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Vodafone Divests Stake In $16B Tower Business

Vodafone Divests Stake In $16B Tower Business

沃达丰剥离价值160亿美元的塔楼业务股份
Benzinga Real-time News ·  2022/11/09 06:56
  • Vodafone Group Plc (NASDAQ:VOD) agreed to sell a stake in its towers unit to KKR & Co Inc (NYSE:KKR) and Global Infrastructure Partners at a €16.2 billion ($16.3 billion) valuation.
  • The British telecommunications group announced the €32-a-share deal for Vantage Towers AG (OTC:VTAGY).
  • Vodafone will move its 81.7% holding in Vantage into a new joint venture with KKR and GIP.
  • Also Read: Private Equity Firms Are Flocking To Vodafone's Tower Unit, Valued In The Billions
  • The JV will then make a takeover offer for outstanding shares in Vantage.
  • The deal represents a premium of 19% to Vantage Towers' 3-month volume weighted average share price.
  • Saudi Arabia's Public Investment Fund helped to fund the deal, Bloomberg reports. KKR and GIP competed with various other financial and strategic bidders for Vantage, including a consortium of Spanish telecommunications group Cellnex Telecom SA (OTC:CLLNY) and Singapore's sovereign wealth fund GIC Pte.
  • The report added that the telecom operators shift the assets to help raise funds for fiber-optic rollouts and wireless upgrades.
  • Price Action: VOD shares traded lower by 2.34% at $12.08 in the premarket on the last check Wednesday.
  • Photo Via Company
  • 沃达丰集团(纳斯达克:VoD)同意将其塔楼部门的部分股权出售给KKR&Co Inc.(纽约证券交易所股票代码:KKR)和Global Infrastructure Partners的估值为162亿欧元(合163亿美元)。
  • 这家英国电信集团宣布以每股32欧元的价格收购Vantage Towers AG(场外交易:VTAGY)。
  • 沃达丰将把其在Vantage的81.7%股份转移到与KKR和GIP的一家新合资企业中。
  • 另请阅读: 私募股权公司正蜂拥至沃达丰价值数十亿美元的Tower部门
  • 然后,合资公司将对Vantage的流通股提出收购要约。
  • 这笔交易较Vantage Towers三个月成交量加权平均股价溢价19%。
  • 据彭博社报道,沙特阿拉伯的公共投资基金为这笔交易提供了资金。KKR和GIP与Vantage的其他各种财务和战略竞购者展开竞争,其中包括西班牙电信集团的一个财团CellneX电信公司(场外交易代码:CLLNY)和新加坡主权财富基金GIC Pte。
  • 报告补充说,电信运营商转移资产是为了帮助筹集光纤铺设和无线升级所需的资金。
  • 价格行动:在周三的最后一次检查中,VOD股价在盘前交易中下跌2.34%,至12.08美元。
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