All Mergers and Acquisitions (M&A) articles – Page 39
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M&A
T-Mobile US casts off from Sprint remnant Tidal
New majority owners for Jay-Z-founded music business after artist reportedly buys back T-Mobile’s stake.
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Network & Infrastructure
Magyar Telekom CEO rules out tower tie-ups
Tibor Rékasi anticipates no strategic activity in the “near future”. 5G coverage target met in Budapest.
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Strategy & Change
OTE: Romanian mobile remnant not on market, yet
Long subject of sale speculation, TRMC to focus on organic turnaround for now.
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M&A
Vodafone readies cheque for Egyptian fintech players
Vodafone Egypt signs MoU for minority stakes in digital payment players Bee and Masary. New Vodafone Egypt CEO Abdallah seeks to paint deal as part of “promising” strategic investment plan, following Group’s failed exit.
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Strategy & Change
Vodafone CZ confirms strategic talks with ČEZ
Czech OpCo declines to divulge what the talks are about, after a local news report suggests a possible sale of the business is on the table.
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M&A
Telefónica to swap more data centres for Nabiax stake
Four data centres are said to be on the table, with a 20%-stake in Asterion subsidiary Nabiax the price. Nabiax-Telefónica JV reportedly in the pipeline to manage the estate.
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Network & Infrastructure
Virgin Media preps Lightning for post-JV world
Liberty Global confident of JV clearance, and anticipates Telefónica talks on ambitious and aggressive fixed-line rollout. Liberty’s Sky relationship appears key, with prospects for collaboration heightened by a friendly face at the helm. Meanwhile, Virgin Media appears to be finally embracing PIA from Openreach for cheaper fibre rollout.
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M&A
Liberty CEO puts two-year timeframe on VodafoneZiggo IPO
Fries cautiously tells analysts to watch out for some “activity” at its Dutch JV in the next 24 months. VodafoneZiggo burnishes its IPO credentials with target-busting financials for FY20.
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Strategy & Change
Vodacom’s Joosub dismisses Vodafone Ghana buyout talk
Acquisition of Ghanaian OpCo by Vodacom not under consideration, according to Chief Executive.
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Premium
Sievert envisages Sprint shutdown ramp-up in 2022
TMUS CEO says “isolated” closures of Sprint network already underway. Underlines post-merger integration progress in marketing and distribution. NatCo’s 3G shutdown reportedly pushed back until April 2022.
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Strategy & Change
Elsewhere in Telekom Deutschland: 5G hits two-thirds of Germans
Cellnex to watch from German tower sidelines. TDE gets Hessen authorities on board for fibre.
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M&A
Germany mulls selling stake in Deutsche Telekom
Coalition government considers “scaling back” state holdings in various companies, including Deutsche Telekom. Pandemic-induced financial pressures taking their toll.
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M&A
BT to take full OnePhone ownership
Swedish technology partners to be bought out after nine years, bringing the mobile PBX proposition fully under BT umbrella. OnePhone previously flagged as a quiet success of Enterprise portfolio, and now seemingly turning a profit.
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M&A
Vodafone’s Read coy on Spanish M&A possibilities
“Pragmatic” Vodafone will “always examine opportunities to enhance and strengthen our business”, says Group Chief Executive.
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People
Osborne to become Vodafone’s deal-making wingman
Ex-UK Chancellor likely to be involved in future Group acquisitions after agreeing to join M&A chaperone Robey Warshaw.
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M&A
Rumours of Vodafone tie-up with MÁSMÓVIL resurface
But MÁSMÓVIL not necessarily the prey. Renewed media speculation that Spain’s fourth largest operator might acquire Vodafone Spain. Report from Banco Santander says MÁSMÓVIL, under new private equity owners, has the necessary financial clout to pull it off.
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M&A
Oi firms up mobile deal, Vivo reinforces its market lead
Oi finalises mobile asset sale to three-strong consortium of Claro, TIM Brasil, and Vivo. Oi CFO: regulatory approval expected within the year. Trifecta of assets now divested by in-administration Oi as it seeks route to recovery via fibre.
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Premium
Elsewhere in Telefónica’s Core Markets: O2 commits to roaming
Regulation relaxed in Spain. O2 commits to roaming. Vivo signs renewables deal.
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M&A
Wholesale power under scrutiny as CMA reviews VM-O2
Proposed JV’s ability to tilt backhaul market in its favour and limit opportunities for MVNOs will be central to competition review. The impact of the deal on the development of providers offering fixed-mobile bundles will receive particular scrutiny. CMA wields new powers post-Brexit, but this is accompanied by greater ...
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M&A
Caching out: Vodafone’s long-range storage play exited
Group’s corporate venturing portfolio continues to dwindle as Caringo, an investment made back in late-2000s, gets absorbed by storage peer.