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Stock Market & Financial Investment News

News Breaks
January 17, 2013
07:46 EDTTITelecom Italia fails to attract higher bids, Reuters reports
Telecom Italia (TI) was unable to attract higher bids for its majority stake in the unprofitable Telecom Italia Media TV unit, sources say, as the possibility of a sale diminishes, reports Reuters. Two bidders, private equity fund Clessidra and media firm Cairo, didn't increase their offers, sources say. Reference Link
News For TI From The Last 14 Days
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September 19, 2014
06:17 EDTTITelefonica acquires Brazil's GVT from Vivendi
Spanish telecom company Telefonica (TEF) agreed to buy Brazilian telecom unit Global Village Telecom, or GVT, from Vivendi (VIVHY) for EUR4.66B in cash as well as a payment in shares representing 12.0% of the share capital of Telefonica Brasil, after its integration with GVT. As part of the agreement, Vivendi has accepted Telefonica’s offer to acquire 1.1B ordinary shares held by Telefonica in Telecom Italia (TI), currently representing 8.3% of Telecom Italia’s voting share capital (corresponding to 5.7% of its total share capital), in exchange of 4.5% of Vivendi’s capital in the company resulting from the integration between Telefonica Brasil and GVT.
September 17, 2014
09:22 EDTTITelecom Italia not holding talks with Oi, Tim Participacoes says,Reuters reports
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09:01 EDTTITim Participacoes says no talks between Oi, Telecom Italia, Bloomberg reports
Bloomberg cites a regulatory filing from Tim Participacoes (TSU).
September 16, 2014
11:18 EDTTITelecom Italia says mulling buyout of Oi S.A., Bloomberg says
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11:07 EDTTITelecom Italia considering buyout of Oi S.A, Bloomberg reports
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September 15, 2014
07:24 EDTTICredit Suisse to hold a conference
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