Midweek Mergers: July 24

Midweek Mergers: July 24

Capacity brings you the latest mergers and acquisitions in the wholesale arena. If you have any deals you'd like us to share, please tweet us @capacitymag or email editorial@capacitymedia.com.

Deal of the week

 KPN has agreed to sell its German subsidiary, E-Plus, to Telefónica Deutschland for €8.1 billion. [read more]

Midweek Mergers & Acquistions

 Helios Towers Tanzania has officially acquired the entirety of Vodacom Group’s tower network in Tanzania. [read more]

 Saudi Telecom Company has announced it is to sell its Indonesia subsidiary, PT Axis Telekom. [read more]

 Telstra has dropped its reported $60 million bid to acquire South Australian-based ISP Adam Internet. [read more]

 Vivendi has begun discussions with Etisalat over the sale of its 53% stake in Maroc Telecom. [read more]

 SoftBank reportedly had an $8.5 billion bid to acquire Universal Music rejected by Vivendi, the group’s owner. [read more]

International Investments

 True Corp has said it will set up a Thai infrastructure fund worth approximately $2.25 billion. [read more]

 The largest cable group in the Netherlands, Ziggo, has reduced its 2013 growth forecast. [read more]

 Vodafone reports fourth quarterly decline in a key sales measure. [read more]

 Huawei posts 113.8 billion Chinese Yuan in revenues for the first six months of 2013. [read more]