All Mergers and Acquisitions (M&A) articles – Page 38
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M&A
BT Global wraps up French exit
French infrastructure business bought by IT group said to generate in region of £100m in annual revenue. BT keen to highlight it will maintain a presence in France, with 60 major customers active on the country.
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M&A
Vestager: Brexit complicates O2-VM competitions ruling
European Competition Commissioner signals openness to allowing CMA to oversee the review of O2’s proposed merger with Virgin Media History, and the appeal of the EC being able to reassert its views on market consolidation, may still point to Europe asserting its prerogative however. O2 and Virgin Media see ...
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M&A
Vodafone UK’s partner puzzle remains unsolved
Could O2 + Virgin Media = Three for Vodafone UK? Fixed–mobile convergence is a riddle to be solved.
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Premium
Elsewhere in Vodafone’s Associates & JVs: Telenet-VodafoneZiggo merger raises concerns
New Greek towers JV cleared; VodafoneZiggo future remains in spotlight.
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Premium
Indus Towers–Infratel merger finally moves forward
Rejigged agreement offers a safety net for TowerCo amid ongoing questions over Vi’s future.
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Strategy & Change
OTE head honchos propose organisational revamp
Three new spin-out specialist companies to absorb customer service, shops, and technical field operations.
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M&A
MÁSMÓVIL CEO calls Vodafone link a “bluff”
Spenger scoffs at recent media reports that MÁSMÓVIL was in consolidation talks with Vodafone. CEO pointedly adds, however, that mergers eliminate “unnecessary infrastructure costs”.
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Premium
Elsewhere in BT Group: SEC exit nears
BT backing off office space rental plans, SEC exit nears, rival TalkTalk set to de-list.
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M&A
MBNL’s future up in air as Three ponders mast sale
Both MBNL and Cornerstone, UK MNOs’ two tower joint ventures, appear on the verge of an ownership revamp. Three exit could tie with moves by CK Hutchison to establish a separate TowerCo.
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M&A
Telefónica ponders surrendering Telxius majority
CFO Abasolo reportedly open to the idea of letting go of direct Telxius control to enable faster growth as an independent business.
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Premium
Airtel–Telkom merger falls through
Let-off for Safaricom as its two major mobile competitors remain marooned in sub-scale no-mans-land.
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Partnerships & Alliances
TPG deepens Genesys ties
TPG projects opex savings of AU$ 3m after moving all customer contact channels to cloud-based platform. Genesys now appears firmly entrenched within the Group, with VfD a key user.
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M&A
Vodafone linked with Spain’s MÁSMÓVIL again
Group reportedly in acquisition talks with Spain’s fourth largest operator. MÁSMÓVIL subsequently denies discussions after only recently agreeing to private equity buyout.
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M&A
Vodacom in talks to buy SA fibre networks — report
Potential acquisition of Vumatel and Dark Fibre Africa would meet Vodacom need for fibre network assets.
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People
Former BT exec Hanif Lalani stripped of OBE
Lalani’s last BT role was CEO of BT Global Services. He was fined €1.5m by France’s stock market watchdog in 2012.
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M&A
Fries and Álvarez-Pallete: two minds on UK JV
While Telefónica and Liberty said to be on same page on O2–Virgin Media integration, respective chiefs hinted at varying concerns and strategic priorities linked to the progress of the JV.
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M&A
Vivo and co. secure stalking horse status on Oi
As the collective preferred buyer, Vivo, TIM, and Claro are confident they are in a position to outbid any rival interest in Oi’s mobile business. With a €2.6bn offer on the table, Vivo is highlighting the boost in investment in ultrafast networks that would be enabled by Oi’s windfall ...
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M&A
Vodafone Egypt sale reaches impasse; adverse event or powerplay?
Vodafone and stc ‘keep the dialogue open’ as MoU expires. Telecom Egypt denies it has a role in enabling deal, but Vodafone’s dysfunctional local partnership appears to be complicating matters again.
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Operations
BT–EE meld: more execs become part of the mothership
BT’s de-duplication effort accelerates with more than two thirds of EE’s operations staff being swallowed up by its parent Group since April 2019.
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M&A
Vodafone decries Italian broadband plan
Italy’s plan to create a single national broadband network moves closer, but deal still has some hurdles to overcome and Vodafone CEO Read signals he is opposed. Beyond broadband network, project might include 5G, edge computing, cloud and data centres, creating further strategic complexity for Vodafone’s Italian interests.