Infra Investors, Finance & M&A – Page 16
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Network & InfrastructureVantage in ‘smart-site’ tech update to evade energy risk
Project comes in response to need for more detailed power billing to key clients, including Vodafone.
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Network & InfrastructurePrivate equity firms make joint bid for Deutsche Funkturm
KKR-led consortium reportedly submits binding offer for controlling stake in Deutsche Telekom’s German towers business.
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Strategy & ChangeLiberty exec predicts ‘end of an era’ for altnet funding
Chief Development Officer Andrea Salvato warns altnets of rocky macro period, set to shake up challenger funding.
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Network & InfrastructureDeutsche Funkturm rumours continue as bidding enters second phase
Unnamed sources parade panoply of Deutsche Telekom monetisation options for German towers business, apparently valued at around €20bn (including debt).
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Strategy & ChangeTowerCo agenda in “final stages” as Vodacom targets power resilience
Inter-operator synergies and power supply assurance the top priorities for upcoming TowerCo.
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M&ATelefónica receives bids for minority stake in Spanish rural FibreCo
Spanish media suggests either 45% or 49% is up for grabs.
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Network & InfrastructureDeutsche Telekom’s new JV secures fibre funding
GlasfaserPlus wraps up a €2bn+ lending facility to help get its Gigabit roll out programme up and running.
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M&ATPG sells towers to Canadian pension fund
CEO Berroeta claims balance sheet boost is “strong outcome” for shareholders. Enterprise value set at AU$ 950m. After transaction costs and tax, TPG will bank a more modest sum of between AU$ 350m and AU$ 400m. Transaction includes 20-year master services agreement.
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OperationsIndus seeks to move on from “nail-biting” Vi crisis
Indian tower giant sees “discomfiting” client payment worries subsiding
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M&ATelefónica wants €1bn for 49% stake in Spanish rural FibreCo
Group issues sales prospectus for new fibre JV. “Host of possible interested parties”, according to Spanish media outlets, with winner to be decided by the end of the year.
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PremiumTIM accepts Ardian bid for INWIT stake
Italian operator to sell majority of its stake in towers venture to private equity firm.
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M&ADT hoping for speedy resolution amid ‘multiple’ tower bids
Future of Deutsche Funkturm to be determined following bids from various parties, with American Tower, Cellnex, KKR, and Vantage Towers all named. DT apparently keen to seal a deal sooner rather than later. Despite previous intent to complete full sale, minority option remains “attractive”.
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PremiumElsewhere in Vodafone Group: Vantage Towers investment rumours
Towers deal talk still bubbling away; VGE taps Comms Group for communications tools.
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Network & InfrastructureTelefónica puts price on Spanish FibreCo — reports
Group appoints AZ Capital and BBVA to support stake sale in rural fibre business. Pension and private equity funds among prospective buyers.
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M&AKKR reiterates Telecom Italia interest
Private equity giant said to have made fresh request to begin due diligence. Follows €10.8bn made in November 2021. TI remains hopeful of its own revival plan via Open Fiber merger.
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Network & InfrastructureLiberty Global’s Fries hints at UK fibre consolidation
CEO outlines plan to create a separate ‘light NatCo’ for new fibre JV. Liberty Global and Vodafone at inflection point over VodafoneZiggo. Despite fibre plans, Fries says HFC technology will be around for a long time yet.
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OperationsDeutsche Telekom puts tower business up for sale
Group said to be prepping auction of 40,600 masts with an €18 billion price tag attached. Cellnex and American Tower reportedly putting together offers.
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M&AVodafone in talks with investors on 21% Indus stake
Group to participate in Vi’s planned capital raise. Vodafone agrees to sell 4.7% Indus stake to Bharti Airtel. Vi troubles have increased ‘trade receivables’ at Indus over several quarters.
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M&APrivate equity fund offers to buy TIM’s INWIT stake
Telecom Italia looks set to further slim its interest in its towers JV with Vodafone. French fund Ardian leads the consortium of prospective buyers, with a majority share of TIM’s 15.4% stake on the table.
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Venturing & InvestmentsRevealed: DT’s fibre linkup with ex-Deutsche Glasfaser bosses
Group investment arm DTCP takes large minority stake in startup Fiber Experts Deutschland. Venture sees DT link up with former Deutsche Glasfaser execs Uwe Nickl and Dr. Stephan Zimmermann. Ex-DT executive Wolfgang Kniese involved in venture’s management.