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Vodafone to create European towers company

2019-07-26 09:27:00| Telecompaper Headlines

(Telecompaper) Vodafone announced plans to spin off its tower assets into a new company. The aim is to monetise the assets, either through an IPO or selling a stake to investors, in order to raise money for reducing debt.

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Vodafone to create Europe's largest Towers company

2019-07-26 02:00:00| Total Telecom industry news

Vodafone is to create a new company to manage its portfolio of 61,700 telecoms towers, which will be operational by May 2020, according to a company statement. TowerCo, as the new company will be known, will take over the management of Europe's largest telecoms tower portfolio of 61…read more on TotalTele.com »

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Vodafone and O2 agree 5G network sharing deal in the UK

2019-07-24 02:00:00| Total Telecom industry news

Vodafone and O2 have announced plans to share a range of 5G network architecture, including radio antennas, base stations and joint network sites across the UK. The UK's second and third biggest mobile network operators say that the deal will dramatically reduce the cost of their respective 5G deployments…read more on TotalTele.com »

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Last week in telecoms: Vodafone and Telenor receiving approval for takeovers, as earnings season kicks off

2019-07-22 07:05:00| Telecompaper Headlines

(Telecompaper) A number of mergers and investments, as well as Q2's first earnings reports, set the tone in the telecoms sector, last week. The winners included Turk Telekom (+5.8%), Rostelecom (+5.5%), Intelsat (+5.4%) and Altice Europe (+5.4%). That could however not prevent the Telecompaper Stock Index European Telecoms Services to end week 29 down 1.4 percent, lagging the EuropStoxx 50 (-0.5%). Several German shares were the biggest losers, including 1&1 Drillisch (-13%), United Internet (-10%) and Tele Columbus (-7.7%).

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Liberty Global Vodafone deal approved by European Commission

2019-07-18 11:30:22| Digital TV News

European Commission has announced its final approval of the sale of Liberty Globals operations in Germany, Hungary, Romania and the Czech Republic to Vodafone Group. The transaction, announced May 9, 2018, has a total enterprise value of approximately 19 billion [$21.5] billion, on a GAAP basis.

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