M&A
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American investment firm Blackstone will buy an industrial site previously earmarked for British battery manufacturer Britishvolt.
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Global satellite operator SES has agreed to acquire Intelsat for $3.1 billion (€2.8 billion euros),
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The Competition and Markets Authority (CMA) has started a detailed Phase 2 investigation looking into Vodafone UK’s joint venture agreement with Three UK.
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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.
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Saudi Arabia’s Public Investment Fund (PIF) has agreed to acquire a 51% stake in Saudi Telecom Company (stc’s) carve out towerco TAWAL.
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Malaysia’s Axiata and India’s Bharti Airtel have signed an agreement to merge their Sri Lankan telecom operators.
Forthcoming events
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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.
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Sky News has reported that Alison Kirby, BT Group’s CEO, has reinitiated plans to sell its Irish corporate business.
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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.
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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.
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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.
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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.
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The transaction sees the companies join forces to dominate the Spanish telco market
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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.
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Numerous sources are reporting today that Singtel plans to sell its stake in Australian operator Optus.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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EU regulators could ease rules against telco mergers to get Big Tech and others to help rollout 5G, a Reuters report indicates.
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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.
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Ericsson has signed two agreements for funding with the European Investment Bank (EIB) for a total of €420 million.
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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.
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Google has bought land in Essex for the possible development of its new data centre campus.
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TowerXchange breaks down Europe's most recent tower transaction
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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.
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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.
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Ericsson has announced that Lars Sandström will step into the role of CFO at the same time as reporting expectedly unwelcome full year results.
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Exa Infrastructure has announced its sixth transatlantic subsea cable route with the addition of Amitié, and has also unveiled a new partnership with NJFX.
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AST Mobile has announced a strategic investment from AT&T, Google and Vodafone of $155 million.
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Amazon Web Services (AWS) will invest US$15.24 billion in Japan by 2027 to boost cloud computing infrastructure that is critical to AI.
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Digital Infrastructure veteran Jorge Abadia Pozuelo has joined NextStream as CEO, commencing his role on 1st January this year.
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Google will invest US$1 billion in a new data centre in the UK, located in Waltham Cross Hertfordshire.
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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).
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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.
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Nokia will invest €360 million in software, hardware and chip design at its Ulm and Nuremberg sites, the company said today.
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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.
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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.
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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.
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The UAE and Kazakhstan have signed a strategic agreement to create a framework for investment cooperation in data centres and AI projects in the Central Asian country.
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The acquisition of German Teqport a tech-enabled network service provider with asset recovery and decommissioning expertise, further expands TXO’s circular economy telecom offering for UK and Europe.
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Global Telco Consult (GTC), an independent player in telecoms and A2P messaging consultancy has acquired a majority stake acquisition in Oofty.
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Infrastructure investor DigitalBridge has hired Ersin Yorulmaz as co-head of European capital formation in a move it says strengthens its commitment to the European region.
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Hewlett Packard Enterprise (HPE) will buy Juniper Networks in a deal worth US$14 billion.
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Hyperscaler and co-location data centre provider, Vantage Data Centers (Vantage), has announced a $6.4 billion equity investment led by DigitalBridge and Silver Lake.
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Canadian investment manager Brookfield has agreed to acquire American Tower’s Indian business for $2.5 billion via its Data Infrastructure Trust (DIT)
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EdgeCore Digital Infrastructure confirms the completion of a $1.9 billion debt financing transaction to fund the development of its data centre campus in Mesa, Arizona.
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Telecoms operator Telefonica has reached an agreement with unions in its home country of Spain which could see 3,421 members of its staff lose their jobs.
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Orange has signed an agreement with the Romanian government to form a single, combined mobile operator.
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Capacity speaks with Jordan Sadler, SVP public and private investor relations at Digital Realty to find out more about its capital raising strategy heading into 2024 and more about its joint venture with Blackstone.
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Turkcell has entered into an agreement to sell its Ukrainian business units, mobile operator Lifecell; digital services provider Global Bilgi and tower company Ukrtower, to NJJ Capital.