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Stock Market & Financial Investment News

News Breaks
March 7, 2014
06:41 EDTTITelecom Italia scraps dividend to conserve cash as losses rise, Bloomberg says
Telecom Italia scrapped its dividend for common shares in order to save cash as competition in Italyís phone market damaged earnings, according to Bloomberg citing a company statement. Reference Link
News For TI From The Last 14 Days
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December 10, 2014
15:19 EDTTITelefonica, Oi, Claro to offer $15B for Tim Participacoes, Bloomberg says
Telefonica (TEF), Oi SA (OIBR), and America Movil (AMX, AMOV) owned Claro plan to team up on a takeover bid for Tim Participacoes (TSU) that would value it at about $15B, said Bloomberg, citing people with knowledge of the matter. Telecom Italia (TI), which owns 67% of Brazilís Tim Participacoes, believes Tim should be valued at about $25B or more, including debt, according to a person familiar with the matter, the report noted. Shares of Tim trading in New York are up about 6.6% to $23.69 in afternoon trading after rising as high as $26.54 immediately following the headlines from Bloomberg's report. Reference Link

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