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Stock Market & Financial Investment News

News Breaks
June 17, 2014
06:07 EDTTEF, KKPNYTelefonica expected to secure EU approval for EUR8.6B E-Plus bid, Guardian says
The EU is expected to approve Telefonica's (TEF) proposed EUR8.6B bid for KPN's (KKPNY) E-Plus unit, the Telegraph reports, citing sources. To secure EU approval, Telefonica will reportedly let smaller rivals in Germany lease at least a fifth of the combined company's network capacity. Reference Link
News For TEF;KKPNY From The Last 14 Days
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October 17, 2014
07:26 EDTTEFTelefonica axes 1.6K German jobs after E-Plus deal, WSJ says
As Telefonica gains E-Plus, the company's German division will reduce over 1.6K staff members in the country, according to The Wall Street Journal, citing a person familiar with the matter. Telefonica's German division employs 9.1K workers total at the moment. Reference Link

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