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Tag: takeover
Verizon completes $4.4bn AOL takeover
2015-06-24 02:00:00| Total Telecom industry news
U.S. telco takes control of AOL, including its advertising technology and content platforms.
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Bouygues rejects Altice takeover offer for telecoms arm
2015-06-23 21:59:00| Telecompaper Headlines
(Telecompaper) Bouygues Group has rejected an unsolicited bid from Altice to buy its operator Bouygues Telecom. The French construction and media group said it was confident in Bouygues Telecom's ability to continue independently, given the growth opportunities on the market for digital services, its strong spectrum holdings and 4G network, success with its recently launched Android TV box and ongoing cost reduction efforts. After a board meeting to discuss the bid, Bouygues said its board felt the telecom activities could return to an EBITDA margin of at least 25 percent by 2017, the same level as in 2011, prior to the launch of the fourth mobile network operator in France. Bouygues said it was also concerned about the "execution risk" of Altice's offer, given the likely close regulatory scrutiny of the deal. The acquisition by Altice would see Bouygues Telecom merged with SFR-Numericable, reducing the country to three mobile networks and eliminating a major player on the fixed broadband market. Bouygues said it was not satisfied with Altice's response on how it would handle the regulatory questions, nor there was any certainty on the deal would affect the 700 MHz band auction planned in France late this year. Finally, Bouyues said it was concerned about the "social risks" of the acquisition, which would likely lead to numerous job losses.
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Williams to seek further alternatives following rejection of ETEs $53bn takeover bid
2015-06-23 01:00:00| Hydrocarbons Technology
US based energy firm Williams Companies is still seeking strategic alternatives after rejecting a $53.1bn takeover offer from Energy Transfer Equity (ETE).
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Mobilicity mulls two takeover offers
2015-06-22 02:00:00| Total Telecom industry news
Telus and Rogers Communications have both reportedly tabled bids for smaller rival.
Numericable-SFR makes takeover bid for Bouygues Telecom
2015-06-22 00:58:00| Telecompaper Headlines
(Telecompaper) French cable and mobile operator Numericable-SFR has made an offer for Bouygues Telecom, a person close to Martin Bouygues told Le Monde, corroborating a report in Le Journal du Dimanche, which wrote that the bid was worth a little over EUR 10 billion. Numericable-SFR is expected to get all 11 million Bouygues Telecom customers. An agreement has reportedly been found to avoid competition-related obstacles, with Free acquiring some of Bouygues Telecom's spectrum, masts and stores. Bouygues's board will meet on 23 June to discuss the offer
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