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.
Telecoms.com
Divestment
Oi puts $2.8bn price tag on its mobile business
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).
A look back at the biggest stories this week
Whether it’s important, depressing or just entertaining, the telecoms industry is always one which attracts attention.
Ericsson under pressure to sell Iconectiv operations – report
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.
Softbank to offload $41bn assets for share buyback programme
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 joins the tower divestment trend
Iliad has confirmed the sale of its tower businesses in France and Italy to European infrastructure giant Cellnex.
Reliance Jio offloads towers to settle Government bill
Telecoms disruptor Reliance Jio has been forced to sell its tower assets to Brookfield Infrastructure Partners for approximately $3.55 billion.
AT&T offloads Puerto Rico and the US Virgin Islands units to Liberty LATAM
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 starts calling for AT&T CEOs head – report
Elliott Management, the activist investor which steamrolled into the AT&T business, has reportedly called for the replacement of CEO Randall Stephenson.
Elliott’s vultures are circling AT&T
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.
FTC warns of break-up of big tech
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.
Verizon correcting the mistakes of yesteryear with Tumblr sale
There are good acquisitions and bad acquisitions, and then there was the prolonged saga with Verizon acquiring Yahoo’s media assets.
Huawei gets out of the subsea game
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 ditches Kiwis and cuts dividend in search of ‘financial headroom’
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.
Verizon continues quest to correct content car crash
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.
Telenor says enough is enough with troubled Veon
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 moves closer to flogging media unit
Ericsson has reportedly hired Morgan Stanley and Goldman Sachs in an effort to get rid of its draining media business units.
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