Showing posts with label Liberia. Show all posts
Showing posts with label Liberia. Show all posts

Wednesday, May 9, 2018

Vodafone to acquire Liberty Global operations for $22.7 billion

Vodafone agreed to acquire Liberty Global's operations in Germany, Hungary, Romania and the Czech Republic in a deal valued at approximately €19.0 billion ($22.7 billion). The combination is also notable for bringing together mobile infrastructure with cable operations.

Vodafone said the acquisition accelerates its convergence story and strengthens its position as a leading next generation infrastructure owner in Europe. After the merger is complete, Vodafone will have 54 million cable/fibre homes ‘on-net’ and a total NGN reach of 110 million homes and businesses, including wholesale arrangements.

In Germany, the combination of Vodafone and Unitymedia’s non-overlapping regional operations will establish a strong second national provider of digital infrastructure in the German market. The ambition is to bring Gigabit connections to around 25 million German homes (62% of total German households) by 2022.

In eastern Europe, the Liberty Global properties will complement Vodafone’s existing mobile operations in the Czech Republic, Hungary and Romania. In these markets, the combined businesses will reach over 6.4 million homes (39% of total households) and will serve 15.8 million
mobile, 1.8 million broadband, and 2.1 million TV customers.

Liberty Global said these four businesses represent approximately 28% of its consolidated 2017 operating cash flow (OCF), not including its 50% share of OCF from the VodafoneZiggo joint venture in the Netherlands. After completion of the transaction, Liberty Global will continue to be Europe’s leading cable television and broadband provider, with consolidated operations in the United Kingdom, Ireland, Belgium, Switzerland, Poland
and Slovakia. Together, these country operations reach 24 million homes, account for 26 million video, broadband and fixed-line telephony subscribers

The sale price represents a total enterprise value for all four businesses combined of 11.5 times 2017 adjusted Segment OCF, or approximately 24.0 times 2017 operating free cash flow (“OFCF”), with an implied adjusted Segment OCF multiple for Liberty Global’s German operation of 12.0 times.

"This transaction will create the first truly converged pan-European champion of competition. It represents a step change in Europe’s transition to a Gigabit Society and a transformative combination for Vodafone that will generate significant value for shareholders. We are committed to accelerating and deepening investment in next generation mobile and fixed networks, building on Vodafone’s track record of ensuring that customers benefit from the choice of a strong and sustainable challenger to dominant incumbent operators. Vodafone will become Europe’s leading next generation network owner, serving the largest number of mobile customers and households across the EU.”

Tuesday, May 23, 2017

Orange launches brand in Liberia following acquisition of Cellcom

France-based global telco Orange announced the launch of its brand in Liberia in West Africa, so that effective immediately, Cellcom Liberia becomes Orange Liberia, expanding the group's presence in the region.

The re-branding follows the acquisition by Orange of the Liberian operator Cellcom, which was implemented through its subsidiary Orange Côte d’Ivoire and completed in early April 2016.

Orange noted that, in line with its Essentials2020 strategic program, it is focused on building up its presence in the West Africa region as a strategic priority for the group's development, based on the anticipated significant growth potential the region offers.

Following the re-branding, Orange Liberia becomes part of a major international telecoms group. Orange noted that it will provide marketing expertise and technical capabilities to help strengthen the operator's established network and enhance customer service in Liberia.

Orange Liberia served more than 1.6 million customers as of the end of February 2017, making it the leading mobile operator in the country in terms of subscribers. Founded in 2004, the mobile operator was the first in Liberia to launch 3G (HSPA+) services in 2012, followed by the launch of 4G LTE services in 2016. Orange plans to continue to invest in the development of its network to bolster the operator's position as market leader.

Orange noted that, with a population of 4.6 million and a relatively low mobile penetration rate of 70% of the population, Liberia offers growth potential. To support this development, the Orange intends to enhance the quality of access by investing in network expansion. Specifically, it added 39 sites in 2016 and plans to add a further 65 sites in 2017 as part of efforts to accelerate broadband deployment and expand 4G penetration across the country.

In addition, the company aims to enhance Internet quality in Liberia by providing access to Orange Group's submarine and international cable networks in the region. This will provide Orange Liberia with access to two additional connection points, in Abidjan and Paris, that are expected to increase network capacity four-fold.

Orange has a present in 21 countries across Africa and the Middle East, where it serves a total of over 120 million customers. Orange Money, the company's money transfer and mobile financial services offering, is available in 17 countries with more than 31 million customers.

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