TowerCos – Page 15
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M&ACellnex open to Telxius grab
TowerCo CEO cheerfully talks up prospect of acquiring stake in Group’s infrastructure business. Idea of Telefónica-Cellnex tie mooted previously — and never totally quashed. Telefónica’s weakening debt profile may prompt inorganic action around infrastructure.
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Network & InfraOrange CEO open to pan-European TowerCo idea
Stéphane Richard sees “interesting opportunity” in possible tie-up with Deutsche Telekom or Vodafone. CEO wants to do “something smarter” with tower assets than selling masts to accumulator Cellnex.
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Network & InfraVodafone Hungary spins out its tower operation
New Hungary TowerCo mirrors recent moves across European businesses. Another foundation stone laid for Vodafone’s Vantage Towers float. Gergő Budai takes CEO spot.
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Network & InfraLowth downplays tower monetisation benefits
BT is continuing to buck the trend of creating TowerCos as it continues to value control over infrastructure assets.
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Network & InfraT-Mobile US ups 5G pace with tower deal
Deal agreed after exchange of words over pace of 5G network buildout. Agreement worth $17bn over 15 years.
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Strategy & ChangeHeathrow operator Ferrovial has 5G on radar
Emerging tower and private network ambitions look to set up the Spanish group as a rival and/or partner of operators and their infrastructure arms.
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Network & InfraVodafone pushes ahead with tower IPO
Vodafone has invited pitches for an IPO of its European towers, to be listed by 2021. €10bn–€20bn valuation, with €2bn+ targeted for minority stake.
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Network & InfraVodafone sets up new Czech TowerCo
Creation of new business is latest move in Vodafone’s M&A and business improvement plan for European sites.
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Network & InfraDeutsche Telekom rethinks German tower expansion plan
2,000 per year add-on ambition “too optimistic” in current circumstances.
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Network & InfraMagenta Telekom quietly sets up own TowerCo
Group coy on plans but move opens up partnership and monetisation opportunities.
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Strategy & ChangeVodafone spins off Irish towers
Vodafone establishes new Irish tower business, indiciating a divergence from VfIr’s main structure. Move a part of broader infrastructure recalibration.