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Telecom Italia likely to sell Brazil towers to American Tower-sources
2014-11-21 14:17:07| IT Services - Topix.net
Telecom Italia will likely sell the mobile phone towers of its Brazilian unit to American Tower Corp for almost the full targeted amount of 900 million euros , two sources familiar with the situation told Reuters. According to one of the sources, a deal has already been worked out and could be announced at a Telecom Italia board meeting on Friday.
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Telecom Italia likely to sell Brazil towers to American Tower-sources
2014-11-21 12:33:13| Telecom - Topix.net
Telecom Italia will likely sell the mobile phone towers of its Brazilian unit to American Tower Corp for almost the full targeted amount of 900 million euros , two sources familiar with the situation told Reuters. According to one of the sources, a deal has already been worked out and could be announced at a Telecom Italia board meeting on Friday.
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Telecom Italia to sell part of Argentina unit
2014-10-26 17:32:35| Telecom - Topix.net
Telecom Italia said yesterday it would sell only part of its majority stake in Telecom Argentina and the rest once the regulator approved its full sale to New York-based fund Fintech, owned by Mexican billionaire David Martnez. The Italian phone group had agreed to sell its controlling stake in Telecom Argentina holding company Sofora to Fintech for US$960 million almost one year ago, but the Argentine telecoms regulator SECOM has been slow to approve the deal.
Telefonica to sell bonds to cut Telecom Italia stake
2014-07-17 08:54:00| Telecompaper Headlines
(Telecompaper) Telefonica has announced its intention to sell EUR 750 million of bonds that can be exchanged for Telecom Italia shares, the first time it has showed a willingness to cut its stake in the incumbent Italian operator. In a statement to Spain's market regulator CNMV, Telefonica said the bonds will carry a fixed annual interest rate of between 5.25 percent and 6 percent and would mature in three years. However, they could be converted at any time before that or paid in cash if certain conditions are met. The mandatory exchangeable bond is a way for Telefonica to reduce its near 15 percent stake in Telecom Italia by about 5 percent, according to unnamed sources close to the transaction cited by Reuters. "This is a way for Telefonica to sell part of its stake in Telecom Italia while ensuring against downside risk if the shares lose value in the next three years," said one of the sources, with another adding that the exchangeable bond "is invariably going to lead people to ask what Telefonica plans to do with the rest of its stake in Telecom Italia."
Mansons sell Telecom HQ building
2014-06-17 07:51:24| Telecom - Topix.net
The Manson family is selling one of the buildings in Telecom's headquarters to property syndicator Augusta Funds Management for $65 million.
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sell telecom