From bitter critic to anchor investor: Xavier Niel replaces e& as Vodafone’s largest shareholder
In-depth: Audacious French telecoms tycoon snaps up e&’s stake in a €5bn transaction. Niel expresses confidence in strategic direction and ‘value creation potential’, just two years after expensively venting frustration at ‘mismanagement’…
This article includes:
- Themes: Activist investment; Board representation; Critical national infrastructure; Foreign direct investment; Mergers and acquisitions (M&A); National security and investment; Regulatory approval; Shareholder activism; Special purpose vehicle (SPV); Strategic minority shareholding; Takeover code; Telecoms consolidation; Telco investment strategy.
- People: Hatem Dowidar; Margherita Della Valle; Martin Ebner; Patrick Drahi; Shameel Joosub; Xavier Niel.
- Geographic: Africa; Benelux; Cyprus; Europe; France; Ireland; Italy; Kenya; Malta; Monaco; Poland; Romania; South Africa; Spain; Switzerland; Ukraine; United Kingdom (UK).
- Organisations: Altice; Bharti Airtel; BlackRock; BT Group; ByteDance; Digi; e& (formerly Etisalat); Iliad Group; Kima Ventures; Liberty Global; Millicom; NJJ Holding; Norges Bank; Orange; Patinex Group; Safaricom; Scaleway; Station F; Swisscom; Tele2; Three; Vega; Vodacom; Vodafone Group; VodafoneZiggo; Zegona Communications; Ziggo Group.
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