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Stock Market & Financial Investment News

News Breaks
August 18, 2014
13:32 EDTVIVHY, TI, TEFTelefonica adds content deal in bid for Vivendi GVT unit, Reuters says
Telefonica (TEF) has added to its bid for Vivendi's (VIVHY) Brazilian broadband telecoms business, GVT, by offering Vivendi a television content-sharing deal, says Reuters. The content-sharing deal offered by Telefonica brings its total offer to approximately $9.4B which is in-line with what Telecom Italia (TI) may counter bid for GVT, added Reuters. Reference Link
News For VIVHY;TEF;TI From The Last 14 Days
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January 29, 2016
06:31 EDTTEFTelefonica to take $3.2B hit for early retirement plan, Bloomberg says
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06:31 EDTTEFTelefonica to take $3.2B hit for early retirement plan, Bloomberg says
Telefonica plans to offer employees early retirement in a plan that will cost $3.2B upfront while saving money over the long-term in an effort to reduce debt, Bloomberg reports. The Spanish telephone company will open the plan right away to certain employees and will report the $3.2B charge as part of its Q4 results next month, the report says, citing a regulatory filing. The move is expected to save an average of EUR370M annually beginning in the second year of the plan, the report says. Reference Link

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