European Telcos Spin off Infrastructure to Fund New Investments

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Telecom operators across Europe are increasingly divesting their infrastructure assets to capitalise on high valuations of mobile tower businesses and raise funds for new investments, according to news provider TMT Finance.

Europe’s biggest telecom operators are involved in selling or spinning off billions of Euros worth of infrastructure assets in Europe this year according to industry news provider TMT Finance. Telefonica, Telecom Italia, Turkcell and VimpelCom are among those looking to raise capital and tap into relatively high valuations of mobile towers.

“The high valuations are one explanation but [the sales] are also a way for telcos to raise capital to develop and upgrade other infrastructure,” commented Alain Rauscher, CEO and founder of Antin Infrastructures Partners. “Telecom operators face a massive requirement for investment over the next couple of years to support further development of fixed and mobile technology and services.”

Senior executives from leading telecom, media and technology companies, private equity investors, investment bankers and advisers from across the continent will meet to discuss the latest opportunities and strategies at the annual TMT M&A Forum 2016 in London on April 14, 2016.

Over 70 speakers and 350 delegates are expected this year as merger and acquisition activity in telecoms, media and technology accelerates driven by consolidation and convergence.

Mobile Infrastructure M&A is a key topic for debate say organisers with C-level executives from Telefonica, Liberty Global, Iliad, VimpelCom, Mediaset, Vodafone and Telenor among those represented on the programme. Investors and bankers including Providence, Goldman Sachs, Citi, JP Morgan, Arcus Infrastructure, BNP Paribas and Jefferies International will also participate.

“Telcos are seeking to monetise tower assets due to attractive valuations and various operators are said to be looking at following this structure in Europe at the moment,” a senior banker said. “This has been going on for some time in Africa, and consolidation between towercos is starting to take off in those markets.”

Other key sessions at the event include TMT Leadership, Media and Convergence, Enterprise Cloud, Telecom M&A Strategies, M2M and Internet of Things, Datacentres, and Financing TMT M&A.

Participating companies announced also include Google, Sigfox, ARM, Microsoft, BT, SixDegrees Group, Gamma, Societe Generale, Accenture, ING, eBay, TalkTalk, Alix Partners, Linklaters, Investment42, Credit Agricole, COMREG and Drooms.

For more information, go to the event website.

TMT Finance is the leading news and events provider for telecom, media and tech executives active in mergers and acquisitions, financing strategy and investment globally.

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Ben Nice
TMT Finance
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