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Tag: telefonica
Telefonica to acquire E-Plus from KPN
2013-07-23 08:41:00| Telecompaper Headlines
(Telecompaper) KPN has agreed to sell its German mobile operator E-Plus to Telefonica for EUR 5 billion in cash and a 17.6 percent stake in Telefonica Deutschland. The deal will make Telefonica the largest mobile operator in Germany in terms of subscriber numbers and consolidate the market to three mobile networks. KPN will use the cash to strengthen its balance sheet, allowing it to resume dividend payments in 2014, and refocus on its home market the Netherlands and growth in Belgium. Telefonica expects synergies of EUR 5.0-5.5 billion from the merger. The transaction values E-Plus at a total EUR 8.1 billion, equal to 9.0x the company's estimated 2013 EBITDA. It remains subject to approval by KPN and Telefonica Deutschland shareholders as well as the German regulator. Telefonica Deutschland will finance the cash component of the transaction through a rights offering fully underwritten by Telefonica SA.
Tags: acquire
telefonica
kpn
eplus
Telefonica, Entel win 4G spectrum tender in Peru
2013-07-23 06:53:00| Telecompaper Headlines
(Telecompaper) Telefonica and Entel, via its subsidiary Americatel Peru, have won a 4G spectrum tender in Peru. Private investment agency Proinversion auctioned twin 20MHz+20MHz blocks of spectrum in the 1710-1770MHz and 2110-2170MHz bands. Telefonica won the A block of the 1710-1770MHz frequency band, offering USD 152.2 million for the spectrum, over 240 percent more than the starting price of USD 63.4 million initially proposed by Proinversion.
Tags: win
peru
spectrum
tender
Germany gets new mobile leader as Telefonica buys E-Plus
2013-07-23 02:00:00| Total Telecom industry news
KPN sells E-Plus but will take 17.6% stake in new German entity; Q2 figures show revenue, EBITDA decline.
Tags: mobile
germany
leader
buys
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.
Tags: talks
acquire
confirms
telefonica
EU competition watchdog raids Telefonica, Deutsche Telecom and Orange
2013-07-11 18:30:29| Telecom - Topix.net
The European Commission is concerned that the three companies may have violated E.U. competition rules prohibiting the abuse of a dominant market position, it said Thursday.
Tags: orange
competition
deutsche
telecom
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