All TowerCos articles – Page 10
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PremiumDT Q4 FY21: Leadership of Europe? Done that, got the T-shirt
Another strong year of growth for Group, led by USA. As Sprint integration progresses, DT targets €10bn in free cash flow for current year. Unfortunate clash with Ukraine invasion dulls shareholder reaction. Executives stress openness and flexibility when it comes to a big TowerCo deal, but want full recognition ...
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Network & InfrastructureCellnex wins over BT and CMA to secure Hutchison UK tower merger
BT appeased by recent strengthening of its own Cellnex partnership. Cellnex to complete €10bn, six-country deal following approval of UK merger.
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M&AINWIT eyeing European towers for potential M&A
Vodafone and Telecom Italia TowerCo joint venture lays out framework for “financial flexibility”, enabling M&A when opportunities arise. CEO Giovanni Ferigo claims organic growth remains the focus, but admits interest in smaller European players. Capital allocated to enable inorganic options.
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PremiumVodafone New Zealand said to initiate tower spinout
Former Vodafone OpCo’s parents reported to have hired advisors to guide them through separation and monetisation. Move comes with regional tower market heating up. Both Spark and Vodafone NZ moot interest in infra-sharing.
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Financial & PerformanceVodafone: DT and Orange are ‘credible’ tower merger partners
Read confirms either of Vodafone’s big European rivals could end up being an ally as noise continues to increase around an “industrial merger” for Group’s Vantage Towers business.
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Network & InfrastructureVantage states ‘clear interest’ in Cornerstone buyout
Vodafone’s European TowerCo eyes opportunities in Netherlands and UK as partners Liberty and Telefónica look to cash in on wireless infrastructure assets. Strategic tie-up between Vantage and another MNO TowerCo also remains a possibility.
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Network & InfrastructureHöttges seeks to bring balance to future tower tie-up
Deutsche Telekom CEO seeks to lure tower partner with promise of hands-off approach to managing the business, allowing it to flourish “independently”. Picky operator unenthusiastic about approaches taken by rivals to tower extraction, including Vodafone’s Vantage Towers IPO earlier in the year.
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Strategy & ChangeElsewhere in Vodafone Partner Markets: Proximus launches regional fibre JV
Developments from around Vodafone’s soft-power network: Get-go for Proximus’s regional fibre JV; MTS firms up tower spin out ambitions; NZ operator parts company with Vodafone Group’s Tobi.
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Network & InfrastructureLiberty sees UK–Dutch tower separation “sooner than later”
CFO says group “not in love with” tower ownership and keen to unlock value. Virgin Media O2 and VodafoneZiggo assets in focus.
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Strategy & ChangeElsewhere in Vodafone Associates & JVs: Indus tidies IT up
Indus tidies IT up; India becomes potential early target for Vodafone’s sat venture with AST.
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Network & InfrastructureVodacom starts TowerCo separation sequence
Operator looking to install managing executive, and then fuller leadership team, to drive tower separation plans outlined in May. Plan to explore stake sale reiterated. Initial focus on biggest market South Africa.
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PremiumTelefónica finalises Telxius tower sale as infra deals flow
American Tower acquires last tranche of 31,000 Telxius towers for €7.7bn, with deal set to reduce Telefónica net debt by €4.6bn. Fibre InfraCos in Latin America ramp up, with KKR expanding its relationship with the Group. Digital businesses also restructuring with Telefónica Tech spreading its influence.
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M&ATPG puts feelers out for TowerCo deal
Australian JV conducting “preliminary market assessment” ahead of possible spin-off. Scope of monetisation would be limited by operator’s low level of site ownership. Competitors have already made moves.
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Suppliers & SCMGreek TowerCo ramps up tenancies with Sigfox deal
Sigfox taps Vantage’s Greek business for infra support in “nationwide” IoT deployment programme. Ten-year strategic agreement to increase mast tenancies by more than 250 over next three financial years.
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Network & InfrastructureVantage Towers CEO dismisses bond proxy tag
Vivek Badrinath enthuses about “exciting business model”. Sees scope for innovation and expansion through greater non-operator engagement. Always on the lookout for M&A opportunities, but existing markets take priority if going down consolidation route.
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PremiumVodafone reels in €2.3bn from Vantage Towers IPO
Proceeds to pay down Group debt. IPO share price holds steady on the Frankfurt Stock Exchange.
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PremiumDT eyes new tower markets amid domestic hurdles
TowerCo downgrades site-rollout target in Germany. Jacobfeuerborn, Illek hint at domestic M&A, expansion abroad. Group prowl for investor partners through DIV fund set up in collaboration with Cellnex. Deutsche Telekom wraps up Austrian tower spinout, adding another building-block added to multi-layered platform Group is building in European tower space. ...
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M&AVantage Towers buys out partner in Greek TowerCo
Vodafone TowerCo signals its independence with first acquisition since its IPO in Frankfurt. Vodafone Greece and Wind Hellas to remain anchor tenants of Greek TowerCo. Rival OTE bides its time.
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Network & InfrastructureDeutsche Telekom waiting in wings for TowerCo expansion
CFO Illek wants to see how Vantage Towers IPO pans out before making any big moves On prowl for investor partners through Digital Infrastructure Vehicle set up in collaboration with Cellnex. Flags Deutsche Funkturm’s “good price” and M&A possibilities. Selling tower assets to make a quick euro, à ...
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Network & InfrastructureDeutsche Telekom wraps up Austrian tower spinout
Another building-block added to multi-layered platform Group is bringing together in European tower space.