Vodafone has reportedly chosen Evercore to advise it on selling its fixed network in Spain.
According to Cinco Dias, the process is still at an embryonic phase, with the company having in recent weeks called on the main investment banks operating in Spain to submit proposals on the steps it should take. In the end, it chose Evercore rather than Morgan Stanley.
Cinco Dias adds that Vodafone had a wide range of alternatives, including the sale of infrastructure assets, finding potential partners or even exiting the Spanish market. In the end, it decided to entrust Evercore with the sale of a majority or minority stake in its fixed network.
Although some sources believe this could be worth up to €4 billion, others feel it is lower, given the HFC technology inherited by Vodafone when it acquired the cable operator Ono. S
Significantly, other operators in Spain – Telefónica and MásMóvil – have previously disposed of fixed networks.
Broadband TV News notes that UK is currently intensifying talks with CK Hutchison to combine its UK business with Three in the UK.
This week it was also announced that it will buy the operator Nowo in Portugal.
