Midweek Mergers: September 3

Midweek Mergers: September 3

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

A consortium of seven global operators has announced plans for a new subsea cable system to directly connect south east Asia to the US. [read more]

Midweek Mergers

German internet service provider United Internet has agreed a deal to buyout equity firm KKR’s 74.9% stake in cable company Versatel for approximately €586 million. [read more]

Telefónica has revealed plans to exit its 14.8% stake in Telecom Italia upon completion of its deal to acquire GVT from Vivendi. [read more]

Brazilian carrier Oi is set to sell a 25% stake in its Angolan subsidiary Unitel for approximately $2 billion. [read more]

Essar Capital is said to have entered a binding agreement with Bharti Airtel and Safaricom for the sale of its Kenyan mobile operator, yuMobile. [read more]

French player Iliad has claimed it is still working on a deal to acquire T-Mobile US, despite failing in its first attempt to enter the US market. [read more]

América Móvil has hired Bank of America to sell a portion of its Mexican assets, as it attempts to comply with new regulations. [read more]

International Investments

KDDI is to invest $270 million in the construction of two new data centres in Japan for its data centre subsidiary, Telehouse. [read more]

Telekom Slovenia’s privatisation process has again been put on hold, pending approval from the country’s new government when it takes power later this month. [read more]

EU anti-trust regulators have asked telecoms operators in the continent to provide feedback on Facebook’s proposed $19 billion acquisition of mobile messaging company WhatsApp. [read more]

UK-based satellite provider Inmarsat has received a delayed quarterly payment of $9.1 million from its US partner, LightSquared. [read more]

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