Advanced Television

KKR

KKR bids for Deutsche Telekom tower business

A trio of investors, KKR & Co, Global Infrastructure Partners and Stonepeak Partners, have combined to bid for a controlling stake in Deutsche Telekom’s (DT) cellular towers subsidiary, according to Bloomberg. However, they are not alone in the bidding war. A consortium of Canadian investment firm Brookfield Asset Management and Cellnex Telecom has also made […]

June 21, 2022By Chris Forrester

Italy network integration MoU signed

Further to an earlier announcement, CDP Equity (CDPE), a company wholly owned by Cassa Depositi e Prestiti (CDP), Teemco Bidco S.à.r.l., a Luxembourg company controlled by one or more funds managed by Kohlberg Kravis Roberts & Co. L.P. (KKR), Macquarie Asset Management (Macquarie), Open Fiber and TIM have entered into a non-binding Memorandum of Understanding […]

May 30, 2022

TIM talks with KKR

Telecom Italia (TIM) is starting formal talks with the KKR fund on its €10.8 billion offer. KKR made an initial approach for TIM in November 2021. TIM has now said that it would start talks with KKR while simultaneously exploring its alternative of possible merger with state-backed broadband operator Open Fiber. TIM carries €29 billion […]

March 14, 2022

KKR tables offer for Telecom Italia

Telecom Italia (TIM) has received a €10.8 billion offer from US fund KKR aimed at taking Italy’s biggest telco private. KKR’s move comes as TIM’s CEO Luigi Gubitosi finds himself under grave pressure from top investor Vivendi following two profit warnings in recent months. TIM said KKR had set an indicative price of €0.505 for […]

November 22, 2021

Colombia: KKR, Telefónica to create fibre optic network

KKR, a global investment firm, has announced an agreement with Telefónica Colombia, a subsidiary of Spanish telecom group Telefónica, to establish Colombia’s first independent nationwide open access wholesale digital infrastructure company. The new company will expand availability of ultra-fast fibre optic internet, benefitting more consumers and businesses across Colombia. As part of the agreement, KKR […]

July 19, 2021

KKR boosts ProSiebenSat.1 stake

Germany’s ProSiebenSat.1 has acquired the free-to-air domestic TV broadcast rights package of the (DFL) Bundesliga football games for the 2021-2025 seasons. Sky Deutschland won five of the seven pay-TV packages. Perhaps coincidentally, private equity giant KKR increased its stake in ProSiebenSat.1 and now holds 6.61 per cent. Earlier KKR acquired a 5.21 percent stake as […]

June 25, 2020

MásMóvil agrees €3bn private equity bid

Investment houses KKR, Cinven and Providence have made an agreed €2.96bn bid for Spanish multiplay telco MásMóvil, representing the first such European buy-out attempt by private equity firms since the onset of  the Coronavirus crisis. According to the three PE companies, holders of 29.56 per cent of MásMóvil’s stock had already agreed to sell for […]

June 1, 2020By Colin Mann