All Venturing & Investments articles – Page 6
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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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Public Affairs
Wait goes on for EC’s investment revival ‘vision’
European Commission guidelines for new Digital Networks Act expected before June 2024, but draft legislation not until 2025.
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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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People
Former Vodafone chief Colao bags double board appointments
Ex-Vodafone CEO becomes Non-Executive Director on boards of startup companies Doctolib and Staffbase.
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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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Venturing & Investments
Wayra Hispam invests in retail analytics provider Celes
Startup accelerator’s latest investment part of $1m funding round.
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Venturing & Investments
Vodafone revamps Italian startup scheme in hunt for next ‘deeptech’ success story
Vodafone Italy launches innoVaction, a reworked Action for 5G replacement, as it seeks startups for equity investments.
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Venturing & Investments
Tomorrow Street goes transatlantic for full SCALEUP X cohort
Vodafone–Technoport JV finalises list of 20 scaleups on 2023 iteration of acceleration programme.
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Public Affairs
EU urges action as 2030 digital infra targets are “far from assured”
European Commission calls on EU member states to pick up the pace on digital infra rollout, estimating up to €227bn required to meet 2030 goals.
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Network & Infrastructure
Digital infra slips down UK’s investment priority list
New data from Ipsos and the Global Infrastructure Investor Association shows digital infra is towards the bottom of the UK’s investment priorities.
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M&A
DTCP takes majority stake in maincubes
Investment firm reiterates ambition that maincubes can become a “leading European data centre operator”.
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Network & Infrastructure
The Backfill: Helios Towers bags $720m in debt facilities
Helios Towers signs off on new debt facilities, partially to fund new cash tender offer. Fibre M&A continues in Europe, while MTN Nigeria replaces IHS with ATC in new tower deal. Read more…
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Public Affairs
UK MPs call for changes to keep Project Gigabit and R100 on track
Ministers criticise “one-size-fits-all” approach of Project Gigabit and R100 broadband subsidy programmes in Parliament.
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Public Affairs
Spain rallies to defend “strategic” Telefónica
stc’s bid to become Telefónica’s largest shareholder faces tough scrutiny.
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M&A
CVC sets sights on infrastructure with DIF buyout
Private equity-focused CVC prepares to acquire 100% of infrastructure investor DIF Capital Partners.
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Financial & Performance
Safaricom issues green financing to fuel ESG investments
Sustainability-linked loan facility set to “unlock” Kenyan operator’s investment diversification plans.
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Network & Infrastructure
The Backfill: TAWAL firms up European entrance
TAWAL sets first foot into European telecoms sector after acquiring United Group towers. Phoenix Tower International also ups presence in continent. Meanwhile, Ghana preps national 4G and 5G neutral-host network. Read more…
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M&A
Italian state greenlit to take share of TIM’s fixed network spinoff
Italy’s Ministry of Economy and Finance set to take up to 20% stake in TIM’s proposed fixed-line asset spinoff.