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Stock Market & Financial Investment News

News Breaks
June 11, 2014
07:26 EDTSBAC, CCI, TSU, AMTBR Towers joins Brazilian firms in $4B tower sale increase, Bloomberg says
Brazilian companies are approaching U.S. tower operators to solicit offers for more than $4B in wireless assets being sold in three different auction processes, according to Bloomberg, citing people with knowledge of the pending transactions. BR Towers, Grupo TorreSur and Tim Participacoes (TSU) are all looking to divest towers in separate agreements valued at more than $1B each. BR Towers is pitching the sale of its assets to American Tower (AMT), Crown Castle (CCI), and SBA Communications (SBAC). Reference Link
News For AMT;CCI;SBAC;TSU From The Last 14 Days
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December 10, 2014
15:19 EDTTSUTelefonica, Oi, Claro to offer $15B for Tim Participacoes, Bloomberg says
Telefonica (TEF), Oi SA (OIBR), and America Movil (AMX, AMOV) owned Claro plan to team up on a takeover bid for Tim Participacoes (TSU) that would value it at about $15B, said Bloomberg, citing people with knowledge of the matter. Telecom Italia (TI), which owns 67% of Brazilís Tim Participacoes, believes Tim should be valued at about $25B or more, including debt, according to a person familiar with the matter, the report noted. Shares of Tim trading in New York are up about 6.6% to $23.69 in afternoon trading after rising as high as $26.54 immediately following the headlines from Bloomberg's report. Reference Link
13:46 EDTTSUTim Participacoes jumps 10.7% to $24.59 after report of Telefonica-Oi offer
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13:45 EDTTSUTelefonica, Oi, Claro to offer $15B for Tim Participacoes, Bloomberg reports
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10:00 EDTCCIOn The Fly: Analyst Downgrade Summary
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08:00 EDTCCICrown Castle downgraded to Perform from Outperform at Oppenheimer
Oppenheimer downgraded Crown Castle as the firm expects the company to be negatively impacted by more disciplined capex spending by the carriers.
07:53 EDTAMTUBS to hold a conference
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