Latest news with #telecom
CNA
5 hours ago
- Business
- CNA
Telefonica in exclusive talks to sell its Mexican unit to Beyond ONE, sources say
LONDON :Spanish telecom giant Telefonica is in exclusive talks to sell its Mexican business to Beyond ONE, the owner of Virgin Mobile Mexico, three sources with knowledge of the negotiations said. The Spanish company has accelerated plans to reduce its exposure in Spanish-speaking Latin America, where profitability is lower than the cost of capital, and to focus instead on four main markets under new CEO Marc Murtra. Telefonica declined to comment. Dubai-based digital services provider Beyond ONE did not immediately respond to requests for comment. The sources said that a deal was not certain and asked not to be identified because the matter is confidential. The Mexican business could be worth 520 million euros ($609.28 million), according to a research note published by Kepler Chevreux in June. Beyond ONE acquired Virgin Mobile Latin America, a mobile virtual network operator (MVNO) with clients in Mexico and Colombia, in 2023 for an undisclosed amount. One of the sources said the creation of a new antitrust commission - proposed by Mexico - could delay any telecoms deal because it will create uncertainty about getting regulatory approvals. The proposed body would have power over telecoms companies. Telefonica has said it want to focus on the four core markets of Brazil, Britain, Germany and Spain, with Murtra planning to unveil a new strategy for the company in the second half of this year. It agreed to sell its Argentina unit to Telecom Argentina for $1.245 billion in February, and is working with advisors for a sale of its business in Chile and Ecuador. It also reached an agreement in May to sell its Uruguay business for $440 million to Luxembourg-based Millicom International.
Yahoo
5 hours ago
- Business
- Yahoo
Telefonica in exclusive talks to sell its Mexican unit to Beyond ONE, sources say
By Andres Gonzalez and Amy-Jo Crowley LONDON (Reuters) -Spanish telecom giant Telefonica is in exclusive talks to sell its Mexican business to Beyond ONE, the owner of Virgin Mobile Mexico, three sources with knowledge of the negotiations said. The Spanish company has accelerated plans to reduce its exposure in Spanish-speaking Latin America, where profitability is lower than the cost of capital, and to focus instead on four main markets under new CEO Marc Murtra. Telefonica declined to comment. Dubai-based digital services provider Beyond ONE did not immediately respond to requests for comment. The sources said that a deal was not certain and asked not to be identified because the matter is confidential. The Mexican business could be worth 520 million euros ($609.28 million), according to a research note published by Kepler Chevreux in June. Beyond ONE acquired Virgin Mobile Latin America, a mobile virtual network operator (MVNO) with clients in Mexico and Colombia, in 2023 for an undisclosed amount. One of the sources said the creation of a new antitrust commission - proposed by Mexico - could delay any telecoms deal because it will create uncertainty about getting regulatory approvals. The proposed body would have power over telecoms companies. Telefonica has said it want to focus on the four core markets of Brazil, Britain, Germany and Spain, with Murtra planning to unveil a new strategy for the company in the second half of this year. It agreed to sell its Argentina unit to Telecom Argentina for $1.245 billion in February, and is working with advisors for a sale of its business in Chile and Ecuador. It also reached an agreement in May to sell its Uruguay business for $440 million to Luxembourg-based Millicom International. ($1 = 0.8535 euros) Sign in to access your portfolio
Reuters
5 hours ago
- Business
- Reuters
Telefonica in exclusive talks to sell its Mexican unit to Beyond ONE, sources say
LONDON, July 25 (Reuters) - Spanish telecom giant Telefonica ( opens new tab is in exclusive talks to sell its Mexican business to Beyond ONE, the owner of Virgin Mobile Mexico, three sources with knowledge of the negotiations said. The Spanish company has accelerated plans to reduce its exposure in Spanish-speaking Latin America, where profitability is lower than the cost of capital, and to focus instead on four main markets under new CEO Marc Murtra. Telefonica declined to comment. Dubai-based digital services provider Beyond ONE did not immediately respond to requests for comment. The sources said that a deal was not certain and asked not to be identified because the matter is confidential. The Mexican business could be worth 520 million euros ($609.28 million), according to a research note published by Kepler Chevreux in June. Beyond ONE acquired Virgin Mobile Latin America, a mobile virtual network operator (MVNO) with clients in Mexico and Colombia, in 2023 for an undisclosed amount. One of the sources said the creation of a new antitrust commission - proposed by Mexico - could delay any telecoms deal because it will create uncertainty about getting regulatory approvals. The proposed body would have power over telecoms companies. Telefonica has said it want to focus on the four core markets of Brazil, Britain, Germany and Spain, with Murtra planning to unveil a new strategy for the company in the second half of this year. It agreed to sell its Argentina unit to Telecom Argentina for $1.245 billion in February, and is working with advisors for a sale of its business in Chile and Ecuador. It also reached an agreement in May to sell its Uruguay business for $440 million to Luxembourg-based Millicom International (MICC.F), opens new tab. ($1 = 0.8535 euros)
