Telefónica UK and Virgin Mediapartners of the VMO2 operator, begin to receive a sign of interest in the future society specialized in infrastructure and fiber optic services in the United Kingdom. For now, Global Infrastructure Partners (GIP)of Blackrockand Canada Pension Investiment Board (CPPIB) They appear among those interested who have presented non -binding offers for 40% of the capital that will open to a third partner.
This percentage could reach a value of between 1,600 and 2,000 million pounds sterling (between 1,920 and 2,400 million euros), in order to assess the company set between 4,800 and 6,000 million euros, according to Mergermarket. Telefónica did not comment after being consulted.
In addition to the aforementioned two funds, other possible interested parties are also considered, such as the American KKR and the French infravia, although for now there is no record that they have presented non -binding offers. The specialized portal also mentions Asterion Industrial Partners, Australiansuper, EQT Infrastructure, PSP Investment and Qic I know other interested parties
The ‘Netco’ project aims to extend its fixed broad superband coverage to 16.2 million British households, as well as provide wholesale services to other operators and suppliers of Internet access services. Telefónica UK and Virgin Media have the financial advice of Barclays and Lionntree.
The telecommunications sector lives a moment of full agitation with several similar operations in Europe. Spain, where The consultant Nae He considers that there is a great challenge ahead with respect to overcrowding due to the low costs that have been deployment, he is a witness of two consolidation processes that run in parallel and involve the three main telecommunications companies.
On the one hand, Telefónica España has launched its fiber subsidiary with Vodafone Spain to open capital to a third partner in Fiberpassas the newly created company has been baptized, whose assessment is located around 2,000 million euros. The project, which has already exceeded the first phase to receive proposals in the first phase, has received the attention of Pontegadea, Axa, Antin, CDPQ and Vauban.
This new company, which will cover approximately 3.6 million real estate units and allow both parties to maximize the use of the fiber network to the home (FTTH), plans to host an investment fund in its capital, with a participation of up to 39%. The company chaired by Marc Murtra has guaranteed it to have control.
The second major process of this type is starred by Vodafone and Masorange and is of greater size (The 100% of the new company ranges between 9,000 and 10,000 million euros). This is the largest and most developed company in Europe, given that it will provide fiber services connected to home (FTTH) to more than 4.5 million customers.
The process is in a more embryonic stage, without still receiving proposals of any kind, although a calendar has been set with February 21 as the last day to send indicative offers. Different media point to the interest of KKR, Apollo, CPPIB, Blackstone, Digital Bridge or Brookfieldamong many others.
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