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Stock Market & Financial Investment News

News Breaks
July 2, 2014
12:14 EDTTEFTelefonica acquisition of E-Plus approved by European Commission
The European Commission announced it has approved under the EU Merger Regulation the proposed acquisition of Dutch Telecom operator KPN's (KKPNY) German mobile telecommunications business E-Plus by Telefenica Deutschland (TEF). The approval is conditional upon the full implementation of a commitments package submitted by Telefonica. The Commission had concerns that the merger, as initially notified, would have removed two close competitors and important competitive forces from the German mobile telecommunications market and that it would have further weakened the position of Mobile Virtual Network Operators and Service Providers to the detriment of consumers. To address these concerns, Telefonica submitted commitments ensuring that new competitors will enter the mobile telecommunications market in Germany and that the position of existing competitors is strengthened. These commitments remove the Commission's concerns.
News For TEF From The Last 14 Days
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March 2, 2015
10:00 EDTTEFOn The Fly: Analyst Upgrade Summary
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06:07 EDTTEFTelefonica upgraded to Outperform from Sector Perform at RBC Capital
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February 25, 2015
06:18 EDTTEFTelefonica says 'embarking on period of growth,' WSJ reports
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February 19, 2015
08:30 EDTTEFBrazil regulators reach prelim deal on Telefonica, Vivendi merger, Reuters says
Brazil's antitrust regulator has reached a preliminary merger deal with Telefonica (TEF) and Vivendi (VIVHY) that sees the companies agreeing to "adopt measures to effectively assure supply, quality and competitive prices for fixed-line telephone, broadband internet and pay-TV markets," reports Reuters, citing an official gazette. The antitrust board must now also accept the agreement before the merger can take place. Reference Link
February 18, 2015
08:21 EDTTEFBofa European telecom equipment analysts hold analyst/industry conference call
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