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Stock Market & Financial Investment News

News Breaks
January 13, 2014
06:17 EDTTEF, NIHDTelefonica to provide NII's subsidiaries voice and data coverage services
Telefonica (TEF) and NII Holdings (NIHD) have signed agreements whereby Telefonica will provide NII's subsidiaries, operating under the Nextel brand in Brazil and Mexico, nationwide voice and data coverage services on Telefonica's 3G wireless networks. When implemented, the agreements will expand the areas in which Nextel customers using 3G services in Brazil and Mexico can access voice and data services, supporting NII's growth strategy. Both companies will work closely to implement the agreements as soon as possible. Telefonica and NII's subsidiaries will continue to manage their spectrum and network assets separately to provide competing services.
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August 18, 2014
13:32 EDTTEFTelefonica adds content deal in bid for Vivendi GVT unit, Reuters says
Telefonica (TEF) has added to its bid for Vivendi's (VIVHY) Brazilian broadband telecoms business, GVT, by offering Vivendi a television content-sharing deal, says Reuters. The content-sharing deal offered by Telefonica brings its total offer to approximately $9.4B which is in-line with what Telecom Italia (TI) may counter bid for GVT, added Reuters. Reference Link
August 17, 2014
13:51 EDTTEFTelecom Italia looks to outbid rival for Vivendi's GVT unit, Bloomberg says
Telecom Italia (TI) is preparing to outbid Telefonica (TEF) and offer as much as $9.4B for Vivendiís (VIVHY) Brazilian broadband unit GVT, says Bloomberg. Reference Link
August 12, 2014
10:43 EDTNIHDNII Holdings downgraded to Underperform at Wells Fargo
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10:40 EDTNIHDNII Holdings downgraded to Underperform from Market Perform at Wells Fargo
August 11, 2014
17:50 EDTNIHDNII Holdings CEO says needs to make key decisions to address liquidity
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17:49 EDTNIHDNII Holdings reports Q2 EPS ($3.65), may not compare to consensus ($2.30)
Reports Q2 revenue $969M, consensus $948.1M.

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