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Telecom News

TIM to begin KKR talks and Open Fiber merger

By Aiste Kryzanovske March 15, 2022

Telecom Italia (TIM) said it will begin official discussions with KKR nearly four months after the US investment firm made a non-binding offer of $11.8 billion for the business. TIM said it has invited its CEO and chairman to speak with KKR to learn more about its prospective proposal after an almost six-hour board meeting on Sunday. TIM noted in a statement that its board of directors had directed CEO PietroLabriola and chairman Salvatore Rossi to conduct formal conversations with KKR in addition to those already held by its advisers in order to maximize shareholder value in respect to other potential interested parties. The release went on to say that the goal was to get information on the financial and industrial appeal and execution of KKR’s offer, as well as to define the length and breadth of the applicable confirmatory due diligence sought by the fund prior to a…

Telecom News

KKR considering TIM takeover

By Aiste Kryzanovske November 23, 2021

The Italian telecoms operator TIM is evaluating the US investment group’s KKR expression of interest in acquiring the full capital stake of the company, a potential 11 billion euro transaction. The proposal was lodged by the US investment fund at a price of €0.505 per share, a 45.7 percent premium over the share’s closing price on Friday. TIM described KKR’s expression of interest as “friendly,” with the goal of securing approval from TIM’s board and management. Telecom Italia said its board of directors met and addressed the fund’s interest in initiating a prospective public tender, which is subject to a four-week period of due diligence and clearance from the Italian government, that has veto power over the group’s purchase. Although TIM is a private corporation, because it is considered a strategic asset for Italy, the Italian government has the right to decline any purchase that it believes would…

Market Watch

T-Mobile Surpasses 100M Postpaid Customers, Boosts Full-Year Guidance

By Kamile Bigenyte August 1, 2024

T-Mobile US reported strong Q2 2024 performance, adding over 777,000 postpaid phone customers and 406,000 home internet users. Surpassing the 100 million postpaid customer mark, the company revised its full-year guidance upwards. Despite slight churn rate increases, significant investments in fiber and prepaid services underscore T-Mobile’s growth strategy in the VoIP space.

Telco Buzz

Vodafone Sells Stake in Vantage Towers for $1.3 Billion

By Kamile Bigenyte July 24, 2024

Vodafone Group has strategically sold a 10% stake in Vantage Towers for 1.3 billion euros ($1.4 billion). This aligns with Vodafone’s targets to reduce net debt. Vantage Towers manages 84,600 tower sites, enhancing coverage with small cell systems. The divestment strengthens Vodafone’s financial health while prioritizing debt reduction over asset control.

Market Watch

TIM Set to Complete Network Sale on July 1

By Kamile Bigenyte June 26, 2024

TIM, Italy’s primary telecommunications provider, has confirmed the completion date for the sale of its networks business. In a recent stock market filing, TIM announced that the deal with private equity firm KKR will close on July 1, as planned.

Market Watch

Vodafone Nears Sale of Stake in Indus Towers Amid Strong Investor Interest

By Kamile Bigenyte June 18, 2024

UK-based telecom giant Vodafone is poised to divest its 21.5% stake in Indus Towers, according to undisclosed sources cited by Reuters. The company plans to execute the sale through block deals, involving transactions of at least 500,000 shares valued at a minimum of INR100 million ($1.2 million) per trading window.

Market Watch

STC Group Eyes European Telecom Giant United Group

By Kamile Bigenyte June 5, 2024

Reports from Reuters suggest that Saudi Arabia’s STC group is contemplating a significant move in the European telecom market by considering the acquisition of United Group, a prominent player in both telecommunications and pay-TV sectors. Citing three anonymous sources familiar with the discussions, the potential takeover could mark a substantial shift in the industry landscape.

Market Watch

Tug of War: Altice’s XpFibre Stake Sparks Interest Among Heavyweights

By Kamile Bigenyte February 13, 2024

Altice Group strategically eyes shedding its 50.1% sharing in XpFibre, triggering a ripple of interest from major players like KKR & Co., Macquarie Group, and others. While KKR & Co, Macquarie Group, and CDPQ are all reported to be keen on acquiring the stake, no financial bids have surfaced to date. Meanwhile, Altice Group’s decision to divest isn’t surprising, given its $60 billion debt, and recent considerations to sell other assets.

Telco Buzz

Vodafone’s Italian Venture: Merging, Selling or Staying Put?

By Kamile Bigenyte November 28, 2023

Vodafone’s potential sale of its Italian operations to Fastweb amid TIM’s anticipated network sales sets the scene for a transforming Italian telecom landscape. Amid these changes, Fastweb’s potential merger or acquisition of Vodafone appears rational due to current market dynamics. Nonetheless, political wrangling, rival suitors, and ever-changing regulatory landscapes act as potential roadblocks to this merging of forces. The news underlines the need for strategic shifts amongst Italy’s leading telecom operators amidst significant changes.

5G

Orange’s 5G Ambitions and Infrastructure Divestment Debate

By Aiste Kryzanovske October 26, 2023

In the recently held Network X event, Orange’s Deputy CEO shed light on their significant fiber expansion and presented an intriguing outlook on 5G’s future, hinting at its potential in achieving the 2040 CSR objectives. Discussing 5G Standalone (SA), she highlighted it as a gamechanger for B2B interactions, fueling varied possibilities. Briefly discussing their triumph at the Barcelona port project, she humbly emphasized the responsibilities that come with connected factories.