Liberty Global said it has a reached a deal to sell 100% of its operations in Poland to French telecoms firm Iliad's Polish mobile subsidiary Play for a total enterprise value of $1.8 billion.
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LONDON/MADRID (Reuters) - Britain’s competition regulator cleared a $44 billion merger between broadband company Virgin Media and Telefonica’s UK mobile network O2 on Thursday, after a months-long review.
FILE PHOTO: A man walks past an O2 phone store in Manchester, Britain March 7, 2016. REUTERS/Phil Noble
Virgin owner Liberty Global and Spain’s Telefonica, who agreed a year ago to forge a broadband and mobile powerhouse to challenge market leader BT, hailed the decision as “a watershed moment in the history of telecommunications in the UK”.
“We are reassured that competition amongst mobile communications providers will remain strong and it is therefore unlikely that the merger would lead to higher prices or lower quality services,” Martin Coleman of Britain’s Competition and Markets Authority (CMA) said.
By Reuters Staff
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ZURICH, May 14 (Reuters) - Swisscom reported a large outage issue affecting internet access for some customers in Switzerland on Friday.
Its website referred to a “major malfuntion” that it was working to remedy, giving no estimated time for restoration of full service.
Rival Sunrise also reported an internet outage for some customers.
Reporting by Michael Shields; editing by Jason Neely
By Reuters Staff
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STOCKHOLM, March 3 (Reuters) - Telecom towers have become the target of several big deals as Spain’s Cellnex and U.S.-based American Tower Corp race to increase their European footprint, eyeing the roll-out of next-generation 5G technology.
Cellnex’s rapid expansion will give the company more than 100,000 tower sites in its portfolio, compared with about 82,000 towers for Vantage, which was spun out of Vodafone Group .
American Tower, which has nearly 200,000 towers globally, has a quarter of that number in Europe, and about 170,000 towers are still owned by mobile network operators.
Here are some of the tower-related announcements since 2020:
By Reuters Staff
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(Reuters) - U.S. cable service provider Cable One Inc said on Monday it would buy the remaining stake in regional telecom firm Hargray Communications that it does not already own, in a deal valued at $2.2 billion.
Cable One said the deal would help the company expand its presence into the Southeastern U.S. markets. The company previously owned a near 15% stake in Hargray, which provides telecommunications services in South Carolina, Georgia, Alabama and Florida.
The deal is expected to close in the second quarter of this year and would realise about $45 million in estimated annual cost savings within three years of close, the companies said.