All Citigroup articles
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Weekly BriefingsBTwatch Weekly: more B2B sell-off reports pose questions for future of Business
Latest from BT as B2B slim-down continues; minority owner DT sees emerging ‘options’ for 12% stake; and Openreach sets about Nokia Altiplano deployment…
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PeopleBT Peoplewatch: B2B shake-up continues
25+ senior and strategic movers across BT, including another set of newcomers to the Business leadership team; GenAI lead heads off; and EE’s chief marketer leaves for Nuuday…
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Strategy & ChangeBT Radianz is latest B2B unit to be put up for sale — report
Group reported to be looking for buyers for financial services unit in latest move to slim down, cut back.
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M&ABT takes another step towards Irish exit — report
Emergency call handling contract set to expire as BT reportedly readies for Ireland exit.
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Strategy & ChangeTower group SBA wants ‘visibility’ before voyaging into foggy Europe
Eurosceptic tower group plays down the prospect of any dealmaking to give it a regional presence, saying its M&A focus is on strengthening businesses within its existing footprint.
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M&ATelefónica, Asterion ‘gearing up’ to put data centre asset in play
Bidding for data centre operator reportedly set to begin “in the coming weeks”, shortly after firming up major capacity expansion agreement with hyperscalers.
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M&ABT revives Ireland sale talks as Kirkby picks up where Jansen left off — report
BT said to be considering BT Ireland sale as new CEO Allison Kirkby attempts what Philip Jansen could not. A sale would extend the asset-light strategy taken on at BT Business…
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M&ATelefónica ‘hits pause’ on Nabiax sale amid Microsoft talks
Sale of Spanish data centre JV with Asterion Industrial Partners reportedly delayed again until end of summer-2024, as refreshed hyperscaler cloud deal holds potential to boost valuation.
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PeopleDTCP Infra recruits Citi M&A specialist as MD
Aldo Cardoso departs from almost 13-year stint at Citi to serve as Managing Director at DTCP Infra.
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PremiumVodafone teams with Citi, CDP to drive down Scope 3 emissions
Operator partners with Citi Group to grant preferential financing rates to suppliers that score highly against environmental performance criteria. Vodafone also ties with NPO CDP to design framework to encourage suppliers to reduce their own carbon emissions. Move represents an attempt to accelerate reduction of Scope 3 emissions.
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Network & InfrastructureCiti said to be charged with Telefónica Spanish infra sale
Rumours continue to circulate around Telefónica’s fibre monetisation plans in Spain. Investment bank understood to have valued Spanish fibre infrastructure at €14bn. Sale speculation comes despite Telefónica classing its Spanish fibre infrastructure as a “strategic asset”. Report suggests Group is seeking resources to finance investments in 5G and digitisation. ...
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PremiumQ4 FY20: Shrinking Telxius focused on serving the core
Telefónica Infra’s biggest asset demonstrates worth ahead of its sale, while the remainder of the Telxius business is primped for a possible offload. Infra set to focus on development and management of fibre InfraCos to ease Group capital demands and accelerate fibre rollout, while serving the need of OBs. ...
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M&AVodafone Egypt sale inches forward
STC reportedly completes its due diligence. Potential deal still muddied by questions over 45% stake held by Telecom Egypt.
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PremiumTelefónica sets eyes on COVID restart; announcements across all markets: Telefónicawatch roundup June-July 2020
Telefónica joined Restarting Together COVID-19 recovery programme, absent from ETSI’s E4P scheme, and one of 53 large companies to take a Bank of England emergency loan. TIWS test LEO satellite; ElevenPaths gets AWS security certification. Announcements across Telefónica’s core markets include ongoing 5G/China drama in the UK; Brazilian network-sharing ...
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Strategy & ChangeTelefónica hits ground running with restructuring plans
Hispanoamérica expected to be put on a par with Partners Program operators as Group prepares for sale and encourages local independence. Latin American billionaires float a majority stake acquisition of local assets, with Telefónica a minority shareholder, but individual OB sales still a prospect. Morgan Stanley working on Telefónica ...