Vodafone Deals & M&A – Page 10
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Products & ServicesVodacom eyeing M-PESA’s biggest money transfer yet?
M-commerce froth suggests possible eight-figure valuation for M-PESA. High-profile friends could add further appeal. Joosub showing signs of monetisation interest, possible temptation.
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Strategy & ChangeSafaricom: deadline for Ethiopia entry bid pushed back (again)
ECA grants Kenyan operator and other interested parties more time to consider ins and outs of Ethiopian expansion. Deadline revised for the second time in as many months. Laws blocking Safaricom from operating fintech service in country remain in place (for now).
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M&AVodafone interest AST SpaceMobile completes merger
LEO satellite venture combines with special purpose acquisition company to fuel expansion, with eyes on going commercial with a helping hand from Vodafone. “ASTS” trading on NASDAQ. CEO Avellan unfazed by competition from SpaceX and co.
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M&AVodafone’s Icelandic affiliate divests Hey
Sýn sells minority stake in Faroese sister company. Icelandic operator seeking cost efficiencies (in more ways than one). Partner Market relationship remains active in service and tech development.
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M&AVantage Towers buys out partner in Greek TowerCo
Vodafone TowerCo signals its independence with first acquisition since its IPO in Frankfurt. Vodafone Greece and Wind Hellas to remain anchor tenants of Greek TowerCo. Rival OTE bides its time.
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Network & InfrastructureLiberty: VodafoneZiggo tower sale is ‘work-in-progress’
CEO Mike Fries sees Dutch joint venture’s assets as undervalued. Partner appears aligned with Vodafone’s eagerness to extract cash from site networks across Europe. Broader discussions over VodafoneZiggo collaboration may be tied in with tower question.
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PremiumQ3 FY20–21: Top team turn bullish as growth returns, just
Nick Read and Margherita Della Valle claim Group set for acceleration after sneaking back into growth territory during quarter. European macro and M&A questions continue to overhang claims of confidence in regional prospects, however. Amid continued talk of yet more in-country consolidation, “pragmatic” Vodafone will “always examine opportunities to ...
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M&AVodafone 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 & ChangeVodafone 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&ALiberty 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 & ChangeVodacom’s Joosub dismisses Vodafone Ghana buyout talk
Acquisition of Ghanaian OpCo by Vodacom not under consideration, according to Chief Executive.
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M&AVodafone’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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PeopleOsborne 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&ARumours 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&ACaching 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.
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Strategy & ChangeVodafone said to be considering Ghanaian switcheroo
Possible offload to Vodacom said to be under consideration. Deal would chime with Group leadership’s bid to consolidate Africa and Europe power bases while improving financial position. Political complications likely to be a factor.
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Strategy & ChangeElsewhere in Vodafone Group: R&D goes quantum
Group R&D enters quantum realm; Discovery tied on streaming; Vodafone Fiji eyeing regional expansion.
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M&AVodafone abandons Egypt exit talks
Long-awaited deal falls through, with STC apparently failing to reach an agreement with minority-owner Telecom Egypt. Vodafone Group CEO Nick Read remains philosophical after trekking to Egypt for talks with the President.
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PremiumVodafone seeks end to Elliott battle over KDG
Group attempts to put more than seven years of hurt behind it at a cost of up to €2.12bn.
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Network & InfrastructureVodafone bulks up Vantage Towers with Cornerstone
Vodafone UK and Telefónica UK give each other freedom to “commercialise” their 50% stakes in Cornerstone JV. Transfer of Vodafone’s shareholding to Vantage Towers to take place within weeks. Important (and long-awaited) addition to Vodafone’s European TowerCo ahead of upcoming IPO.