Cellnex is considering selling its Swiss tower business, collaborating with JP Morgan for a potential €1.5 billion valuation. This move is part of Cellnex’s strategic restructuring, involving shedding non-core units to focus on essential markets.
The Court of Milan has dismissed Vivendi’s challenge to the sale of TIM’s network assets to KKR, ruling the company lacked standing. Despite this, Vivendi plans to appeal, arguing the sale should have been approved by shareholders.
Telefónica’s €550M sale of its Peruvian fiber network to KKR and Entel has stalled, thwarting plans to reduce its €26B debt. Despite regulatory approval, unmet conditions derailed the deal.
CityFibre’s recent strategic move to sell its ISP subsidiary, Lit Fibre, back to its original founders aligns with their focus on wholesale network provision. This decision reinforces CityFibre’s commitment to enhancing its robust full-fibre network.
Kyocera, a prominent player in the telecom sector, is making waves by divesting a part of its KDDI stake to strengthen financial dynamics. This strategic move is key for VoIP advancements, as Kyocera enhances its focus on core telecom offerings.
Virgin Media O2 strengthens its focus on digital innovation by selling an 8.33% stake in Cornerstone to Equitix. As the UK’s largest tower operator, this move highlights Virgin Media O2’s strategy to optimize its infrastructure investments while prioritizing future advancements in 4G and 5G development.
Proximus has sold its data centers to Datacenter United, marking a major shift in Belgian telecoms. This enhances Datacenter United’s infrastructure, while Proximus remains a client under a long-term agreement.
Vantage Towers is considering selling its Spanish telecom tower assets amid a pricing conflict with Vodafone Spain. In collaboration with Morgan Stanley, the sale could fetch €1 billion, attracting interest from firms like Cellnex and American Tower.
Cellnex is nearing the sale of its Austrian operations, with multiple offers on the table and advanced negotiations underway. This news, alongside strong first-half financial results, boosted investor confidence despite a net loss of €418 million. The sale is part of Cellnex’s strategy to divest non-core assets and focus on debt reduction and organic growth, resulting in improved revenues and reduced net debt.
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.
