Broadcasting And Mobile Towers - Analysys Mason

More documents

Recommendations

Info

Future opportunitiesDivestment and State sales could trigger newtransactions in 2012 and beyond? [1/2]CountryFor discussion – Selected main tower companies, shareholders andpotential transaction rationaleMain broadcastingtowercoMain shareholder(s)Type of tower companyPotentialtransactionrationale?Austria ORS ORF (60%), Medicur Holding (40%) TV channel State sale?80Belgium Norkring België Telenor Telecoms operator Non-core?Croatia OIV Republic of Croatia Broadcasting towerco State sale?CzechRepublicČeskéRadiokomunikaceMacquarie Infrastructure Broadcasting towerco RecenttransactionDenmark Teracom Danmark Teracom Group (Swedish state) Broadcasting towerco State sale?Estonia Levira TDF (49%) / Estonian State (51%) Broadcasting towerco Divestment?Finland Digita TDF Broadcasting towerco Divestment?France TDF TPG Capital Broadcasting towerco Unlikely?Germany Media Broadcast TDF Broadcasting towerco Divestment?Greece Digea Mega, ANT1, Alpha, Alter, Star, m andSkaiTV channelOutsourcing?Likely?21454-482Less likely?Unlikely?
Future opportunitiesDivestment and State sales could trigger newtransactions in 2012 and beyond? [2/2]CountryFor discussion – Selected main tower companies, shareholders andpotential transaction rationaleMain broadcastingtowercoMain shareholder(s)Type of tower companyPotentialtransactionrationale?Ireland RTÉ NL RTE – Irish state TV channel State sale?Italy RAI Way RAI – Italian state TV channel State sale?ElettronicaIndustrialeMediaset TV channel Outsourcing?Netherlands Alticom Infracapital Broadcasting towerco RecenttransactionNorway Norkring Telenor Telecoms operator Non core?Portugal RTP RTP – Portuguese State TV channel State sale?SIC SIC – Impresa TV channel Outsourcing?TVI TVI – Grupo PRISA TV channel Outsourcing?Slovenia Norkring d.o.o Telenor Telecoms operator Non core?Spain Abertis La Caixa, ACS, CVC Broadcasting towerco Follow up recentchangesSweden Teracom Teracom Group (Swedish State) Broadcasting towerco State sale?UK Arqiva CPPIB (48%), Macquarie (32%) Broadcasting towerco Unlikely?81Likely?21454-482Less likely?Unlikely?
Page 1 and 2:
Broadcasting and mobile towers: key
Page 3 and 4:
3Briefing agendaMarco Cordoni: Towe
Page 5 and 6:
Market demand for towersThe demand
Page 7 and 8:
Drivers of demand for sites • Tec
Page 9 and 10:
Drivers of demand for sites • Reg
Page 11 and 12:
Supply of towersBesides self-build,
Page 13 and 14:
Supply of towers • CommercialAn M
Page 15 and 16:
Supply of towers • RegulatoryTowe
Page 17 and 18:
Supply of towersComplexities of neg
Page 19 and 20:
19ContentsMarco Cordoni: Tower mark
Page 21 and 22:
% of sites% of sites% of MTN sites%
Page 23 and 24:
Tenancy ratio for tower companiesEs
Page 25 and 26:
USD per year (thousands)African Tow
Page 27 and 28:
Pricing considerations for tower co
Page 29 and 30: 100%90%80%70%60%50%40%30%20%10%0%Co
Page 31 and 32: Valuation per Tower(USD ‘000)Optu
Page 33 and 34: 33ContentsTerry Norman: Facts and f
Page 35 and 36: Revenue per gigabyte(USD)Traffic (P
Page 37 and 38: Billions (USD)Billions (USD)The cos
Page 39 and 40: 39ContentsTerry Norman: Facts and f
Page 41 and 42: Cost savings through network sharin
Page 43 and 44: Percentage savingPercentage savingC
Page 45 and 46: Site countPercentage of poulation c
Page 55 and 56: Analysys Mason Research55We offer a
Page 57 and 58: 57Briefing agendaMarco Cordoni: Tow
Page 59 and 60: Why?Broadcasting tower investments
Page 61 and 62: Initial considerations • European
Page 69 and 70: Trends and challenges • Impact on
Page 71 and 72: Penetration as % of TV setsTrends a
Page 77 and 78: Consumption of online video vs TV (
Page 79: 79ContentsLluís Borrell: Broadcast
show all

Broadcasting And Mobile Towers - Analysys Mason

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?