investment Board; CityFibre; Global Infrastructure Partners; InfraVia Capital; Liberty Global; Netomnia; Telefónica Group; Virgin Media O2 (VM O2); nexfibre.
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