AVN 65.16 Increased By ▲ 0.16 (0.25%)
BAFL 31.15 No Change ▼ 0.00 (0%)
BOP 4.76 Increased By ▲ 0.05 (1.06%)
CNERGY 3.92 Increased By ▲ 0.04 (1.03%)
DFML 13.53 Decreased By ▼ -0.17 (-1.24%)
DGKC 41.47 Increased By ▲ 0.20 (0.48%)
EPCL 46.40 Decreased By ▼ -0.29 (-0.62%)
FCCL 11.35 Decreased By ▼ -0.07 (-0.61%)
FFL 5.06 Increased By ▲ 0.02 (0.4%)
FLYNG 5.85 Increased By ▲ 0.03 (0.52%)
GGL 10.00 Increased By ▲ 0.05 (0.5%)
HUBC 64.86 Increased By ▲ 0.76 (1.19%)
HUMNL 5.70 Increased By ▲ 0.05 (0.88%)
KAPCO 27.98 Increased By ▲ 0.18 (0.65%)
KEL 2.17 Increased By ▲ 0.04 (1.88%)
LOTCHEM 24.60 Increased By ▲ 0.30 (1.23%)
MLCF 21.44 Increased By ▲ 0.04 (0.19%)
NETSOL 84.50 Increased By ▲ 0.30 (0.36%)
OGDC 87.88 Decreased By ▼ -0.06 (-0.07%)
PAEL 11.16 Increased By ▲ 0.26 (2.39%)
PIBTL 4.21 Increased By ▲ 0.03 (0.72%)
PPL 77.47 Decreased By ▼ -0.23 (-0.3%)
PRL 13.70 Increased By ▲ 0.08 (0.59%)
SILK 0.89 No Change ▼ 0.00 (0%)
SNGP 41.80 Decreased By ▼ -0.13 (-0.31%)
TELE 5.88 Increased By ▲ 0.01 (0.17%)
TPLP 15.77 Decreased By ▼ -0.01 (-0.06%)
TRG 111.66 Decreased By ▼ -0.64 (-0.57%)
UNITY 13.95 No Change ▼ 0.00 (0%)
WTL 1.15 Increased By ▲ 0.02 (1.77%)
BR100 4,062 Increased By 14.5 (0.36%)
BR30 14,503 Increased By 35.8 (0.25%)
KSE100 40,736 Increased By 62.5 (0.15%)
KSE30 15,241 Increased By 51 (0.34%)
Follow us

BERLIN: The telecoms infrastructure business spun out by Britain's Vodafone is ready to join the dealmaking fray in Europe but even with its existing asset base sees a decade of promising growth ahead, its CEO told Reuters.

Vantage Towers, which owns 68,000 masts across nine European countries, is eyeing a spring listing in Frankfurt that would arm CEO Vivek Badrinath with the firepower to pay for takeovers with its own shares.

In an interview, Badrinath said his primary focus would be to strengthen Vantage's position in existing markets. But the former Orange executive also acknowledged interest expressed by the French operator in possible towers cooperation.

Europe lagged the United States by 20 years in reshaping its industry to split infrastructure from mobile operators, with just 42% of its towers run by specialist companies compared to 90% in the United States.

"There is 10 years of growth ahead," Badrinath said. "So it's a good time to build, structure, strengthen and invest."

Vodafone, Europe's largest mobile player with 116 million customers, is the first big operator to float a towerco and hopes that Vantage could fetch a market valuation of more than 18 billion euros ($21.8 billion).

Because towers generate long-term revenue streams that are tied to inflation and expected to grow as new 5G networks expand, they are gaining favour as an asset class in a world of low investment returns.

Comments

Comments are closed.

Vodafone towers spinoff Vantage eyes growth, open to bigger deals

Intra-day update: rupee maintains positive momentum against US dollar

Fitch says PKR to further weaken

IMF revises GDP growth projections downward

Govt plans to convert Rs800bn PHL debt into public debt

Paracetamol: govt to allow increase in price

Former CM Parvez Elahi claims his residence raided by police

Jul-Dec: govt has borrowed $5.595bn

Country braces for fuel shortages?

Nepra FCA decision: Power Div proposes revision

KE, Discos: Nepra approves negative tariff adjustments