All Towers articles – Page 14
-
Network & InfrastructureVodafone bulks up Vantage Towers with Cornerstone
Vodafone UK and Telefónica UK give each other freedom to “commercialise” their 50% stakes in Cornerstone JV. Transfer of Vodafone’s shareholding to Vantage Towers to take place within weeks. Important (and long-awaited) addition to Vodafone’s European TowerCo ahead of upcoming IPO.
-
Network & InfrastructureINWIT ties up loose ownership end
Telecom Italia sells remaining direct stake in TowerCo, co-controlled with Vodafone, to Canson Capital Partners.
-
PremiumElsewhere in Vodafone's Associates and JVs: Vi joins techco targets
Vi toes the techco line; Zain not intent on gate-crashing Vodafone Egypt sale.
-
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.
-
M&AVi cashes in from Indus Towers–Infratel merger
Vodafone’s loss-making JV in India gets a much-needed cash boost from sale of Indus stake. Vi reportedly in talks with private equity investors to raise more funds.
-
Network & InfrastructureOrange 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.
-
Network & InfrastructureVodafone 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.
-
Network & InfrastructureLowth downplays tower monetisation benefits
BT is continuing to buck the trend of creating TowerCos as it continues to value control over infrastructure assets.
-
PremiumIndus Towers–Infratel merger finally moves forward
Rejigged agreement offers a safety net for TowerCo amid ongoing questions over Vi’s future.
-
M&AMBNL’s future up in air as Three ponders mast sale
Both MBNL and Cornerstone, UK MNOs’ two tower joint ventures, appear on the verge of an ownership revamp. Three exit could tie with moves by CK Hutchison to establish a separate TowerCo.
-
Network & InfrastructureT-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.
-
Strategy & ChangeElsewhere in Vodafone's Associates & JVs: Vi confirms Indus Tower merger is back on
Dutch cable switchover resumes; Subex gains a role in Vi’s IT consolidation.
-
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.
-
PremiumInfratel–Indus Towers merger remains in limbo
Deal, agreed more than two years ago, continues to be clouded in uncertainty. Latest delay likely related to uncertainty over Vodafone Idea’s payment of AGR dues. Bharti Infratel chairman confident of favourable ruling from Supreme Court, and that Vodafone will “definitely stay” in India.
-
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.
-
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.
-
PremiumVodafone people moves: European towercos get new leadership
Three new managing directors at European infrastructure spin-offs in Germany, Ireland, and Spain. VfUK CEO Nick Jeffery joins COVID-19 Recovery Commission. Vodacom and Safaricom find temporary replacements for outgoing execs.
-
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.
-
PremiumVodafone Idea gets new VP Strategy, Vodafone Towers Europe builds up
Vodafone associates and joint ventures people movements. Vodafone Towers Europe continues to take shape.
-
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.