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Stock Market & Financial Investment News

News Breaks
April 1, 2014
07:25 EDTTEFTelefonica acquires eyeOS, terms not disclosed
Telefónica announced the acquisition of eyeOS, a Spanish cloud computing start-up. Telefónica has collaborated with eyeOS since 2010, but this acquisition reinforces its future mobile cloud services plans and the development of free software solutions. In the coming months, Telefónica will work on the consolidation and expansion of eyeOS, to extend its commercialisation in Spain and all the countries in which it operates.
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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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