BT在最后关头收购脱离破产管理的英国宽带运营商Talk Talk，可能会挽救150万宽带客户，但却使欠款近15亿英镑的债权人们几乎无法收回任何款项。两名熟悉该事务的消息人士表示，BT的报价将使大多数贷款人一无所获，而美国私募股权公司Ares Management则有望获得超过1亿英镑。资本结构中处于下游的债权人们 unlikely to recover，as BT’s deal fails to cover even the most secure of Talk Talk’s bonds. The move grants BT control of the debt-free business and an additional 1.5mn UK broadband customers, though it anticipates a £400mn hit to its cash position this financial year. BT CEO Allison Kirkby met UK government officials last week to address competition concerns, prompting Culture Secretary Lisa Nandy to invoke a public interest intervention notice to assess impacts on public health, critical infrastructure, and vulnerable customers.
Rival Virgin Media O2 criticised the deal as a “stitch-up masked as a rescue deal in the public interest.” The acquisition comes amid a broader M&A surge, with over $40bn in Q4 deals across industrials, trucking, and telecoms, led by Schneider Electric’s $23.7bn buy of PT C.
来源: Financial Times Companies · 由HeadlinesBriefing整理摘要