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Stock Market & Financial Investment News

News Breaks
December 3, 2012
07:17 EDTTEFTelefonica may list part of Latin American ops, FT reports
Telefonica (TEF) may list 10%-15% of its Latin American operations, the whole of which analysts have valued at about EUR40B, to show that markets have undervalued the telecoms group, reported Financial Times. The potential flotation of the unit is being worked on, but has not been given board approval, according to the report. Reference Link
News For TEF From The Last 14 Days
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June 30, 2015
07:45 EDTTEFEU agrees to enact 'net neutrality' law, WSJ reports
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June 24, 2015
15:41 EDTTEFVivendi increases position in Telecom Italia to 14.9%
Vivendi (VIVHY) announced that it has received 1.11B ordinary shares, or 8.24%, of Telecom Italia (TI) in exchange for 4.5% of the share capital of Telefonica Brasil (VIV), in accordance with the option given to it as part of the sale of GVT to Telefonica (TEF). Separately, Vivendi increased its ordinary shares in Telecom Italia from the recently purchased 1.9% with an additional stake of 4.76% purchased on June 22 for a total of 6.66%, representing a global cash payment of approximately EUR1B. Vivendi now owns 14.9% of Telecom Italia’s ordinary shares and has thus replaced Telefonica as the company’s largest shareholder. "This investment represents an opportunity for Vivendi... to expand in a market with significant growth prospects and a very strong appetite for quality content. Vivendi intends to support Telecom Italia over the long term," said the company.

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