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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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November 20, 2014
11:57 EDTTSUTelecom Italia to ask board for nod to explore deal in Brazil, Bloomberg says
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November 19, 2014
16:10 EDTCCICrown Castle stockholders approve subsidiary merger
Crown Castle International announced that its stockholders voted to adopt the previously announced merger agreement with its wholly owned subsidiary, Crown Castle REIT. As previously disclosed, Crown Castle commenced operating as a real estate investment trust for U.S. federal income tax purposes effective January 1 and proposes to complete the merger to ensure the effective adoption of certain charter provisions that implement REIT-related ownership limitations and transfer restrictions related to its capital stock. The merger is expected to close no later than December 31.
13:10 EDTSBAC, CCI, AMTDISH, Globalstar climb as wireless spectrum bids reportedly jump
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07:30 EDTAMTMorgan Stanley to hold a conference
European Technology, Media & Telecoms Conference is being held in Barcelona, Spain on November 19-21.
07:19 EDTCCI, SBAC, AMTSpectrum auction positive for DISH, Globalstar, says JPMorgan
JPMorgan notes the AWS-3 spectrum auction continued on Tuesday with the aggregate value of licenses with bids at $16.4B, up from Monday's $8.9B and compared to the reserve price of $10.6B that the FCC set for the entire auction. The firm views the rise in prices as negative for telecom carriers that are spending more than expected, namely AT&T (T) and Verizon (VZ), and possibly T-Mobile (TMUS) and US Cellular. It views the prices as positive for independent spectrum owners like DISH (DISH) and Globalstar (GSAT), as well as tower companies American Tower (AMT), SBA Communications (SBAC) and Crown Castle (CCI).
November 18, 2014
06:13 EDTCCICrown Castle to host special shareholder meeting
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November 17, 2014
06:40 EDTTSUTelecom Italia not eyeing share sale, Reuters reports
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November 11, 2014
09:17 EDTAMTVimpelCom Italian towers bid on by American Tower, Bloomberg says
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November 7, 2014
10:39 EDTTSUTelecom Italia head says poised to mull deal with Oi, Reuters says
Telecom Italia (TI) head Marco Patuano said that the company needs to review the potential to either purchase or combine with Oi (OIBR), according to Reuters, citing comments from Patuano. In October, sources said competitors led by Oi were ready to propose a bid for TIM Participacoes (TSU) in a complicated break-up agreement that would need to obtain approval from regulators. Reference Link

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