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Stock Market & Financial Investment News

News Breaks
February 25, 2013
05:07 EDTERIC, TEFEricsson seleced to provide 4G/LTE network for O2
O2, a Telefůnica (TEF) brand, has selected Ericsson (ERIC) to provide an Evolved Packet Core, or EPC, the core network of the LTE system, for 100% of O2's network. In addition, Ericsson will transform 50% of its nationwide network by supplying and deploying the latest RBS 6000 multi-standard radio base stations. The end result will be a nationwide multi-standard network that supports 2G/3G/4G, giving O2 the ability to manage with data traffic growth and expand its mobile coverage. Ericsson will become O2's sole supplier of EPC in the UK and deployment has commenced. This includes Evolved Packet Gateway on the SSR 8000 Smart Services Router family and SGSN-MME on the Ericsson Blade System.
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August 29, 2014
08:04 EDTTEFTelefonica sees closing deal for GVT by mid-2015
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August 28, 2014
15:13 EDTTEFTelecom Italia says proceeding with Brazil plans after Vivendi decision
Telecom Italia (TI) noted the decision by the Supervisory Board of Vivendi (VIVHY) to enter into exclusive negotiations with Telefonica (TEF) in relation to the sale of GVT. "From the start Telecom Italia has made it clear that it would take a disciplined approach to its strategy in Brazil, in order to maximize the value for all its shareholders. The company continues to pursue its development and investment plans in the country in line with the Groupís 2014-2016 Business Plan, leveraging on TIM Brasilís strong position in the market," Telecom Italia stated.
09:09 EDTTEFVivendi confirms exclusive talks with Telefonica to acquire GVT
Vivendi (VIVHY), as previously disclosed, received binding offers from Telefonica (TEF) on August 4 and 28 and Telecom Italia (TI) on August 28 to acquire GVT. "In the light of the Groupís strategy and in the best interests of its shareholders, the Supervisory Board decided to enter into exclusive negotiations with Telefonica while emphasizing the relevance and quality of the Telecom Italia offer. The divestment from GVT would allow selling the last telecom company wholly-owned by Vivendi after the disposals of Maroc Telecom and SFR. Telefonicaís offer is considered particularly attractive, generating a capital gain of more than EUR 3B. The other conditions of the offer, limiting to a strict minimum the risk of executing the operation as well as Vivendiís commitments after the sale, are totally in line with Vivendiís objectives. The agreement between Telefonica and Vivendi would allow the development of joint projects in ​​content and media. In addition, if it so wish, Vivendi could become a shareholder in Telecom Italia by exchanging its Brazilian shares for Italian ones. The Telefonica offer best meets the Groupís strategic and financial objectives," Vivendi stated.
06:23 EDTTEFTelefonica submits new offer for Vivendi GVT unit
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06:10 EDTTEFTelecom Italia revises offer for Vivendi's GVT to EUR7B
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August 27, 2014
09:38 EDTTEFTelefonica to contemplate improving GVT offer, WSJ says
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August 26, 2014
15:52 EDTTEFTelecom Italia to offer Vivendi $9.2B for GVT unit, Reuters says
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06:36 EDTTEFTelefonica board mulls increasing GVT offer, Bloomberg says
Telefonica's (TEF) board is aiming to talk about increasing its bid for Vivendi's (VIVHY) GVT division, and could potentially value the business at nearly $10.6B, according to Bloomberg, citing a person with knowledge of the matter. The source noted that the raised offer might be presented prior to Vivendi's upcoming board meeting in two days and before Telecom Italia (TI) finalizes a competitive bid. Reference Link
August 22, 2014
06:46 EDTERICEricsson contract with MTS upped to exceed $1.5B, Reuters says
Russia's MTS said that it had raised the value of its contract with Ericsson to exceed $1.5B, reported Reuters. MTS noted that it agreed to an extra $286M contract with the Swedish company for the broadening and modernization of its 2G, 3G and LTE networks throughout Russia. Reference Link
August 20, 2014
05:20 EDTERICEricsson to upgrade Vodafone Australia network
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