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Tag: bln
KKR offers EUR 1.8 bln for stake in TIM's last-mile network - report
2020-07-30 10:39:00| Telecompaper Headlines
(Telecompaper) US private equity fund KKR has tabled a binding offer to acquire a minority stake in Telecom Italia's landline (copper and fibre) network, according to two unnamed sources cited by Reuters. KKR has been in exclusive talks with Telecom Italia (TIM) since February and has reportedly offered EUR 1.8 billion for a 38 percent stake in the FiberCop newco set up by the former incumbent for its last-mile network.
Tags: report
network
offers
eur
Altice USA to sell just under half of enterprise unit Lightpath for USD 2.3 bln cash
2020-07-29 09:03:00| Telecompaper Headlines
(Telecompaper) Altice USA has agreed to sell just under half of its Lightpath fibre enterprise business to Morgan Stanley Infrastructure Partners, in a deal that implies an enterprise value of USD 3.2 billion. The transaction is expected to close in the fourth quarter.
Spanish govt launches EUR 140 bln 'Spain Digital 2025' plan
2020-07-24 11:48:00| Telecompaper Headlines
(Telecompaper) Spain's prime minister Pedro Sanchez has announced the launch of an ambitious new drive to bring internet at speeds of at least 100Mbps to 100 percent of the Spanish population over the next 5 years. The "Spain Digital 2025" plan encompasses 48 measures grouped into 10 key goals and will cost EUR 140 billion, the first EUR 70 billion of which will be spent over the next 3 years followed by the remaining half in 2024-25.
Tags: plan
digital
eur
spanish
Cellnex in EUR 4 bln capital hike to fund 'up to EUR 11 bln' of new acquisitions
2020-07-23 09:12:00| Telecompaper Headlines
(Telecompaper) Spanish operator Cellnex Telecom said its board of directors agreed to execute a new capital increase amounting to EUR 4 billion at the company's recent general shareholders' meeting. In a statement to Spain's securities market regulator CNMV, the Spanish operator confirmed that the proceeds from the capital hike will be used to bolster the company's own resources in order to undertake new expansions of its European infrastructure portfolio.
Ebay agrees USD 9.2 bln cash and shares deal to sell classified ads to Schibsted's Adevinta
2020-07-21 13:40:00| Telecompaper Headlines
(Telecompaper) Global online marketplace eBay said it has agreed to sell its classified advertising operations to Adevinta, the company spun off by Norway's Schibsted in 2019. The combined group will have positions in 20 markets, covering 1 billion people with 3 billion monthly visits. eBay said the USD 9.2 billion cash and stock deal will make eBay the largest shareholder of Adevinta.
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