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Tag: eur
Telecom Italia to offer up to EUR 7 bln for GVT - report
2014-08-18 08:53:00| Telecompaper Headlines
(Telecompaper) Telecom Italia is preparing an offer of as much as EUR 7 billion to outbid Telefonica for Vivendi's Brazilian broadband unit GVT, people with knowledge of the plan told Bloomberg. Vivendi would get a 20 percent stake in Telecom Italia and a stake in the entity that combines the two companies' Brazilian units. Telefonica offered EUR 6.7 billion for GVT earlier this month. The Brazilian newspaper Folha de Sao Paulo reported separately that Telecom Italia was set to make an all-stock bid for GVT valued at as much as EUR 7 billion.
Microsoft launches Nokia 130 for EUR 19
2014-08-11 10:27:00| Telecompaper Headlines
(Telecompaper) Microsoft has introduced a new low-cost Nokia phone, expected to retail at just EUR 19. The Nokia 130 comes with video and music players, as well as a flashlight, FM radio and USB charging. Microsoft said it targets first-time mobile phone buyers and people seeking a reliable back-up phone. The Nokia 130 offers up to 36 days standby for the single-SIM variant and 26 days for the dual-SIM device. Running the Nokia 30+ interface for entry-level device, the 130 has a 1.8-inch QVGA screen and support for Bluetooth 3.0 and a 32GB microSD card. The phone will be available in Q3 in select markets, including China, Egypt, India, Indonesia, Kenya, Nigeria, Pakistan, the Philippines and Vietnam.
Tags: eur
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PLDT acquires 10% stake in Rocket Internet for EUR 333 mln
2014-08-07 13:56:00| Telecompaper Headlines
(Telecompaper) Philippine Long Distance Telephone Company (PLDT) and Rocket Internet have signed a global partnership agreement to jointly develop online and mobile payment services in emerging markets. Under the terms of the agreement, PLDT will invest EUR 333 million for a 10 percent stake in Rocket.
Tags: internet
eur
rocket
stake
Stora Enso's NRI in second quarter 2014 have EUR 106 million...
2014-07-21 12:58:39| Paper - Topix.net
Despite significant efforts involving M&A and legal advisors and a dedicated project team, this search proved unsuccessful.
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million
quarter
stora
Top EU court upholds Telefonica's EUR 152 mln antitrust fine
2014-07-10 14:59:00| Telecompaper Headlines
(Telecompaper) The European Court of Justice (ECJ) has upheld a fine of EUR 151.9 million imposed on Telefonica for abusing its dominant position in the Spanish broadband market from 2001 to 2006. Telefonica had appealed an earlier decision by the General Court that it must pay the fine first imposed by the European Commission back in July 2007. "In today's judgment, the Court dismisses Telefonica's appeal in its entirety," said the ECJ in a statement, adding that the incumbent operator's behaviour had resulted in "potential anticompetitive effects that may have excluded competitors, who were at least as efficient as Telefonica, which is sufficient to establish that the practice of squeezing margins was abusive." The 2007 fine was the largest ever imposed on a telecoms operator in Europe and referred to Telefonica's conduct in the local broadband market between 2001 and 2006. The EC claimed Telefonica had deliberately charged regional and national wholesale rates to competitors that were too close to retail prices, thus forcing its rivals to make losses if they wanted to match Telefonica's prices. At the time the Commission said the size of the fine matched the "gravity and duration" of Telefonica's breach of EU law, which harmed competitors, consumers and businesses alike.
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