Italy baulks at Cellnex’s €10bn Hutchison towers buy
Cellnex’s mega-deal to acquire CK Hutchison’s telecoms towers has come up against a regulatory hurdle in Italy.
Cellnex’s mega-deal to acquire CK Hutchison’s telecoms towers has come up against a regulatory hurdle in Italy.
The towers specialists are at it again. The past few days have brought news of a sizeable telecoms towers deal in Latin America, while a smaller acquisition is underway in Europe.
Indosat Ooredoo is raising money to fund network improvements in a way that has become very familiar to the telecoms space in recent years: it is selling off passive infrastructure.
Saudi Arabian operators Mobily and Zain have received the green light from the country’s telecom regulator for a plan to merge their towers assets and seek external investment.
Bharti Airtel has brokered several more towers deals that will see it sell off 2,500 towers in Africa to passive infrastructure specialist Helios Towers.
Vantage Towers started trading in Frankfurt on Thursday as planned, priced at €24.00 per share, towards the lower end of parent Vodafone’s initial price range.
Dish Network is in double figures, in that it has just inked its tenth towers deal of the year so far, this time brokering a master lease agreement with American Tower.
Vodafone will float Vantage Towers next week, raising up to €2.8 billion in the process.
Deutsche Telekom will not part with its towers assets, despite recently inking a deal of that nature in the Netherlands, but it could look to float its passive infrastructure business or seek out a partnership.
Spanish towers giant Cellnex is dropping €1.6 billion to buy Polkomtel Infrastruktura and its 7,000 Polish towers and sites.
Vodafone has finally published its intention to float document for Vantage Towers, pledging to complete the listing in Frankfurt before the end of March.
Orange is not looking to go it alone in the towers space. Quite the opposite, in fact: it is seeking a partnership with one or more fellow telcos, ideally Vodafone or Deutsche Telekom.
Orange has finally announced the creation of an independent European towers company but the new business will have fewer assets than we might have expected.
Vantage Towers is attracting new customers from outside the Vodafone group, the latest being Sigfox Germany, with which it has just inked a 500-tenancy deal.
America Movil has become the latest big-name telco to announce a plan to spin off towers with a view to maximising the value of those passive infrastructure assets.
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.
Telia has put its M&A chief in charge of a new business unit that will house its tower assets and is actively looking for investors for the entity.
Deutsche Telekom and Cellnex have combined their telecoms towers in the Netherlands in a deal that marks the latest passive infrastructure monetisation move from a major European telco.
Telefónica has agreed to sell its towers portfolio in Europe and Latin America to passive infrastructure specialist American Tower for €7.7 billion.
Vodafone will transfer its 50% stake in UK towers business Cornerstone to Vantage Towers, having brokered a deal with joint venture partner Telefonica to operate the unit as a commercial entity.
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