Broadcasting And Mobile Towers - Analysys Mason

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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?
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Broadcasting and mobile towers: key
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3Briefing agendaMarco Cordoni: Towe
Page 5 and 6:
Market demand for towersThe demand
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Drivers of demand for sites • Tec
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Drivers of demand for sites • Reg
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Supply of towersBesides self-build,
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Supply of towers • CommercialAn M
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Supply of towers • RegulatoryTowe
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Supply of towersComplexities of neg
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19ContentsMarco Cordoni: Tower mark
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% of sites% of sites% of MTN sites%
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Tenancy ratio for tower companiesEs
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USD per year (thousands)African Tow
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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
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