M&A
-
American investment firm Blackstone will buy an industrial site previously earmarked for British battery manufacturer Britishvolt.
-
Global satellite operator SES has agreed to acquire Intelsat for $3.1 billion (€2.8 billion euros),
-
The Competition and Markets Authority (CMA) has started a detailed Phase 2 investigation looking into Vodafone UK’s joint venture agreement with Three UK.
-
Following the tie up of Indosat Ooredoo and CK Hutchinson in 2022, Bloomberg are reporting that a merger between SmartFren and XL Axiata is edging closer to being ironed out.
-
Saudi Arabia’s Public Investment Fund (PIF) has agreed to acquire a 51% stake in Saudi Telecom Company (stc’s) carve out towerco TAWAL.
-
Malaysia’s Axiata and India’s Bharti Airtel have signed an agreement to merge their Sri Lankan telecom operators.
Forthcoming events
-
DIF Capital Partners has entered into exclusive negotiations with TDF and La Banque des Territoires to acquire the fibre business of Brookfield backed TDF Group.
-
Sky News has reported that Alison Kirby, BT Group’s CEO, has reinitiated plans to sell its Irish corporate business.
-
El Expansion, a Spanish newspaper, has reported that Telefonica plans to acquire spectrum from newly formed MasOrange, following the completion of a merger last month.
-
Northumberland County Council is set to consider a proposed sale of the Northumberland Energy Park (NEP3) land site in Cambois to Blackstone, so a hyperscale data centre can be built.
-
Macquarie Technology Group has filed a statement on Australia’s stock exchange announcing the acquisition of land and buildings at its Macquarie Park Data Centre Campus for A$174 million.
-
Axiata subsidiary Edotco will sell its 87.5% stake in its Myanmar towerco to a local investment group, Yoma Strategic Holdings, people familiar with the matter told Capacity today.
-
The transaction sees the companies join forces to dominate the Spanish telco market
-
Analysts and execs from the two mobile network operators have responded the UK’s Competition and Markets Authority’s decision to progress its review of the Vodafone/Three merger proposal to an in-depth phase 2 review.
-
Numerous sources are reporting today that Singtel plans to sell its stake in Australian operator Optus.
-
The Canada Pension Plan Investment Board (CPP) has revealed plans to invest up to €2 billion in a 17.5% stake in Telecom Italia (TIM)’s fixed network business.
-
Ted Miller is not going down without a fight. Following his scathing open letter that criticised Crown Castle’s board and questioned Elliot Managements (Elliot) commitment to the best interest of shareholders, the towerco co-founder has filed a lawsuit to invalidate the two parties co-operation agreement.
-
Vodafone Group has responded to media speculation regarding the sale of its Italian business, Vodafone Italy, confirming a sale to Swiss telecoms firm Swisscomm is in the works.
-
French operator Bouygues Telecom has signed an exclusive agreement with La Poste group for 100% of its subsidiary La Poste Telecom, the largest mobile virtual network operator (MVNO) in the French market.
-
Crown Castle co-founder Ted Miller has published an open letter to chairman, P. Robert Bartolo (Rob), in which he calls for stronger action to address the challenged towerco's financial situation.
-
The European Commission has approved the merger between Orange and MasMovil in Spain. The deal will take the form of a 50/50 joint venture, co-controlled by both companies.
-
It's back! Now in its sixth year, Capacity’s annual power listing, featuring the top 100 people from across the wholesale telecoms space, is now open for nominations.
-
EU regulators could ease rules against telco mergers to get Big Tech and others to help rollout 5G, a Reuters report indicates.
-
The never-ending story of TIM selling its fixed network to KKR took yet another twist yesterday, as the Italian Government made a bid for 100% of TIM’s infrastructure and connectivity business, Sparkle.
-
Ericsson has signed two agreements for funding with the European Investment Bank (EIB) for a total of €420 million.
-
Pekka Lundmark, CEO and president of Nokia, has called AT&T’s decision to partner with Ericsson a disappointing outcome, and referred to the Open RAN project as a largely single-sourced RAN network.
-
Google has bought land in Essex for the possible development of its new data centre campus.
-
TowerXchange breaks down Europe's most recent tower transaction
-
Nokia’s exit from TD Tech, a wireless technology firm jointly controlled by Huawei comes as no surprise according to Paolo Pescatore, TMT analyst at PP Foresight.
-
I Squared Capital-backed Lightstorm has acquired three submarine cables, including the JGA-North as well as significant portions of the JGA-South and SEA-US cable systems.
-
Ericsson has announced that Lars Sandström will step into the role of CFO at the same time as reporting expectedly unwelcome full year results.
-
Exa Infrastructure has announced its sixth transatlantic subsea cable route with the addition of Amitié, and has also unveiled a new partnership with NJFX.
-
AST Mobile has announced a strategic investment from AT&T, Google and Vodafone of $155 million.
-
Amazon Web Services (AWS) will invest US$15.24 billion in Japan by 2027 to boost cloud computing infrastructure that is critical to AI.
-
Digital Infrastructure veteran Jorge Abadia Pozuelo has joined NextStream as CEO, commencing his role on 1st January this year.
-
Google will invest US$1 billion in a new data centre in the UK, located in Waltham Cross Hertfordshire.
-
Bloomberg has reported that AirTrunk’s owners, Macquaire Asset Management (MAM) and Canadian pension fund PSP Investments (PSP), are looking to sell the business for up to AU$12 billion (US$7.9bn).
-
KKR’s massive bid to acquire Telecom Italia’s (TIM) fixed line network for as much as €22 billion has been cleared by the Italian Government, but unhappy shareholder Vivendi could still hold up proceedings.
-
Nokia will invest €360 million in software, hardware and chip design at its Ulm and Nuremberg sites, the company said today.
-
Octopus Energy’s generation arm, its renewable energy finance division, has made a £200 million investment in Deep Green, a data centre heat reuse technology provider.
-
BT’s move away from the inflation-linked pricing method is a smart move from the company according to Kester Mann, director of consumer and connectivity at CCS Insight.
-
Vodafone and Microsoft have inked a 10-year strategic partnership to bring generative AI, digital services and the cloud to more than 300 million businesses and customers across Europe and Africa.