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Tag: deal
Telefonica to exit Telecom Italia after GVT deal - chairman
2014-09-02 08:56:00| Telecompaper Headlines
(Telecompaper) Telefonica is set to exit Telecom Italia after it has finalised the acquisition of Vivendi's Brazilian broadband operator GVT, with a view to circumventing competition concerns in Brazil. "After the GVT operation the message is clear, we don't want to stay in Telecom Italia," commented Telefonica chairman Cesar Alierta at the XXVIII telecommunications and digital economy meeting held at Universidad Internacional Menendez Pelayo (UIMP) in Santander. Telefonica has been the dominant partner in the Telco SpA investor group that has controlled Telecom Italia for the past 7 years but the imminent break up of the holding has prompted questions about Telefonica's plans for the rest of its stake in Telecom Italia. It will still hold 8.3 percent of voting rights in the Italian operator once it completes a transaction announced in July to convert EUR 750 million of bonds exchangeable into Telecom Italia shares. Telefonica offered its Telecom Italia shares to Vivendi as part of its bid for GVT and last week confirmed that it expects the purchase to close in mid-2015.
Tags: deal
italia
exit
chairman
EC says probe of Facebook, WhatsApp deal simply part of procedure
2014-09-02 02:00:00| Total Telecom industry news
Commission has until 3 October to decide whether to open full investigation of proposed merger.
Russia launches construction of gas pipeline to China in $400 billion deal
2014-09-01 19:51:26| Oil & Gas - Topix.net
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Tags: china
construction
deal
gas
US: Coca-Cola Co strikes Knoxville deal with Coca-Cola Bottling Co Consolidated
2014-09-01 14:07:00| Daily beverage news and comment - from just-drinks.com
The Coca-Cola Co has agreed to hand over more Tennessee bottler territory to Coca-Cola Bottling Co Consolidated (CCBCC) as part of a plan to expand its franchises' footprints.
Tags: deal
consolidated
strikes
knoxville
Apple, American Express reach m-payment deal - report
2014-09-01 09:24:00| Telecompaper Headlines
(Telecompaper) Apple has joined forces with American Express to develop a new iPhone payments system, according to unnamed sources cited by Recode. American Express is just one of several partners Apple is planning to work with before it can launch its new mobile payments plan, which the company may announce at its 09 September product event. The aim is to permit iPhone 6 owners to pay for goods and services using their phones, eliminating the need for credit cards, debit cards or cash at specific retailers. Although no information is provided on the kind of technology to be used, the sources say customers will be able to present their phones at the checkout counter of partnering retailers to transmit payment information to complete a purchase. The news site The Information previously reported that Apple had successfully courted Visa as well. According to the sources cited in the report, Apple is likely to need approval from credit card networks and banks to use the millions of cards from iTunes and App Store accounts for mobile payments.
Tags: report
american
express
deal
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