All Mergers and Acquisitions (M&A) articles – Page 28
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Financial & Performance
Vodafone under pressure from activist investor to boost shareholder returns
Bloomberg reports Cevian Capital has built up stake in Vodafone. Unnamed sources say Swedish investment firm putting pressure on Read and management team to move more aggressively on M&A. Accuses Vodafone board of lacking experience and strategic know-how in telecoms. Vodafone share price gets bounce after news breaks of ...
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Public Affairs
Telefónica handed EC fine for Brazilian non-compete deal
Decade-long proceedings close with Telefónica — along with Pharol — ordered to hand over €79m for antitrust breach. European Commission findings upheld despite yo-yoing, with final charge held for Telefónica and down slightly for Pharol.
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Public Affairs
Cellnex offers CMA deal to secure Hutchison UK tower merger
Spanish InfraCo willing to sell enough sites from its existing estate to enable a new UK tower player to emerge, and overcome CMA concerns on competition linked to its planned CKH infrastructure acquisition. Four companies have already stepped forward as potential buyers. CTIL objects to being positioned as a ...
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M&A
Vodafone under M&A spotlight in Italy, UK
Group reportedly in consolidation talks with Iliad in Italy. A potential merger with Three UK was also apparently explored. Vodafone keeps head down as rumours swirl. Read keen advocate of European in-market consolidation.
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Premium
Elsewhere in Vodafone Europe: VodafoneZiggo issues €2.1bn in sustainability bonds
Vodafone to lose leadership position in Albanian mobile market; VodafoneZiggo issues sustainability bonds valued at €2.1bn; Vodafone UK scam texts fall by more than two-thirds following installation of SMS firewall.
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M&A
Vodacom moves closer to Vodafone Egypt takeover
Vodacom gets shareholder backing for acquisition of 51% stake. Regulatory approval is still required.
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Network & Infrastructure
Telefónica’s PangeaCo begins operations in Peru
Telefónica appears to have failed to find an investor for the Peruvian FibreCo. Political situation may have complicated efforts to find a partner.
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Premium
Elsewhere in Vodafone Group: Cisco & Vodafone selected as SFHA commercial associates
Vodafone’s M&A chaperone boosts takings; named commercial associate by Scottish Federation of Housing Associations, along with Cisco.
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M&A
Telefónica concludes Central American exit with El Salvador sale
General International Telecom’s $139m transaction completed. Sale goes through at the second attempt after an agreement with América Móvil collapsed in 2019.
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M&A
DAZN retakes lead in BT Sport race
Sports streaming specialist in pole position to land $800m deal. Discovery JV still a possibility, but cash injection may be preferable as BT invests in 5G and fibre rollouts.
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M&A
T-Mobile US picks up rideshare advertiser Octopus
Adtech-focused Marketing Solutions division makes acquisition to expand marketers toolkit. Octopus Interactive to transition to T-Mobile network for device connectivity.
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Premium
Telefónica Tech snaps up Geprom
Latest acquisition aimed at bolstering the IoT & Big Data unit.
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M&A
Group’s Central America withdrawal complete
El Salvador’s Superintendencia de Competencia gives Group green light to exit the market through transaction announced with General International Telecom in autumn. No conditions attached to approval, unlike earlier deal with América Móvil that ended up collapsing. Deal is final of five regional sales by Group.
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M&A
Mastercard buys former DT investment Dynamic Yield
AI-based customer experience personalisation platform picked up by Mastercard from McDonalds. Deutsche Telekom Capital Partners first invested in 2017.
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Financial & Performance
BT’s M&A chaperone boosts takings
Boutique advisory firm Robey Warshaw reports a 50% jump in sales from corporate deal-making tasks. Partner of BT and Vodafone appears primed to benefit from industry’s new wave of consolidation.
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Public Affairs
Ericsson loses latest skirmish in Telefónica Avatar saga
Ericsson blocked from unilaterally changing working conditions for employees transferred from Telefónica in 2010 in conjunction with the AltamirA platform acquisition. A renewed deal linked to the platform removes Telefónica’s minimum spend commitment.
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M&A
VM O2 CEO happy as spectator to BT takeover saga
Lutz Schüler, CEO at Virgin Media O2, said he “thanks God” his business is not distracted by shareholder goings on. Comes after Patrick Drahi expanded his shareholding in VM O2 rival BT. Schüler’s attention fixed on customer experience improvements and fibre rollout.
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M&A
Defences up as Drahi increases BT stake
Patrick Drahi’s Altice UK stops short of a takeover bid, but increases holding to 18%. UK government issues warning that it “will not hesitate” to protect national interests amid concerns of foreign investment in critical infrastructure incumbent. Takeover not Drahi’s ‘intention’, but caveats are in place.
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M&A
Will Drahi come knocking on BT’s door?
Six months on from French billionaire’s surprise raid on BT, Altice UK now free to up its stake or mount a takeover bid. Jansen called in for meeting with UK government minister to get the lowdown on Drahi’s intentions.
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M&A
Magyar Telekom divests healthcare subsidiary
Hungarian NatCo’s T-Systems Hungary business has divested its Pan-Inform subsidiary. Unit will be operated by the state following the deal’s conclusion in early-2022.