Because I don't.
'Oh.'
But I've got to do this.
'Boss.'
What?
'This email is dated 25th July.'
So?!
Lucky is timeless.
'I suppose.'
He is!
Hello,
Hello!
Please find attached the press release regarding the creation, by the consortium Vauban Infrastructure Partners/Crédit Agricole Assurances and the Telefónica Group, of Bluevia Fibra, S.L. ("Bluevia"), a unique platform dedicated to the commercialization and deployment of a fiber network (FTTH) in Spain, mainly in rural areas.
Wishing you a good reception.
We remain at your disposal for any further information or exchanges with the Vauban teams.
Best regards,
Estelle
Fine.
Lucky? Come on, son!
2 the consortium formed by CAA Vauban will acquire a 45% stake in Bluevia from Telefónica España through an upfront consideration of €1 021 million in cash valuing 100% of Bluevia at €2 500 million which represents an implied multiple of 27 1 xover the companys proforma estimated OIBDA for 2022 upon completion of the transaction Telefónica Group will retain a 55 % stake in Bluevia and CAA Vauban will retain the remaining 45% the 55% stake owned by Group Telefónica will be held by Telefónica España and Telefónica Infra with 30% and 25% stakes respectively as a neutral wholesale company Bluevia will manage and deploy a fibre network in low populated rural areas in Spain and low overbuild with third operators networks Bluevia will offer wholesale FTTH access to all telecommunication services providers based on an initial footprint of 3 5 million premises currently passed acquired from Telefónica España Bluevia will increase its network to 5 million premises by 2024 bringing ultrafast broadband access with a greener technology to underserved areas these 3 5 million premises to be sold to Bluevia represent 13 % of Telefónicas FTTH network in Spain whilst Telefónica España retains full ownership of the rest of the network additionally Bluevia will benefit from Telefónica Españas operational and commercial capabilities as well as from fibre network deployment with focus on the areas where Telefónica has copper clients as it has committed to switch off its retail copper network by 2024 Emilio Gayo Telefónica Spain Chairman commented We are very excited! about this project that will allow Telefonica España to remain the undisputed leader in fibre and will be a key lever to accelerate the deployment in rural areas as we continue to move forward in our commitment to shut down the copper network and to promote better connectivity in a more efficient and sustainable way Telefónica Infra CEO Guillermo Ansaldo added We are very enthusiastic! about the opportunity to partner with Crédit Agricole Assurances Vauban and form a longstanding partnership together with Telefónica Spain strengthening Telefónica Infras investment portfolio with this new venture Telefónica Infra now has FTTH vehicles in Spain Germany and Brazil together with Telefónicas operating units in each of those countries and in partnership with top tier institutions such as Crédit Agricole Assurances Vauban Allianz and CDPQ respectively Philippe Dumont CEO of Credit Agricole Assurances added We are proud! to announce this new operation which is fully in line with the long term investment and diversification strategy of Crédit Agricole Assurances a strategy which is illustrated through the financing of large scale projects in favor of the revitalization territories alongside major industrial players in the infrastructure sector this stake in Bluevia the largest Spanish fiber optic network in rural areas connecting more than 5 million households by 2024 also meets the societal commitments of the Crédit Agricole group to promote access to digital technology for as many people as possible in the regions the Bluevia activity will have a positive impact on local development and the revitalization of rural areas through the provision of a modernized telecommunications network reducing the digital gap between territories 3 Gwenola Chambon CEO and founding partner of Vauban Infrastructure Partners said We are very enthusiastic! to partner with Telefonica to create a unique FTTH platform Bluevia to connect more than 5 million premises in rural regions in Spain by 2024 this operation leverages on our strong experience in Fiber including with Credit Agricole Assurances through our Vauban Infra Fibre platform and on our deep presence in the Spanish market it is at the core of our strategy of building blue chip partnership with industrial partners such as Telefonica while helping create value for local communities and all stakeholders the transaction is subject to obtaining the corresponding authorizations from the regulatory authorities and the closing is expected by the end of 2022 about Telefónica Telefónica is one of the largest telecommunications service providers in the world the company offers fixed and mobile connectivity as well as a wide range of digital services for residential and business customers with more than 368 million customers Telefónica operates in Europe and Latin America Telefónica is a 100% listed company and its shares are traded on the Spanish Stock Market and on those in New York and Lima about Telefónica España Telefónica España is the leading telecommunications company in Spain by accesses including voice data television and internet since its inception it has always been committed to innovation and in recent years has undertaken a transformation process based on digitalization in 2021 Telefónica España invested more than 1 000 million euros in R D I in addition it is one of the leading operators in Europe in fiber deployment with a network that by the end of 2021 reached 26 9 million fiber real estate units the most extensive in Europe at the end of 2021 it had 98 2% of the population covered with 4G and 82% with the new 5G technology about Telefónica Infra Telefónica Infra a fully owned unit of Telefónica Group manages stakes in infrastructure vehicles alongside financial investors its objectives include crystallizing the value of Telefónicas infrastructure assets and know how partnering with leading financial investors to co invest in growth opportunities involving flexible partnership structures and business models Telefónica Infras investment portfolio currently comprises a 50 01% stake in Telxius a 40% stake in Unsere Grüne Glasfaser a 25% stake in FiBrasil and a 20% stake in Nabiax about Crédit Agricole Assurances Crédit Agricole Assurances Frances Largest insurance group unites Crédit Agricoles insurance subsidiaries the Group offers a range of savings retirement health personal protection and property insurance products and services they are distributed by the Crédit Agricoles banks in France and in eight other countries around the world the Crédit Agricole Assurances companies serve individuals professionals farmers and businesses Crédit Agricole Assurances has 5 300 employees its premium income at the end of 2021 amounted to EUR 37 0 billion about Vauban Infrastructure Partners Vauban Infrastructure Partners is a leading Infrastructure Asset Manager focused on the European core infrastructure investments headquartered in Paris it employs 65 professionals who have been working together for a decade Vauban is the fully fledged affiliate of Natixis Investment Managers dedicated to sustainable infrastructure equity investments Vauban targets predominantly -
Stop!
Okay. That's enough. It's too hot for this.
'Has he gone?'
No. He's on the floor. Look!
'Oh yeah.'
Give him a drink of water, Voice.
'Come on, Lucky. Sit up. It's for your own good. / I think he's dehydrated, boss.'
Well, of course he is!
Wouldn't you be ... uh, kooks?
I swear that Lucky is his own worst enemy sometimes.
Never mind.
ENDS
...
Anything else?
Music? Right. Here's a little game we can play. Think of a band or artist that has one really great song. Just one! Their other songs are probably "supporting" songs. You know, reasonably decent songs that maybe only their biggest fans care about. (They might have been hits, too. Back in the day, like.) But only one ... really great song, you dig?
Now imagine that they have ten songs as good as that one. What would their career look like?
I mean, they wrote that one song, didn't they? But they didn't write the other nine for some reason.
Do you know what I mean?
Laters.
