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Stock Market & Financial Investment News

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June 3, 2014
04:55 EDTVIP, VIP, VIP, FLEX, FLEX, FLEX, S, S, S, VIV, VIV, VIV, TU, TU, TU, CVC, CVC, CVC, SIRI, SIRI, SIRI, INXN, INXN, INXN, TKC, TKC, TKC, CBS, CBS, CBS, RCI, RCI, RCI, TSU, TSU, TSU, AMX, AMX, AMXBofA/Merrill to hold a conference
2014 Global Telecom & Media Conference to be held in London, England on June 3-5.
News For VIP;TSU;RCI;CBS;TKC;INXN;SIRI;CVC;TU;VIV;S;FLEX;AMX From The Last 14 Days
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June 29, 2015
09:04 EDTSSprint launching Direct 2 You service in New York, LA, San Francisco, Denver
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June 26, 2015
09:18 EDTSIRISirius XM discloses settlement agreement with various record companies
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June 25, 2015
07:37 EDTINXNANI Pharmaceuticals mentioned positively by Oscar Schafer
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06:37 EDTSInternet Patents subsidiary awarded $30M in damages against Sprint Spectrum
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June 24, 2015
17:35 EDTRCIShaw Communications confirms Rogers Communications intention to acquire licenses
Shaw Communications (SJR) confirmed that Rogers Communications (RCI) announced its intention to exercise its option to acquire Shaw's spectrum licenses for advanced wireless service in British Columbia, Alberta, Saskatchewan, Manitoba and Northern Ontario. Rogers acquired the option as one of a number of transactions announced on January 14, 2013. On exercise of the option, Rogers would pay Shaw $100M. With the $50M purchase price for the option and $200M down payment, each paid by Rogers to Shaw in 2013, the total proceeds for the sale of Shaw's spectrum would be $350M. The transaction is expected to close by the end of June.
15:41 EDTVIVVivendi 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.
14:51 EDTSIRISirius XM, Fox News announce partnership on new channel
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10:11 EDTRCIRogers Communications to buy Mobilicity, acquire spectrum from Shaw
Rogers Communications (RCI) said it will immediately boost speed and quality for wireless customers in BC, Alberta and Southern Ontario as part of a series of transactions, as the company is completing the previously announced acquisition of Shaw's (SJR) AWS-1 spectrum and acquiring 100% ownership of Mobilicity. The company is also divesting, post transaction, certain AWS-1 spectrum to WIND Mobile that is contiguous to their spectrum holdings. As per the previously announced terms to complete the Shaw spectrum acquisition, Rogers will pay C$100M in addition to the down payments made when the agreement was originally announced in January 2013. The transaction with Mobilicity is supported and was facilitated by The Catalyst Capital Group, on behalf of investment funds managed by it, working closely with Rogers on the structuring of the transaction. The C$440M purchase price is offset by tax losses valued at approximately C$175M which Rogers will acquire. The transaction is subject to working capital adjustments. Following the acquisition of spectrum from Shaw and Mobilicity respectively, Rogers and WIND will undertake an AWS-1 spectrum swap in Southern Ontario to create contiguous spectrum for Rogers. Rogers will also divest certain non-contiguous AWS-1 spectrum to WIND Mobile in BC, Alberta, Saskatchewan, Manitoba and Northern Ontario and Eastern Ontario. The purchase of Mobilicity is subject to approval by the Competition Bureau and the Court. The transactions have been approved by Industry Canada.
08:25 EDTCBSNetflix on pace to have larger audience than all networks, FBR says
FBR Capital analyst Barton Crockett says that while Netflix (NFLX) is not rated by Nielsen (NLSN), the 10B hours streamed in Q1 reported by the company are equivalent to having a 24-hour rating of 2.6, on par with Disney's (DIS) ABC and Comcast's (CMCSA) NBC. And while ratings at broadcasters are falling on average, Netflix is growing its ratings at a 40%-plus compound annual rate, Crockett tells investors this morning in a research note. At this pace, Netflix in a year will have a larger 24-hour audience than all broadcast networks, he contends. Regarding last night's 7-for-1 stock split announcement, Crockett says the move reflects management's confidence in the "durability of the recent stock surge." For perspective, three years ago Netflix shares were around $60. This morning they are trading up $18.69 to $699.88 in the pre-market. Crockett has an Outperform rating on the streaming service with a $900 price target.
June 23, 2015
19:49 EDTRCI, TUMobilicity accepts $400M bid from Rogers, Globe and Mail says
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18:43 EDTSSprint CTO Stephen Bye to depart July 24, FierceWireless says
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13:09 EDTCBSHulu to sell Showtime premium package for subscribers
Hulu (DIS;NWSA;CMSA) will sell Showtime Networks' (CBS) Internet streaming service to subscribers in early July, reports Variety. Hulu will offer Showtime to its subscribers for $8.99 in addition to the $7.99 fee Hulu subscribers pay per month.Reference Link
11:28 EDTSIRISirius XM management to meet with FBR Capital
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09:00 EDTTU, RCITelus, BCE, Rogers to roll out mobile payments app, Bloomberg reports
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June 21, 2015
17:19 EDTRCI, TUTELUS, Rogers compete for Mobilicity, Globe and Mail says
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June 18, 2015
12:10 EDTFLEXContract electronic manufacturers underperform after Jabil results
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11:58 EDTTSUTim Participacoes says TI still views it as 'strategic asset,' Reuters reports
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10:48 EDTINXNEvercore ISI believes Interxion would be a good strategic fit for Digital Realty
Evercore ISI commented on recent reports speculating Digital Realty (DLR) could make a run for privately held Telx, Interxion (INXN), or both. The firm said a Digital Realty acquisition of Telx makes strategic and financial sense and an acquisition of Interxion could be accretive without synergies based on a $33 offer price. Evercore believes a combination of all three companies would create a new global interconnection platform that could be accretive if Telx's and Interxion's debt was refinanced.
June 17, 2015
12:15 EDTCBSNexstar and CBS enter into affiliation agreement renewals
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09:35 EDTCVCGuggenheim to hold a conference
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