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.
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.
Veon, a telecommunications giant, unveiled ambitious growth plans during its Capital Markets Day, sparking optimism among investors. CEO Kaan Terzioglu emphasized the promising landscape of emerging markets where Veon operates, asserting that the company’s digital transformation has positioned it for substantial growth.
Swisscom has revealed that its Italian subsidiary, FastWeb, has sold its 4.5% stake in FiberCop to Optics BidCo, a subsidiary of KKR, for €439 million. FiberCop, formed in 2021 by Telecom Italia (TIM), KKR, and FastWeb, manages the ‘last mile’ fibre network, connecting homes to street cabinets.
AT&T has finalized the sale of its cybersecurity division, marking a pivotal moment in the company’s strategic realignment. The division has been transitioned into a new independent entity known as LevelBlue, backed by majority owner WillJam Ventures. This move sees LevelBlue emerge as a standalone managed cybersecurity services business with a global presence spanning 10 countries and boasting a workforce exceeding 1000 employees.
Europe’s telecom industry is alert as the European Union investigates competitive fairness amid KKR’s acquisition of Telecom Italia’s fixed-line network. Questions arise about the impact on market competition and the deal’s opposition by Vivendi, the largest stakeholder in Telecom Italia.
Vodafone explores potential sale of its Spanish operations as the European Commission investigates Orange Spain and MasMovil merger, impacting competition in the telecom sector. The outcome could influence Vodafone’s decision, with potential investors such as Apollo Global Management and Apax Partners being considered.
