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Spanish govt approves EUR 150 mln FTTH funding for digital divide areas

2020-07-01 09:34:00| Telecompaper Headlines

(Telecompaper) Spain's council of ministers has approved a plan to allocate EUR 150 million in funding this year to bring high-speed FTTH to underserved areas. Under the PEBA-NGA programme, the government intends to increase superfast broadband coverage at speeds of between 300 Mbps and 1 Gbps to 91.24 percent of the Spanish population and 75.29 percent of rural areas by the end of 2021.

Tags: digital areas eur spanish


TIM sells Inwit stakes to Ardian and Canson for EUR 1.6 bln

2020-06-25 08:59:00| Telecompaper Headlines

(Telecompaper) Telecom Italia (TIM) has announced the sale of direct and indirect stakes in mobile towers group Inwit to a consortium led by French private equity firm Ardian, confirming earlier reports. Under the deal, TIM said the Ardian consortium is acquiring 49 percent of a newly-formed holding company where it plans to transfer a 30.2 percent Inwit stake. TIM has also agreed to sell an up to 3 percent direct Inwit stake to a vehicle managed by Canson Capital Partners, meaning the operator will cash in a total of EUR 1.6 billion from the transactions.

Tags: eur tim sells stakes


Technicolor reaches preliminary agreement on EUR 420 mln financing plan

2020-06-23 13:06:00| Telecompaper Headlines

(Telecompaper) Technicolor announced details of a restructuring plan agreement which, if approved, would provide the company with new financing of EUR 420 million from a number of lenders, including Bain, Alcentra and BpiFrance. The proposal depends on a major debt equitization exercise worth up to EUR 660 million, which needs to be endorsed at an extraordinary general meeting scheduled on 20 July.

Tags: plan eur agreement financing


Telefonica Deutschland sells mobile infrastructure to Telxius for EUR 1.5 bln

2020-06-09 09:36:00| Telecompaper Headlines

(Telecompaper) Telefonica Deutschland said it has finalised a deal to sell its passive infrastructure of around 10,100 mobile sites to Telxius for EUR 1.5 billion. The assets include 10,000 rooftop sites and up to 80 tower sites, while the active radio technology remains in the hands of Telefonica Deutschland and will continue to be used to operate the mobile network. 

Tags: mobile eur deutschland infrastructure


Jio Platforms sells 1.16% stake to Abu Dhabi Investment Authority for EUR 667 mln

2020-06-08 09:11:00| Telecompaper Headlines

(Telecompaper) The Abu Dhabi Investment Authority (ADIA) has bought a stake in Jio Platforms of 1.16 percent, for INR 56.83 billion, or over EUR 667 million. The latest investment brings Jio Platforms' enterprise value to INR 5.16 trillion, the company said. 

Tags: eur investment authority platforms


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