Telecom Italia becomes latest to cash in on tower popularity
Telecom Italia (TIM) has announced it has sold stakes in mobile tower group INWIT to French private equity firm Ardian and Canson Capital Partners, collecting €1.6 billion in the process.
Telecom Italia (TIM) has announced it has sold stakes in mobile tower group INWIT to French private equity firm Ardian and Canson Capital Partners, collecting €1.6 billion in the process.
Brazilian converged telco Oi has said it will be moving forward with the sale of its mobile business unit, listening to offers which exceed 15 billion Brazilian Real ($2.8 billion).
Whether it’s important, depressing or just entertaining, the telecoms industry is always one which attracts attention.
Ericsson is allegedly under pressure from activist investors to sell OSS/BSS business unit Iconectiv, a deal which could be worth more than $1.5 billion.
In what could be interpreted as an attempt to protect the Japanese conglomerate from the impact of COVID-19, Softbank has announced it will sell assets to the value of JPY4.5 trillion ($41 billion).
Iliad has confirmed the sale of its tower businesses in France and Italy to European infrastructure giant Cellnex.
Telecoms disruptor Reliance Jio has been forced to sell its tower assets to Brookfield Infrastructure Partners for approximately $3.55 billion.
Some might suggest this is a knee-jerk reaction to the intentions of an activist investor, though the vulture fund should not be able to claim credit for this one.
Elliott Management, the activist investor which steamrolled into the AT&T business, has reportedly called for the replacement of CEO Randall Stephenson.
Activist investor Elliott Management has set its eyes on AT&T, suggesting the firm is bloated and undervalued, with ambitions to cut staff, clear out the leadership team and sell-off non-core assets.
The technology industry has often been a political punching bag over the last 18-24 months, and now the Federal Trade Commission (FTC) is adding to the misery.
There are good acquisitions and bad acquisitions, and then there was the prolonged saga with Verizon acquiring Yahoo’s media assets.
A filing with the Shanghai Stock Exchange has revealed Huawei will be selling its marine cabling business, the first divestment since relationships turned sour with the White House.
Vodafone has announced the sale of its New Zealand arm and a cut to the dividend as the firm searches for spreadsheet breathing room amid the Liberty Global acquisition, annual loss and spectrum auctions.
The Verizon mission to conquer the content world has been anything but a smooth ride to date, and now it is reportedly searching for a buyer for Tumblr.
Most Norwegians we’ve met to date have been nice, relatively laid back people, but the execs at Telenor have seemingly been pushed to breaking point, resulting in the divestment of Veon.
Ericsson has reportedly hired Morgan Stanley and Goldman Sachs in an effort to get rid of its draining media business units.
Read the latest @telecoms #whitepaper sponsored by @devoloUK to learn how broadband operators & ISPs can go beyond hhttps://t.co/bH8ZCbvzBc
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