Deals & M&A – Page 28
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M&AClaro joins Telefónica and TIM in Oi bid
América Móvil joins the cavalry as stalking horse bidders ride in with plans to divvy up Oi’s mobile base, bringing consolidation to the Brazilian market.
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PremiumTMUS and Dish set aside differences (for now)
Ergen shows TMUS he will not be easy to deal with.
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M&ABT Global finalises French offload to Computacenter
Asset-light playbook repeated. BT to continue serving MNCs and retain local SoC.
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M&AVHA starts new slate as TPG Telecom
Berroeta keeps CEO role post-merger; Teoh watches on closely as non-executive Chairman. Mobile and fixed network “synergies” a priority. Vodafone brand sits alongside slew of TPG sub-brands.
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M&AVodafone Egypt sale hit by further delay
stc seeks two more months, with due-diligence and funding in the frame. Telecom Egypt remains thornily enigmatic.
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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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M&AEU: Vestager nod set to prompt regional consolidation race
Vestager distracts from four-to-three merger demands by highlighting potential for creation of pan-European big beasts. But is this feasible in any imminent iteration of Europe, beyond cross-border infrastructure ventures envisaged by Orange?
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M&AMzimba: Vodacom remains on lookout for B2B buys
South African group still on hunt for venturing possibilities; aims to become “end-to-end digital transformation partner”.
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M&AFries on VM-O2 merger: don’t mention the tax breaks
Liberty Global anticipates substantial opportunities for savings by injecting Virgin Media tax losses into O2, but Fries wary that such behaviour may not chime with goal of creating new UK “national champion”.
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M&AVodafoneZiggo-Telenet merger has ‘logic’, says Liberty
Vodafone’s co-parent in Netherlands JV notes potential synergy benefits of a Belgian-Dutch cableco combination, but indicates deal would be more complex than it first appears.
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M&ATelefónica wraps up Atresmedia content JV
New joint venture Buendía Estudios is to be 50% owned by each partner.
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M&ASlovak Telekom exits Zoznam portal
Wholly owned subsidiary Zoznam will be sold to its current CEO Martin Mác “in the coming weeks” as ST focuses on new tech challenges.
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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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M&AMásMóvil equity deal may spark Spanish consolidation
The private equity acquisition of Spain’s number four operator may see a short-term spike in competition, but could ultimately lead to consolidation, easing pressure on Telefónica and Vodafone. Opportunities could emerge for Telxius to pick up MásMóvil masts in the aftermath.
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M&ABT exits Saudi JV
30-year relationship trimmed back as part of BT’s broader global operations revamp. Transformation process also sees closure of branch in Abu Dhabi.
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PeopleCan new Chairman bring back Vodafone’s bottle?
Coming straight from a 15-year CEO tenure, new Chairman does not look likely to be a back seat driver. Lack of a telco legacy appears significant, with Vodafone seeking to diversify products and more closely connect with individual customers. Growth-oriented M&A record suggests brief is not to dismantle Group. ...
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M&AEU court ruling could revive network consolidation
Commission found to have been wrong to block O2–Three merger, based on commitment to upholding four-player mobile markets in larger countries. While not yet final, the court’s decision may fire the starting pistol for a renewed wave of consolidation among telcos struggling to manage competition. Commissioner Vestager side-steps comment ...
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M&ATIM enters talks on INWIT sell-down
TIM wastes no time kick-starting efforts to dilute its fledgling tower relationship with Vodafone. Telco enters negotiating tunnel with group of infrastructure investors.
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M&ABT denies Openreach stake sale
FT report sparks speculation on the future of BT’s access services business as Group market cap hits lows, and worries persist on the funding of fibre rollout plans. BT declined to comment officially but senior management vehemently denied the accuracy of the report in internal comments and on ...
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M&ACelfocus sees opportunities to expand Vodafone account, post-sale
Former JV positive on go-to-market synergies, following full amalgamation with parent Novabase.