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EU to object to Vodafone takeover of Unitymedia - report

2019-03-21 12:05:00| Telecompaper Headlines

(Telecompaper) The European Commission is set to block Vodafone's proposed takeover of German cable operator Unitymedia from Liberty Global due to competition concerns, two people familiar with the matter told Reuters. The Commission will soon send a statement of objections on the deal to the companies, according to the report.

Tags: report object vodafone takeover


3 Group grows FY revenues 11% thanks to Italian takeover, customer base declines

2019-03-21 10:41:00| Telecompaper Headlines

(Telecompaper) 3 Group reported higher results for 2018, helped by its takeover of full control of Italian operator Wind Tre. However, the increased competition in the Italian market from the arrival of Iliad meant a decline in 3 Group's customer base, to 51.0 million customers at the end of 2018 from 52.3 million a year earlier. 

Tags: group customer base italian


Cellnex eyeing takeover of France's TDF for EUR 3 bln - report

2019-03-21 09:34:00| Telecompaper Headlines

(Telecompaper) Spanish infrastructure operator Cellnex Telecom is planning to consolidate its leadership of the European towers market by acquiring a 60 percent controlling stake in France's TDF Infraestructure for around EUR 3 billion, according to unnamed financial sources cited by business daily Expansion. Cellnex is already present in France through its various deals with Bouygues Telecom and will be managing around 5,000 sites including new tower builds by 2022. TDF currently has a portfolio of some 13,900 sites, half of which are broadcasting towers and the rest mobile towers.

Tags: report eur frances takeover


Inmarsat receives new takeover offer from private equity funds

2019-03-20 08:43:00| Telecompaper Headlines

(Telecompaper) Inmarsat announced it's received another takeover bid, from a group of private equity and investment funds. The offer of USD 7.21 per share values the satellite company at around USD 3.3 billion and is a premium of 29 percent on its previous closing share price. 

Tags: private offer funds equity


Plantronics changes name to Poly after Polycom takeover

2019-03-18 11:42:00| Telecompaper Headlines

(Telecompaper) Plantronics announced it's changing its name to Poly, following its takeover of Polycom last year. Poly is meant to stand for 'many' and underline the breadth of endpoints offered by the company across unified communications and collaboration platforms.

Tags: poly plantronics takeover polycom


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