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Stock Market & Financial Investment News

News Breaks
July 11, 2014
11:02 EDTTEF, TI, TSUTelefonica readying sale of Telecom Italia stake, Folha de Sao Paulo says
Telefonica (TEF) is preparing to sell its shares in Telecom Italia (TI) to resolve a deadlock with Brazilian regulator CADE over the fact that the Spanish group has a material interest in both Vivo and Telecom Italia, which controls TIM Brasil (TSU), according to Folha de Sao Paulo. Reference Link
News For TEF;TI;TSU 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
October 14, 2014
09:51 EDTTI, TSUTelecom Italia CEO says Tim Participacoes not in rush for deal, Reuters reports
Telecom Italia (TI) CEO Marco Emilio Patuano told Valor Economico that TIM Participaçoes (TSU) can remain competitive in Brazil for five years without losing market share and that it is not in a rush for potential mergers and acquisitions, reported Reuters. TIM Brasil reportedly hired an advisor to look at a potential bid for Oi (OIBR), a source told Reuters previously, and Oi itself has hired a bank as well to advise it on a possible bid for Telecom Italia's 67% stake in TIM Brasil, the report noted, but Patuano told Valor: "I find it curious to see public comments [on a potential Oi bid for TIM] well before there is any concrete possibility of such a thing happening. Telecom Italia is not seeking an offer." Reference Link

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