Vodafone’s multi-billion-euro towers deal is all about control
Vodafone has agreed a co-control deal for its Vantage Towers business with Global Infrastructure Partners (GIP) and KKR that could bring in cash proceeds of up to €7.1 billion.
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Vantage
Vantage Towers could seal KKR deal within days
KKR has emerged as the favourite to acquire a stake in Vodafone’s towers business and could broker a deal very soon, if it gets its way, it emerged this week.
Talk of Vodafone towers deal comes quickly after Niel news
Vodafone is reportedly looking to sell a multi-billion-pound stake in its Vantage Towers business, a move that would help it reduce debt and keep shareholders off its back.
Vantage Towers aims to generate €1 billion in revenues this year
Vantage Towers aims to generate revenues of around the €1 billion mark in the current financial year, a modest increase on its pro forma turnover in full-year 2021.
Vantage Towers starts trading, Vodafone makes €2.3 billion
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.
Imminent IPO values Vantage Towers at under €15 billion
Vodafone will float Vantage Towers next week, raising up to €2.8 billion in the process.
Vantage Towers inks Sigfox deal and boosts tenancy ratio ahead of IPO
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.
Vodafone boosts Vantage’s earnings, IPO potential by adding UK towers
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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