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Tag: exclusive talks
CDP plans exclusive talks with Enel over Metroweb - report
2016-05-26 08:48:00| Telecompaper Headlines
(Telecompaper) The board of Italian state lender Cassa Depositi e Prestiti (CDP) has decided to enter into exclusive talks with utility giant Enel rather than Telecom Italia over the sale of its stake in broadband provider Metroweb, according to unnamed sources cited by Bloomberg. Enel has tabled a new EUR 814 million offer for Metroweb to match Telecom Italia's bid, said the sources, adding that the board has given chairman Claudio Costamagna and CEO Fabio Gallia the mandate to discuss the stake exclusively with Enel.
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Zegona confirms exclusive talks to buy Yoigo
2016-03-21 08:26:00| Telecompaper Headlines
(Telecompaper) Spanish operator Zegona has confirmed it's in exclusive talks to acquire the mobile operator Yoigo from TeliaSonera. TeliaSonera also confirmed the talks but did not provide further details on the potential divestment. Earlier reports suggested Zegona was offering around EUR 500 million for Spain's smallest mobile operator. Zegona is an investment vehicle set up by former Virgin Media finance director Eamonn O'Hare. Last year it acquired regional broadband operator Telecable.
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TeliaSonera, Zegona confirm exclusive Yoigo talks
2016-03-18 01:00:00| Total Telecom industry news
Swedish operator negotiating the sale of its Spanish mobile business to U.K. investment firm.
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teliasonera
RCom in exclusive merger talks with Aircel
2015-12-22 01:00:00| Total Telecom industry news
Deal would potentially propel Reliance Communications from fourth to second place in Indian mobile market.
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Oi enters exclusive talks with L1 on TIM deal
2015-10-31 16:17:00| Telecompaper Headlines
(Telecompaper) Brazilian operator Oi has agreed to enter exclusive talks with L1 Technology on its proposal for a capital injection conditional on agreeing a merger with TIM Brasil. Oi said it made a proposal to L1, a company owned by Russian billionaire Mikhail Fridman, for an exclusivity period of seven months, starting from 23 October. L1 confirmed the talks in a statement, saying discussions were still at a preliminary stage. The two companies will explore proposals "to develop viable structuring and financing options that would enable Oi to participate in any consolidation of the Brazilian telecommunications sector". L1 Technology said it is a long-term investor, and its team has ten years' experience in the telecoms sector in emerging and developed markets. If the transaction is completed, Oi said it expects it will lead to a reduction in leverage and help turn the company into a more robust player, supported by the generation of important synergies and economies of scale. A potential business combination of Oi and TIM would create a more complete and well-positioned telecommunications operator that would be able to compete against global players already operating in Brazil, Oi said.
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