Reports from Reuters suggest that Saudi Arabia\u2019s STC group is contemplating a significant move in the European telecom market by considering the acquisition of United Group, a prominent player in both telecommunications and pay-TV sectors. Citing three anonymous sources familiar with the discussions, the potential takeover could mark a substantial shift in the industry landscape. <\/p>\n
United Group, currently owned by BC Partners since its acquisition from KKR in 2019, is reportedly in the initial stages of a sale process, with advisors gearing up to initiate proceedings in the coming weeks. Should the deal materialize, sources indicate that United Group might undergo division into two distinct regions, a strategic move aimed at maximizing value through separate regional deals. <\/p>\n
However, it\u2019s emphasized that discussions are still in their infancy and there\u2019s no guarantee of a successful outcome. This potential acquisition by STC follows a recent trend of Middle Eastern telecom companies eyeing European expansion opportunities. Just last month, rumors circulated regarding Abu Dhabi-based operator group e& expressing interest in acquiring United Group, although no deal has been finalized yet. <\/p>\n
For STC, expanding into Europe aligns with its growth strategy. In April the previous year, the company made its inaugural European foray through its subsidiary TAWAL, clinching a deal worth \u20ac1.2 billion to acquire United Group\u2019s telecommunications tower assets. STC Group CEO Olayan Alwetaid expressed enthusiasm about the agreement, hailing it as a significant milestone in the company\u2019s international expansion strategy. <\/p>\n
This move into Europe was followed by STC\u2019s acquisition of a 9.9% stake in Telef\u00f3nica last September. Telef\u00f3nica boasts operations in key European markets such as Spain, Germany, and the UK, further solidifying STC\u2019s presence in the region. <\/p>\n
As STC Group mulls over the potential takeover of United Group, the telecom industry eagerly awaits further developments, anticipating the implications of such a significant move on the European market landscape.<\/p>\n","protected":false},"excerpt":{"rendered":"
Reports from Reuters suggest that Saudi Arabia\u2019s STC group is contemplating a significant move in the European telecom market by considering the acquisition of United Group, a prominent player in both telecommunications and pay-TV sectors. Citing three anonymous sources familiar with the discussions, the potential takeover could mark a substantial shift in the industry landscape. United Group, currently owned by BC Partners since its acquisition from KKR in 2019, is reportedly in the initial stages of a sale process, with advisors gearing up to initiate proceedings in the coming weeks. Should the deal materialize, sources indicate that United Group might […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-819263","post","type-post","status-publish","format-standard","hentry","category-telecom"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/819263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=819263"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/819263\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=819263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=819263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=819263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}