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Stock Market & Financial Investment News

News Breaks
January 3, 2014
07:20 EDTTI, TSU, TEFTelefonica preparing joint offer for TIM Brasil, Reuters reports
Telefonica (TEF) is working on a joint offer to take over TIM Participacoes (TSU) and break up the local wireless unit of Telecom Italia (TI) also known as TIM Brasil, sources say, according to Il Sole 24 Ore newspaper, reports Reuters.Reference Link
News For TEF;TSU;TI From The Last 14 Days
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January 29, 2016
06:31 EDTTEFTelefonica to take $3.2B hit for early retirement plan, Bloomberg says
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06:31 EDTTEFTelefonica to take $3.2B hit for early retirement plan, Bloomberg says
Telefonica plans to offer employees early retirement in a plan that will cost $3.2B upfront while saving money over the long-term in an effort to reduce debt, Bloomberg reports. The Spanish telephone company will open the plan right away to certain employees and will report the $3.2B charge as part of its Q4 results next month, the report says, citing a regulatory filing. The move is expected to save an average of EUR370M annually beginning in the second year of the plan, the report says. Reference Link
January 26, 2016
07:53 EDTTSURBC Capital to hold a field trip
Brazil Telecoms Trip travels throughout Sao Paulo, Brazil visiting with various companies on January 26-27.

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