The Telefonica Group is one business which has been under the pressure of debt for years, though it has chipped off another sizeable chunk by selling German towers to its subsidiary Telxius.
It seems the US moneymen have a taste for Indian connectivity as General Atlantic becomes the fourth third-party firm to invest in the money-making machine which is Jio Platforms.
Vista Equity Partners has become the third-largest investor in Reliance Platforms, purchasing a 2.32% equity stake in the disruptive business for $1.5 billion.
It has been one of the most protracted merger approval processes in recent memories, but source close to the US Department of Justice believe a positive decision is on the horizon for Sprint and T-Mobile US.
The European Commission has given the all-clear for Vodafone’s €18.4 billion acquisition of Liberty Global’s cable operations in Germany, Hungary, Czech Republic and Romania.
With each week that passes, it seems to be getting more and more difficult for Sprint and T-Mobile US. Now, four State Attorney Generals have attempted to block the move.
The Australian regulator has pushed back the deadline for its decision on whether Vodafone Australia and TPG can move forward with the proposed £8.2 billion merger.
