TowerCos – Page 20
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Partnerships & AlliancesOTE hums and haws over Greek rivals’ new tower JV
Group prevaricates about throwing its lot in with Vantage Towers Greece, the new JV between Vodafone Greece and Wind Hellas.
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Strategy & ChangeItaly’s INWIT: we’re Mercedes of tower race
CEO sees refresh of INWIT’s internal operations, instigated following meld of Vodafone Italy towers, as basis for industry leadership and stepping stone to expansion into new markets.
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Network & InfrastructureCellnex swerves Telxius questions as it builds war chest
Robustly growing tower company with €11bn burning a hole in its pocket. Linked to an investment in Telefónica’s “magnificent” infrastructure division. Cellnex management say keen on operational control over investments.
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Network & InfrastructureVodafone 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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M&ATelefónica Deutschland confirms tower switch
German operating business to transfer 10,100 sites to Telxius for €1.5bn. Transaction to reduce Telefónica’s net debt by €500m between 2020 and 2021, but won’t slow down its accelerated capex drive. Telxius portfolio has doubled since 2016.
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Network & InfrastructureVodafone 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 & InfrastructureDeutsche Telekom rethinks German tower expansion plan
2,000 per year add-on ambition “too optimistic” in current circumstances.
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Network & InfrastructureMagenta 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.