Alphavalue/Divacons | Citing sources close to the deal, El Español reports that Telefónica (TEF) is in talks with 1&1, a subsidiary of United Internet (add, Target Price €31.3/share), for a possible purchase. The acquisition price would reportedly be between €4.5 billion and €5 billion. This move seems logical from a strategic point of view, as a possible takeover bid by Telefónica for Vodafone Spain would be complicated if a RANco…
Telefónica has announced that its subsidiary, Telefónica Infra, S.L.U., alongside Liberty Global Europe 2 Limited and InfraVia Capital Partners—acting through their fiber joint venture (nexfibre)—have reached an agreement to acquire 100% of the share capital of Substantial Topco Limited (Netomnia), the second-largest fiber operator in the United Kingdom. The transaction value (firm value) amounts to £2 billion (approximately €2.294 billion). Telefónica and Liberty Global will jointly contribute around £150 million…
Link Securities | Telefónica (TEF) and Vodafone Spain, a company wholly owned by British financial group Zegona (ZEG-GB), have obtained the green light from the European Commission (EC) for the French financial group AXA (CS-FR) to acquire a stake in Fiberpass, the wholesale fibre optic company (fiberco) created from the networks and broadband customers of the two operators, according to Expansión newspaper. In fact, the European Commission stated in a…
Banc Sabadell | The European Council has agreed to ask the European Commission to change the regulation on concentration in the TMT sector to facilitate mergers, which are necessary to boost innovation and investment in infrastructure. We note that the EC is in the process of approving the Digital Networks Act, although the draft disappointed the sector, as the measures envisaged to facilitate concentration are not forceful. Assessment: This is…
Four days after finalizing its definitive exit from Colombia for nearly 200 million euros, Telefónica has sold 100% of Telefónica Chile’s share capital to the investment firm NJJ—the investment vehicle of entrepreneur Xavier Niel—and the telecommunications operator Millicom. The transaction is valued at $1.215 billion (€1.03 billion), with an additional payment of $150 million (€126 million at the current exchange rate) contingent upon specific events within the Chilean telecommunications sector….
Alphavalue/Divacons | A total of 213 employees have voluntarily accepted the redundancy plan at Movistar Plus +, and all applicants will leave the company, according to union sources. The deadline closed on Friday and the figure was within the expected range (between 175 and 242 departures). In the other companies affected by the redundancy plan, the minimum agreed departures have not yet been covered by volunteers and follow-up meetings between…
Telefónica has finalized the sale of its Colombian subsidiary to Millicom for $214 million (approximately €182 million at current exchange rates). Additionally, the operation will result in a reduction of its net financial debt by approximately €1.55 billion, as reported to the National Securities Market Commission (CNMV) on Thursday night. Having obtained the relevant regulatory approvals and met the established conditions, the company has transferred its entire 67.5% stake in…
Bankinter | For the purchase, VMO2, 50% owned by Telefónica, has created a fibre joint venture, Nexfibre, with InfraVia Capital. With three million households, Netomnia is the fourth largest broadband network in the United Kingdom. The combined network will cover eight million households with fibre and give VMO2 access to some 20 million installations, compared to the 30 million households covered by BT’s fibre subsidiary, Openreach (21 million with fibre…
Renta 4 | According to the FT, VMED O2 is preparing a bid alongside private equity fund InfraVía Capital to buy Netomnia, the fourth largest broadband operator in the United Kingdom. The bid is valued at around £2 billion (around €2.3 billion). Netomnia has a fibre network covering three million homes, which would be added to VMED O2’s Nextfibre network, bringing the total to around 21 million homes. This operation…
Link Securities | The company becomes Siemens’ (SIE-DE) first partner to provide 5G and IoT technology to industry through its Siemens Xcelerator initiative, a technology solutions platform that offers the world’s most advanced ecosystem of products, solutions and services for the industrial sector, with a special focus on infrastructure and logistics transport, according to the digital portal Bolsamania.com. Siemens Xcelerator is a technology platform that facilitates collaboration and drives open…