Vodafone Deals & M&A – Page 8
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M&AVodafone explores sale of Indus Towers stake
Group plans to use some of the proceeds to take part in Vi fundraising exercise. Bharti Airtel could buy another 4.7% stake in Indus Towers. Indus security arrangements have been modified, but TowerCo still protected from Vi weakness. In Europe, Vodafone could lose Telecom Italia as partner in ...
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M&AIliad makes move on Vodafone Italy
France-based Iliad Group said to have tabled an offer to Vodafone board last week. Vodafone share price gets short-lived bounce. Read’s self-styled “proactive” approach to M&A under the spotlight (again).
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M&AVodafone 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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PremiumElsewhere 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&AVodacom moves closer to Vodafone Egypt takeover
Vodacom gets shareholder backing for acquisition of 51% stake. Regulatory approval is still required.
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PremiumElsewhere 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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PremiumElsewhere in Vodafone Partner Markets: Vodafone TV to end in NZ
Developments from around Vodafone’s soft-power network: New Zealand’s Vodafone TV to be retired in 2022; MTS subsidiary acquires facial recognition specialist VisionLabs.
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PremiumElsewhere in Vodafone Associates & JVs: KKR bids for TIM
KKR submits cheeky bid for TIM; TPG requests joint functional separation undertaking.
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PremiumRead calls out European market failures
Vodafone CEO Nick Read identified four core principles that he sees as necessary for Europe to compete against Chinese and US tech domination. Consolidation of “hyper-fragmented” telecoms market remains a preoccupation.
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PremiumQ2 FY21–22 Headlines: Vodafone growth maintained despite B2B, Spain bumps
Group benefits as COVID-19 drag steadily eases. On positive side, forward movement maintained in Germany and UK, and picture improves in super-competitive Italy. Blotches include an apparent step back in growth at Vodafone Business, despite its star billing, and a return to reverse gear in perennially challenging Spain.
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PremiumVodafone New Zealand said to initiate tower spinout
Former Vodafone OpCo’s parents reported to have hired advisors to guide them through separation and monetisation. Move comes with regional tower market heating up. Both Spark and Vodafone NZ moot interest in infra-sharing.
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M&AKKR launches Telecom Italia buyout attempt
Offer believed to be worth at least €32bn. Operator shares soar 30% as the news emerges.
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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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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&AVodacom expands into Egypt with Vodafone stake switch
Vodafone to increase its stake in Vodacom to more than 65% following the transaction. Internal deal follows STC’s failed mission to buy Vodafone Egypt during 2020.
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Venturing & InvestmentsVi can live long and prosper, insists CEO
Takkar welcomes government four-year moratorium on AGR dues and spectrum fees. Confident that relief package paves way for private investment. Vodafone rules out (again) cash injection into JV. Floor pricing issue still to be resolved.
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Public AffairsUK government defends Ethiopian mobile investment
Vodafone and CDC investment in Ethiopian mobile operator crops up in parliamentary debate on Tigray humanitarian crisis. Investment deemed to be “right” and long term. CDC emphasises role as impact investor with a lot of patience. Vodacom agrees to fund Safaricom Telecommunications Ethiopia.
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Network & InfrastructureStarlink a potential suitor in Vodafone’s 28GHz lease deal
Vodafone in conversation with satellite operators to lease 28GHz spectrum in the UK. Elon Musk’s Starlink touted as an option
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M&AVodacom aims for 100m fintech users on road to sale
CEO Shameel Joosub sets sights on nine-figure base to win better bargaining position with potential buyers and partners. Vodacom taking control of fintech offerings in Ghana and Egypt, to fuel expansion.
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M&ALiberty CEO: call me, Nick, if you want to sell VodafoneZiggo
Mike Fries says Liberty “open-minded” on possibility of transaction with co-parent Vodafone. Management of Dutch JV conducting “strategic review” around issues including infrastructure and content ownership.