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Stock Market & Financial Investment News

News Breaks
July 16, 2014
07:18 EDTAMX, VOD, AMOVVodafone head says unlikely interested in America Movil assets, Reuters says
Vodafone (VOD) CEO Vittorio Colao said the company is unlikely to want telecom assets being put up for sale in Mexico by Carlos Slim's America Movil (AMX, AMOV) since an agreement would not correlate with its focus on the corporate market in Latin America, according to Reuters citing comments from Calao. Colao said, "I have to put my money into India, into Europe and into Africa. That is where the money is going." Reference Link
News For VOD;AMX;AMOV From The Last 14 Days
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December 16, 2014
07:02 EDTVODVodafone to use loan to buy $750M of BlackBerry offerings, Globe and Mail says
Canada has agreed to lend $850M to Vodafone (VOD), which will use $750M of the funds to buy products and services from BlackBerry (BBRY), according to Globe and Mail. Reference Link
December 10, 2014
15:19 EDTAMOV, AMXTelefonica, 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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