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Telenor to sell east Europe mobile operators to Czech PPF Group for EUR 2.8 bln

2018-03-21 08:46:00| Telecompaper Headlines

(Telecompaper) Telenor has agreed to sell its mobile operators in Hungary, Bulgaria, Montenegro and Serbia to Czech investment group PPF for EUR 2.8 billion. PPF already owns the Czech operator O2 and is buying Bulgarian TV group Nova from MTG.

Tags: group mobile sell eur

Vivendi sells entire stake in Ubisoft for EUR 2 bln

2018-03-21 08:39:00| Telecompaper Headlines

(Telecompaper) Vivendi has announced that it has entered into agreements to sell its 27.27 percent stake in games developer Ubisoft, amounting to 30,489,300 shares, for EUR 2 billion. This interest was acquired over the past three years for EUR 794 million. As part of the deal, Vivendi will no longer be a Ubisoft shareholder and has committed to refrain from purchasing Ubisoft shares for a period of five years. The move follows speculation last year that the company could face a possible hostile bid from Vivendi, despite opposition from the Guillemot family (founder and minority shareholder of Ubisoft).

Tags: eur entire sells stake

Broadcom pledges USD 1.5 bln investment to support leading US role in 5G

2018-03-07 14:42:00| Telecompaper Headlines

(Telecompaper) Broadcom has started a new offensive in its effort to take over Qualcomm, promising to invest USD 1.5 billion to train engineers in the US and make the country a leader in 5G technology. This follows news that the US government is investigating the company's proposed takeover for national security concerns.

Tags: support role leading investment

Telecom Italia agrees to network spin-off, posts Q4 sales up 2.8% to EUR 5.1 bln

2018-03-07 08:37:00| Telecompaper Headlines

(Telecompaper) Telecom Italia (TIM) announced that its board of directors approved a plan to voluntarily separate its fixed access network, creating a legal entity (Netco) that's 100 percent controlled by the company. TIM said it will continue to own the access network (from the exchange up to customers' homes) and all the corresponding infrastructure (buildings, electronic equipment and IT systems), with the unit staffed appropriately to provide wholesale services independently.

Tags: to sales posts network