TowerCos – Page 15
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OperationsVantage drafts MOWEA for mast turbines
TowerCo indicates cleantech R&D tie-up is ready for wider deployment. Deal initially focuses on a small subset of sites in main market Germany, but wider national and international rollout mooted if system checks out.
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Network & InfrastructureTelefónica’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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M&AAmerican Tower “excited” by tower M&A in Europe
CFO flags possibility of “compelling things” happening in Europe’s tower scene. Cautions, however, that American Tower in no rush for dealmaking. Deutsche Telekom, Cellnex, Orange, and Vodafone also in the mix for tower M&A.
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Venturing & InvestmentsDT venturing execs formalise digital infra vehicle
DTCP CEO Vento quietly launches Digital Transformation Capital Partners, an independent venturing unit with a European infrastructure bent. Shared management sees Vento and Klima at the helm, but new names also in leadership. Registrations in Germany, and Luxembourg, with Dutch assets in the portfolio.
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Network & InfrastructureDT’s Jacobfeuerborn gives ‘flying towers’ up to ten years to take off
DT-backed SPL is seeking Series B funding. Second edition of GSMA white paper on HAPS due to be published in early 2022. Jacobfeuerborn sees HAPS as the ‘missing link’ between terrestrial and satellite networks.
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Financial & PerformanceVodafone: DT and Orange are ‘credible’ tower merger partners
Read confirms either of Vodafone’s big European rivals could end up being an ally as noise continues to increase around an “industrial merger” for Group’s Vantage Towers business.
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Network & InfrastructureVantage states ‘clear interest’ in Cornerstone buyout
Vodafone’s European TowerCo eyes opportunities in Netherlands and UK as partners Liberty and Telefónica look to cash in on wireless infrastructure assets. Strategic tie-up between Vantage and another MNO TowerCo also remains a possibility.
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Network & InfrastructureHöttges seeks to bring balance to future tower tie-up
Deutsche Telekom CEO seeks to lure tower partner with promise of hands-off approach to managing the business, allowing it to flourish “independently”. Picky operator unenthusiastic about approaches taken by rivals to tower extraction, including Vodafone’s Vantage Towers IPO earlier in the year.
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M&AINWIT continues to fill M&A kitty
Growing Italian TowerCo building up a €1bn platform for deal-making at end of its latest strategic cycle, in FY23. Expansion plans could give co-parent Vodafone another runner in European TowerCo race, beyond main vehicle Vantage Towers.
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M&ATelefónica joins Liberty in move towards UK tower sale
Goldman Sachs reportedly handed reins to examine prospective Cornerstone share sale.
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Public AffairsTelefónica on edge as rambunctious Peru government beds in
Reports highlight fears that multinationals in Peru may face tougher opposition in trading and taxation disputes as the new Peruvian administration develops its strategy under a strongly left-leaning President. Risks the future of a local Telefónica InfraCo; could face complications in a challenging political climate.
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Network & InfrastructureLiberty sees UK–Dutch tower separation “sooner than later”
CFO says group “not in love with” tower ownership and keen to unlock value. Virgin Media O2 and VodafoneZiggo assets in focus.
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M&AFiBrasil straight into M&A action with Phoenix Fiber buy
Vivo said to have been collaborating with the Phoenix fibre unit since March 2019. Deal brings in a further 170,000 premises, with 310,000 to come.
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Network & InfrastructureVodacom starts TowerCo separation sequence
Operator looking to install managing executive, and then fuller leadership team, to drive tower separation plans outlined in May. Plan to explore stake sale reiterated. Initial focus on biggest market South Africa.
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M&ATPG puts feelers out for TowerCo deal
Australian JV conducting “preliminary market assessment” ahead of possible spin-off. Scope of monetisation would be limited by operator’s low level of site ownership. Competitors have already made moves.
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OperationsIndus Towers said to firm up IT systems rework
TowerCo CEO flags progress in pursuit of post-merger synergies. “Indus team” completes IT systems integration, meaning management of 180,000+ site portfolio falls under one roof.
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M&AVodafone Italy hands highways infra to INWIT JV
OpCo’s divestment bulks-up INWIT portfolio, as TowerCo continues spending spree. INWIT to equip portion of new assets with IoT capabilities in “smart road” drive. Acquisition expected to be green-lighted before end-2021.
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M&AVantage back in shop window as Vodafone builds revival
M&A remains a lever to help Vodafone revive growth, says CEO Read. New Chairman van Boxmeer lighting a fire under Group strategy and ambition. Another chunk of Vantage could be sold off to “like-minded” partner. Hint made of some UK deal-making in pipeline. Egyptian and Spanish assets remain in ...
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Network & InfrastructureGerman MNOs face “Herculean” flood recovery projects
O2, Telekom Deutschland, and Vodafone make headway in respective network restoration efforts after flash floods take out networks. Portable base stations plugging gaps left by damaged fibre.
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Network & InfrastructureVantage Towers CEO dismisses bond proxy tag
Vivek Badrinath enthuses about “exciting business model”. Sees scope for innovation and expansion through greater non-operator engagement. Always on the lookout for M&A opportunities, but existing markets take priority if going down consolidation route.