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Telefonica confirms talks to acquire E-Plus from KPN

2013-07-22 20:13:00| Telecompaper Headlines

(Telecompaper) Telefonica Deutschland has confirms market rumours regarding negotiations on a possible acquisition of KPN's German mobile operator E-Plus from KPN. KPN would only confirm that is in talks with an unnamed party. Details of a potential transaction are still being negotiated. The confirmation follows a report in the Financial Times citing two people close the negotiations. Those people claim that Telefonica will end up with a stake of more than 50 per cent in the combined entity, two of the people said. The deal is said to have the backing of Carlos Slim, KPN's largest shareholder, one of the people said. The transaction may be financed partly in equity and cash with Telefonica paying about EUR 6 billion, creating an enterprise value of around EUR 16 billion.

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Helios Towers to acquire Vodacom Tanzania towers

2013-07-22 09:39:00| Telecompaper Headlines

(Telecompaper) Helios Towers Tanzania (HTT) has reached an agreement with Vodacom Tanzania to acquire the mobile operator's tower network in the country for stock and cash, in Vodacom Group's first towers transaction. The partnership involves the transfer of 1,149 existing telecom towers from Vodacom to HTT and a commitment to a short-term roll-out which will see a significant increase in points of service owned by HTT and more than double HTT's existing presence in Tanzania. Under the deal, HTT will acquire all of Vodacom's existing passive infrastructure and supply Vodacom with a significant increase in points of service in Tanzania. The deal will enable Vodacom to lease back the infrastructure subject to a long-term contract. The deal will expand HTA's tower coverage in Africa to 4,700 owned towers. The transaction will see Vodacom acquire a 24.5 percent share in HTT.

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Huntsman to Acquire Oxid

2013-07-19 07:00:00| Coatings World Breaking News

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Nutresa to acquire Chilean food producer Tresmontes Lucchetti

2013-07-19 01:00:00| Food Processing Technology

Colombia-based food manufacturer Nutresa has entered into an agreement to acquire Chilean food and beverage producer Tresmontes Lucchetti in a deal worth $758m, to expand its international presence.

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Movie Central and The Movie Network Acquire Showtime's Big-Buzz New Drama Masters of Sex

2013-07-18 08:31:53| Steel - Topix.net

Movie Central is also the first window for Showtime content and home to cutting-edge Canadian series.

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