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Canal Plus unveils SVoD service dedicated to TV series for EUR 6.99/month

2019-03-11 15:57:00| Telecompaper Headlines

(Telecompaper) French broadcaster Canal Plus announced the availability from 12 March of a new SVoD package for fans of TV series. Priced at EUR 6.99 per month, the subscription will offer 5,000 episodes across 150 current series, with several new productions in the pipeline. Around 90 percent of the content will be exclusive to Canal Plus.

Tags: service series eur dedicated


CDP spends EUR 960 mln to increase TIM stake to 8.7%

2019-03-11 10:26:00| Telecompaper Headlines

(Telecompaper) Italian state lender CDP has spent over EUR 960 million to increase its stake in Telecom Italia (TIM) to around 8.7 percent, according to a SEC filing. The state holding now has over 1.32 million TIM shares and is reportedly determined to reach a 10 percent stake ahead of a key shareholder vote on the composition of TIM's board on 29 March. The meeting will see shareholders vote on a request by leading shareholder Vivendi to remove five board members appointed by US activist fund Elliott on grounds of what the French company claims is a "substantial lack of independence".

Tags: to increase eur tim


Vodafone to raise EUR 4 billion in convertible debt issue

2019-03-05 10:54:00| Telecompaper Headlines

(Telecompaper) Vodafone announced plans to raise EUR 4 billion with the issue of mandatory convertible bonds. The proceeds will be used to finance its planned takeover of Liberty Global's cable activities in Germany and eastern Europe. 

Tags: issue eur debt raise


Cellnex announces EUR 1.2 bln capital hike to fund acquisitions

2019-02-28 10:30:00| Telecompaper Headlines

(Telecompaper) Spanish infrastructure operator Cellnex Telecom has announced a EUR 1.198 billion capital increase to strengthen the group's resources and fund its further expansion. The capital increase involves the issue of 66.9 million new shares, equivalent to 28.91 percent of its current total, at EUR 17.89 per share. Cellnex said its main shareholders ConnecT (29.9% of the capital) and CriteriaCaixa (6%) have already agreed to subscribe to the issue.

Tags: eur capital fund announces


Telefonica sells Guatemala, El Salvador units to America Movil for EUR 570 mln

2019-01-25 09:19:00| Telecompaper Headlines

(Telecompaper) America Movil has announced a deal to acquire Guatemala and El Salvador operations from Telefonica for a total of EUR 570 million. In a short statement, the Mexican telecommunications giant said it paid EUR 293 million for 100 percent of Telefonica's Guatemalan assets and EUR 277 million for 99.3 percent of Telefonica El Salvador. The transaction is subject to customary closing conditions, including regulatory approval for the El Salvador deal. It added that the acquisitions will boost its position in Central America, where it plans to provide next-generation services including 5G.

Tags: eur america units salvador


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