Investors & Finance – Page 7
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M&A
Virgin Media O2 has ‘six or seven’ UK altnets on M&A radar
Operator looking at several altnets as acquisition targets, says parent Liberty’s CEO Mike Fries, who predicts UK will end up with “just two networks”.
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M&A
‘Pragmatic’ Cellnex open to full exits to boost debt repayment drive
Spanish group’s exit from private networks business could be followed up by more deals, to boost programme of financial strengthening.
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Financial & Performance
Soggier MNO spending dampens INWIT sales outlook
Italian TowerCo flags weak fixed wireless access demand and lower discretionary spend in an otherwise solid third quarter performance.
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Network & Infrastructure
OTE digs in on fibre build amid competitive and operational headwinds
Greek incumbent’s FTTH rollout programme progressing “steadily”, as run rate nears level required to meet headline three million homes passed target. Read more on key takeaways from Q3 FY23, incl. performance, competitive intensity, disruption from fires and floods…
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Network & Infrastructure
nexfibre reiterates wholesale fibre ambitions, shares UK-wide build plans
VM O2 wholesale fibre cousin discloses 2024 footprint pipeline; confirms more than half a million premises RFS in year-one. Wholesale remains firmly on agenda, with M&A also on table…
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Strategy & Change
DigitalBridge open to ‘surgical’ fibre buys as deal prices drop
Infra investment giant has long been lukewarm on M&A opportunities in residential Gigabit market but now appears more open, thanks to reduced asking prices for equity.
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M&A
Helios keeps M&A plans on ice, despite sunny outlook
Middle East and Africa tower group to remain disciplined on deal-making, despite being ahead of the game on leverage reduction and growth.
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Network & Infrastructure
nexfibre maintains M&A appetite after Upp buy
Mike Fries, CEO of joint venture’s co-parent Liberty Global says fibre builder still “aggressively” focused on M&A.
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Strategy & Change
American Tower’s departing CEO talks up 5G, data centres, and AI
Tom Bartlett signs off on 14-year stint at US infra giant, arguing it is positioned favourably to handle rising AI and data demands as it scales its global digital infrastructure.
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M&A
VM O2 in exclusive talks to shed Cornerstone stake morsel — report
Price looks low, albeit for a minority stake, but sellers may be playing control premium long game with likes of Vantage Towers.
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Strategy & Change
UK Infrastructure Bank keeps watch on ‘stretched’ fibre space
Digital remains a sector of focus for new, state-owned investment house, attracting four more deals and more than £500m of commitments during its last fiscal year.
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Venturing & Investments
Pressured infra group Digital 9 to exit Icelandic business
Group’s disquieted shareholders compel management to speed up and expand asset sales in order to cut leverage and raise funds.
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Strategy & Change
Orange not in a hurry for Polish tower spin-off
Orange Poland CFO Jacek Kunicki says tower separation is not a priority, despite rivals’ recent moves and apparent Group-level interest in a carve-out.
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Network & Infrastructure
T-Mobile denies fibre-enabling play for Frontier
TMUS continues to display uncharacteristic caution when it comes to establishing fibre broadband platform, insisting not yet interested in a major, in-house infrastructure build plan or buyout.
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Venturing & Investments
ITS bags fresh funding for UK fibre rollout, eyes M&A opportunities
Avenue Capital Group injects £100m of debt funding into B2B-focused altnet.
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Network & Infrastructure
Vector Technologies: Telcos must own interoperability to leverage multi-vendor strategic benefits
Vector Technologies considers that to succeed in a fast-moving multi‑faceted market (incl. M&A), service providers need to create an interoperable multi‑vendor access environment that can adapt. The fundamental significance will ultimately prove itself in stability and customer experience benefits that will support business growth, the broadband SI believes.
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Strategy & Change
Blackstone targets ‘compelling’ digital infra gains
Investment behemoth wants to more than double the value of its infrastructure business, aided by AI-fuelled growth in data centre capacity and other digital assets.
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M&A
Cellnex takes over WHP’s Scottish tower assets
Behind-scenes acquisition sees group become tower partner for Scotland’s publicly-funded 4G rollout initiative.
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M&A
Cordiant plots next stage of expansion after completing move for Ireland’s Speed Fibre
Cordiant Digital Infrastructure closes out expansion into Ireland’s digital infrastructure market, gaining regulatory clearance for acquisition of Speed Fibre.
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Operations
Orange restructures global wholesale operations
Michaël Trabbia launches restructured and enlarged Orange Wholesale.