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Telefonica buys Mediaset stake in Digital+ for EUR 295 mln
2014-07-07 09:34:00| Telecompaper Headlines
(Telecompaper) Telefonica has agreed to acquire Mediaset's 22 percent stake in Spanish pay-TV platform Digital+ for an initial EUR 295 million. Telefonica said it had also agreed to pay Mediaset a further EUR 30 million in compensation for waiving its right of first refusal for the stake, a further EUR 10 million when it completes the acquisition of Prisa's 56 percent stake in Digital+ and an additional EUR 30 million depending on the future performance of the Spanish pay-TV market. In June Telefonica said it had closed the purchase of the 56 percent stake in Digital+ owned by Prisa for EUR 750 million to raise its stake in the broadcaster to 78 percent, a deal which is still subject to regulatory approval. If Spain's regulator green lights the deal, Telefonica would take full control of Digital+ and gain greater flexibility in integrating TV content into its Movistar Fusion convergent packages. The acquisition of Digital+ brings with it a large customer base in the form of the 1.6 million subscribers to pay-TV channel Canal+ and gives Telefonica access to Prisa's TV catalogue, including its rights to live Spanish football games. Mediaset is said to have accepted Telefonica's offer to free up funds to pay for the rights to televise Serie A, Italy's top-flight football league, between 2015 and 2018.
Vodafone sells Fiji stake for GBP 51 mln
2014-07-01 08:49:00| Telecompaper Headlines
(Telecompaper) Vodafone is exiting the Fiji market. The company agreed to sell its remaining 49 percent stake in Vodafone Fiji to the Fiji National Provident Fund for FJD 160 million (GBP 51 million). This gives the latter 79 percent of the company. Vodafone said it will continue a partner market agreement in Fiji. The company last reported 365,000 mobile customers in Fiji at the end of March.
Dutch virtual operator market grows to 8.4 mln customers
2014-06-30 09:43:00| Telecompaper Headlines
(Telecompaper) MVNOs and virtual brands (co-)owned by operators accounted for 41.6 percent of mobile customers on the Dutch market at the end of Q1, according to Telecompaper's Dutch Mobile Virtual Operators Market report. The number of virtual-enabled customers increased by 2.5 percent over the previous six months to a total 8.4 million. Of the total, 56.4 percent or just under 4.8 million were operator-owned virtual (co-)brands. The independent MVNOs counted nearly 3.7 million SIMs, or 18.1 percent of the total Dutch mobile market, versus 17.3 percent in Q3 2013. The number of active mobile virtual operators in the Netherlands increased from 64 to 70 during the first quarter. There were seven new entrants, three players exited the market, and one additional brand was added to the report. The only segments of the VO market showing customer growth were the fixed players (mainly due to growth at Tele2 and Ziggo Mobiel) and the no-frills segment (mainly due to growth at Vodafone's hollandsnieuwe). The market is dominated by eleven virtual brands, which remain almost unchanged compared to six months ago. The main change was Tele2 moved up to fourth place in terms of number of customers. The KPN brands Telfort and Hi still lead the total VO market, although Hi continued to show a decline in customers. Lebara, Lycamobile and Tele2 remain the leaders of the independent MVNO brands.
Tags: market
customers
virtual
dutch
Carphone agrees to sell Virgin Mobile France for EUR 325 mln
2014-06-30 09:10:00| Telecompaper Headlines
(Telecompaper) Carphone Warehouse and the other shareholders of French mobile group Omer Telecom have agreed to sell Omer Telecom to French cable operator Numericable for an enterprise value of EUR 325 million. Omer Telecom comprises MVNOs Virgin Mobile France, Breizh Mobile, Tele2 Mobile and Casino Mobile. It is 46 percent owned by Carphone Warehouse and 46 percent owned by Virgin, with the remainder held by management. The parties announced they had entered exclusive talks in the middle of May. The sale is conditional on the approval of the French Competition Authority.
Tencent buys 19.9% stake in 58.com for USD 736 mln
2014-06-29 17:25:00| Telecompaper Headlines
(Telecompaper) Chinese internet and mobile services firm Tencent has agreed to invest USD 736 million in exchange for approximately 19.9 percent equity interest in Chinese online marketplace 58.com. Tencent has agreed to purchase 36,805,000 Class A and B ordinary shares at a purchase price of USD 20 per ordinary share, corresponding to USD 40 per American Depositary Share, each representing two ordinary shares. In addition, 58.com will use part of the proceeds from this transaction to repurchase 27,603,750 ordinary shares from existing pre-IPO shareholders. Tencent and 58.com have agreed to use each other as the preferred partner in local services. Tencent and 58.com plan to jointly build out online-to-offline (O2O) services leveraging the combined features of their respective platforms.
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