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Simpel sees EBITDA growing to over EUR 30 mln in 2020
2020-08-31 08:51:00| Telecompaper Headlines
(Telecompaper) Dutch MVNO Simpel expects to grow EBITDA to over EUR 30 million this year, shareholder Jasper de Rooij said in an interview with the Financieele Dagblad. Last year the company generated EBITDA of EUR 23 million on revenues of EUR 114 million, with a staff of 23 people. Churn at the operator is less than 1 percent.
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
Liberty Latin America acquires Telefonica's Costa Rica unit for EUR 425 mln
2020-07-30 10:17:00| Telecompaper Headlines
(Telecompaper) Telefonica has announced an agreement to sell its mobile telecommunications assets in Costa Rica to Liberty Latin America for a total of USD 500 million (EUR 425 million), a multiple of around 7.4 times the unit's 2019 OIBDA. The transaction comes just 3 months after Millicom pulled out of a deal to acquire the unit for USD 570 million, paving the way for legal action from the Spanish operator. Last November Telefonica announced the "operational spin-off" of its remaining Latin American units as part of a restructuring plan to modulate its exposure to the region and focus on its core markets of Spain, the UK, Germany and Brazil.
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.
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