Yahoo
a day ago
- Business
- Yahoo
EU regulators to investigate if KKR provided misleading information in Telecom Italia deal
By Foo Yun Chee BRUSSELS (Reuters) -EU antitrust regulators will investigate whether U.S. investment firm KKR provided incorrect or misleading information in its 22-billion-euro ($26 billion) acquisition of Telecom Italia's (TIM) fixed-line network deal, the European Commission said on Thursday. The Commission, which acts as the competition enforcer in the 27-country bloc, approved the deal unconditionally in May last year, attributing this in part to long-term agreements between FiberCop and telecoms companies Fastweb and Iliad. FiberCop is Telecom Italia's last-mile grid unit. "Under the investigation opened today, the Commission will assess whether KKR provided incorrect or misleading information about these agreements," the EU watchdog said in a statement. The Commission has in recent years cracked down on companies providing misleading information during merger reviews and handed out hefty fines. Sign in to access your portfolio
Globe and Mail
a day ago
- Business
- Globe and Mail
Omdia Launches First Telco B2B AI Monetization Index
Telecom operators are reinventing their business-to-business services to capture new AI revenues, but their efforts will only yield $4 billion in 2025, according to Omdia's newly launched Telco B2B AI Monetization Index. This press release features multimedia. View the full release here: The state of telco B2B AI monetization The index is an independent market tool that tracks how telecom operators are capitalizing on the emerging global AI economy. Index data informs Omdia's forecast that telco B2B AI revenues will exhibit a 65% CAGR through to 2030, as telcos expand their role in providing AI infrastructure and services. Businesses and consumers are increasingly dependent on AI-enabled decisions and experiences that require high-performance, failsafe digital infrastructure. As owners and operators of this infrastructure, telecom operators are positioned as essential stakeholders in the AI ecosystem and are just beginning to monetize their unique assets and capabilities at scale. 'Telcos have a natural role to play as local and national AI services providers and strategic partners,' said Brian Washburn, Chief Analyst, Telco B2B Solutions. 'It is early days, but the index highlights that monetization opportunities for telcos in the AI economy already extend well beyond connectivity, particularly as demand for data security and sovereign services continues to grow.' The Omdia Telco B2B AI Monetization Index benchmarks four key dimensions: Infrastructure: Availability of digital assets such as fiber networks, satellites and data centers that support AI workloads. Portfolio: Range of commercial AI services, with a focus on B2B services. Ecosystem: Strength in technology and partnerships across the AI value chain. Regulation: Codification of legal and ethical frameworks for secure AI market interactions. Key findings from Omdia's wider Telco B2B AI research include: Telcos are moving beyond connectivity into hosting AI data centers and hardware. A third of global network traffic will be AI-driven in 2025, representing 10 zettabytes by year end. Telcos' current $4 billion in B2B AI revenues come from high-speed connectivity, hosted hardware and platforms, and professional services. Small and medium-sized enterprises are a common target for telcos' new AI services. Omdia's Telco B2B AI Monetization Index is published quarterly as part of the Telco B2B Solutions Intelligence Service, designed to support service providers and their partners in expanding and diversifying business-to-business revenue. Related research includes Omdia's AI network traffic reports, which track and model global and regional network traffic growth through to 2033; revenue sizing and forecasts for telco-led B2B AI services; and B2B survey insights on current and planned AI adoption. These and other Omdia Telco B2B reports are available via subscription here. Omdia, part of Informa TechTarget, Inc. (Nasdaq: TTGT), is a technology research and advisory group. Our deep knowledge of tech markets grounded in real conversations with industry leaders and hundreds of thousands of data points, make our market intelligence our clients' strategic advantage. From R&D to ROI, we identify the greatest opportunities and move the industry forward.
