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Stock Market & Financial Investment News

News Breaks
April 15, 2014
07:54 EDTTEFTelefonica offers to help make E-Plus replacement to ease concerns, FT says
Telefonica, seeking to garner approval for its proposed takeover of rival E-Plus, is offering to help create a new rival in the space by giving up spectrum and making other concessions, according to Financial Times, citing a confidential document viewed by the news service. Reference Link
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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.
June 15, 2015
09:01 EDTTEFCiena selected by O2 to deploy nationwide network in the U.K.
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06:18 EDTTEFEU warns against big mergers in telecom sector, WSJ reports
EU antitrust chief Margrethe Vestager has warned that mergers between national telecom companies could harm consumers and probably will not boost investment, The Wall Street Journal reports. Vestager said at an event in Paris on Monday that there is "ample evidence" that "excessive" consolidation could lead to higher bills for consumers and that it "reduces the incentives in national markets to innovate." According to Dealogic, operators in Europe have announced deals worth nearly $67B so far this year, including BT's (BT) deal to buy EE. Reference Link

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