Vodafone and Altice confirm investment for German fibre ops
Vodafone on Wednesday announced that it has completed the sale of half of its German fibre venture to Altice.
Vodafone on Wednesday announced that it has completed the sale of half of its German fibre venture to Altice.
The European Commission has given the green light to plans by Vodafone and Altice to spend billions of euros rolling out a joint fibre-to-the-home infrastructure in Germany.
Vodafone and Altice have announced the creation of a fibre joint venture in Germany that will spend as much as €7 billion on network rollout in the coming years.
Speculation over BT’s future can begin again in earnest after Altice’s stake-building was given the all-clear from the UK government.
The UK government is feeling twitchy about billionaire Patrick Drahi’s 18 percent stake in operator group BT.
BT’s future is still unclear after Altice UK increased its stake in the incumbent to 18 percent.
Eutelsat has turned down a takeover offer from French businessman Patrick Drahi, probably because his bid was not large enough to warrant further discussion.
Altice France has brokered a deal to acquire Coriolis Telecom, a moderately-sized French telco, for a sum that could go north of €400 million.
It has been reported that French telecoms conglomerate Altice wants to raise a few euros by selling what’s left of the Portuguese business it acquired in 2014.
French telecoms group Altice has bought 12.1% of UK operator BT’s shares and reckons BT needs top tips on fibre rollout.
Altice France plans to acquire Afone Participations, a provider of telecoms and electronic payments services that holds a 50% stake in a medium-sized MVNO.
The Covid-19 pandemic has increased demand for telecoms services so, counterintuitively, Altice France plans to cut as much as 11% of its workforce this year.
Asked about the pressure from two US politicians on cable providers not to offer right-wing TV news channels, Dexter Goei said he’ll let the market decide.
Cellnex is at it again. The Spanish infrastructure specialist has brokered a €5.2 billion deal to acquire Altice’s French towers portfolio which it plans to finance via a sizeable capital hike.
Altice USA will not continue to pursue an acquisition of Canada’s Cogeco, having failed to win over its major shareholder before its C$11.1 billion (US$8.4 billion) offer expired.
Cogeco’s major shareholder has issued a definitive refusal to the latest takeover bid from Altice USA and Rogers Communications.
Patrick Drahi, the founder and 40% shareholder of telecoms conglomerate Altice Europe, reckons the time is right to take it private.
Altice USA was prepared to drop US$3.6 billion to extend its footprint in the eastern US, but Canada’s Cogeco declined to sell it the assets it sought.
Altice has struck a deal with US investment bank Morgan Stanley which will see its Portuguese unit create a nationwide wholesale business.
The French fibre sector is undergoing a spot of consolidation with the news that Altice-owned SFR is acquiring the country’s fourth largest fibre wholesaler.
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