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CK Hutchison mulling sale of USD 1 bln Italian tower portfolio - report

2018-10-15 13:56:00| Telecompaper Headlines

(Telecompaper) CK Hutchison is reviewing options for its portfolio of mobile phone towers in Italy, including a potential sale, according to unnamed sources cited by Bloomberg. The Hong Kong-based conglomerate took full control of Wind Tre earlier this year after acquiring Veon's 50 percent stake in the Italian operator for EUR 2.45 billion and is now looking to cut debt by divesting all or part of the tower assets, valued at around USD 1 billion, said the sources.

Tags: report sale italian usd

 

Millicom acquires Panama's Cable Onda for USD 1 bln

2018-10-08 08:41:00| Telecompaper Headlines

(Telecompaper) Millicom has announced an agreement to buy a controlling 80 percent stake in Panamanian cable provider Cable Onda for a cash consideration of around USD 1.002 billion. The transaction values 100 percent of Cable Onda at an enterprise value of USD 1.460 billion and, subject to customary closing conditions and consent from Cable Onda's bondholders, is expected to close by the end of 2018.

Tags: usd cable onda acquires

 
 

Italian 5G tender comes to a close with EUR 6.55 bln raised

2018-10-03 08:42:00| Telecompaper Headlines

(Telecompaper) Italy's Ministry of Economic Development announced the completion of the national 5G spectrum tender, with the total amount raised after 14 days of competitive bidding coming to EUR 6.55 billion, more than USD 4 billion over the minimum reserve price of EUR 2.5 billion. The five companies vying for spectrum in the in 694-790 MHz, 26.5-27.5 GHz and 3.6-3.8 GHz bands Telecom Italia (TIM), Wind Tre, Vodafone, Fastweb and Iliad ended up offering some 164 percent more than the value of initial bids made on 11 September, due above all to the demand for spectrum in the 3.7GHz band, available from 01 January 2019, which raised a total of EUR 4.35 billion.

Tags: close eur italian raised

 

Italian 5G tender hits EUR 5 bln, double reserve price

2018-09-26 08:35:00| Telecompaper Headlines

(Telecompaper) Italy's Ministry of Economic Development (MISE) announced that the national 5G spectrum tender has so far raised EUR 5.1 billion after 9 competitive days of bidding. The five companies vying for spectrum in the in 694-790 MHz, 26.5-27.5 GHz and 3.6-3.8 GHz bands Telecom Italia (TIM), Wind Tre, Vodafone, Fastweb and Iliad have so far bid more than double the reserve price of EUR 2.5 billion and over EUR 1 billion more than the EUR 3.95 billion raised in the 4G multi-band auction held back in 2011. Competition is particularly fierce for the 4 blocks made available in the 3.7GHz range, which have brought offers totalling EUR 2.9 billion, with the 26GHz spectrum attracting bids of EUR 164 million.

Tags: price eur double hits

 

Digital Realty buys Latin America's Ascenty for USD 2.25 bln

2018-09-24 13:37:00| Telecompaper Headlines

(Telecompaper) Digital Realty's Brazilian subsidiary Stellar Participacoes has agreed to acquire Ascenty, a Latin America data centre company from Brazil, from private equity group Great Hill Partners for USD 1.8 billion. Digital Realty will also give USD 425 million of capex to fund the completion of data centre development currently under construction and to build out additional capacity to meet near-term customer demand. That puts the total consideration for the company at USD 2.25 billion. 

Tags: digital usd latin americas

 

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