Advanced Television

M&A

Deutsche Telekom closes tower unit sale

Deutsche Telekom has confirmed the completion of the partial sale of its tower business in Germany and Austria, which is combined in the GD Towers unit. The Group had announced in July 2022 that it would sell 51 per cent of GD Towers to DigitalBridge and Brookfield. With the closing of the transaction, Deutsche Telekom […]

February 2, 2023By Colin Mann

Telenor Fiber completes sale of 30% to KKR

Telenor has closed the transaction to divest 30 per cent of Telenor Fiber in Norway to a consortium led by KKR, investing through its Core Infrastructure strategy, with Oslo Pensjonsforsikring as co-investor. The agreed sales price is based on an enterprise value of NOK 36.1 billion (€3.3bn) for the Norwegian fibre business which had a […]

February 1, 2023

Paramount+, Showtime to merge in US

Paramount has announced that its Showtime brand is set to be merged with Paramount+. In the US, the streaming and linear platforms will now be rebranded as ‘Paramount+ With Showtime’. Later this year the Showtime streaming service will cease operations. In a memo to staff, Paramount Global CEO Bob Bakish said: “With Showtime’s content integrated […]

January 31, 2023

Rogers, Shaw, Quebecor extend proposed transactions date

Rogers Communications, Shaw Communications, the Shaw Family Living Trust, and Quebecor have announced an agreement to extend the outside date of the proposed merger of Rogers and Shaw and the acquisition of Freedom Mobile by Videotron, a wholly-owned subsidiary of Quebecor, to February 17th. All parties say they remain committed to the pro-competitive transactions, which […]

January 31, 2023

Vodefone Hungary sale completed

The acquisition of Vodafone Hungary Telecommunications has now been completed upon payment of the purchase price. According to the sale and purchase agreement signed on January 8th, 4iG, the telecommunications and IT group, has acquired 51 per cent and the Hungarian State has acquired 49 per cent indirect influence in the second largest telecommunications company […]

January 31, 2023

RTL Nederland, Talpa merger quashed

The Dutch competition authority ACM has informed RTL Group and Talpa Network that the authority will not approve the proposed merger of RTL Nederland and Talpa Network, initially announced on June 22nd, 2021. Since the initial announcement of the planned transaction, RTL Group and Talpa Network say they have fully cooperated with ACM during its […]

January 30, 2023By Colin Mann

Millicom confirms takeover talks

As a response to market speculation, the Board of Directors of Latin America multiplay operator Millicom International Cellular S.A. has confirmed that a potential acquisition of all outstanding shares in the company is being discussed with Apollo Global Management and Claure Group. “There is no certainty that a transaction will materialise nor as to the […]

January 27, 2023By Colin Mann

Murdoch backs down on News Corp, Fox merger

News Corporation has announced that the Company’s Board of Directors received a letter from Rupert Murdoch withdrawing the proposal to explore a potential combination of News Corp and Fox Corporation. Fox was spun off after the 2017 Disney acquisition of Murdoch’s 21st Century Fox. In withdrawing the proposal, Murdoch indicated that he and Lachlan K. […]

January 25, 2023By Colin Mann

Hispasat buys stake in reforestation company

Spanish satellite operator Hispasat, now majority owned by infrastructure business Restel, has bought a 10.85 per cent stake in Grupo Sylvestris, a reforestation initiative backed by the Repsol Foundation. Its ‘Green Engine’ scheme, with Hispasat’s involvement, was agreed last year and now confirmed by lawyers acting for Hispasat. Hispasat and Repsol have an agreement to […]

January 25, 2023By Chris Forrester

American Tower mulls Cellnex bid

US wireless communications infrastructure provider American Tower (ATC) is reported to be considering growing its presence in Europe, with Spanish business daily Okdiario suggesting that company is considering a takeover bid for Spanish broadcast and telecoms infrastructure provider Cellnex Telecom, in partnership with venture capital fund Brookfield. ATC acquired the tower division of Telefónica’s Telxius […]

January 24, 2023By Colin Mann