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Telefonica confirms takeover talks after Iusacell report
2014-07-30 14:45:00| Telecompaper Headlines
(Telecompaper) Telefonica has confirmed ongoing negotiations with an unnamed company in Mexico after an earlier report said the Spanish group was finalising the takeover of mobile operator Iusacell. In a statement to Spain's market regulator CNMV, Telefonica said "negotiations are open, although no agreement has been reached." Spanish website El Confidencial had earlier reported that Telefonica was close to acquiring its rival Iusacell for between EUR 2.5 to EUR 3 billion. Iusacell, Mexico's third largest mobile operator, was valued at USD 3.2 billion when the broadcaster Televisa acquired a 50 percent stake in the company in 2012. Mexican billionaire Ricardo Salinas owns the remaining 50 percent of the operator.
Tags: report
talks
confirms
takeover
BlackBerry targets govt market with Secusmart takeover
2014-07-29 15:43:00| Telecompaper Headlines
(Telecompaper) BlackBerry is expanding in the secure communications market with the acquisition of Secusmart, a German provider of voice and data encryption and anti-eavesdropping software for governments, businesses and operators. BlackBerry already offers some of Secusmart's products to customers, and their joint product meets the highest security requirements of the German federal authorities and NATO for restricted communications. Last year, the SecuSuite for BlackBerry 10 was selected by Germany's Federal Office for Information Security for classified communications for the country's highest public officials. The two companies have provided Secusmart-equipped BlackBerry smartphones to a number of German government agencies and almost all German government ministries and leaders, including Chancellor Angela Merkel. BlackBerry said it plans to expand Secusmart's offering to governments and businesses in other parts of the world. The transaction still needs regulatory approval to be completed. No financial details were disclosed.
Tags: market
targets
blackberry
govt
Mothercare CFO resigns as US rival scraps takeover bid
2014-07-28 14:52:19| Apparel - Topix.net
PRESSURE was last week heaped on mother and baby retailer Mothercare after chief financial officer Matt Smith resigned on the same day that US rival Destination Maternity dropped its takeover bid for the struggling UK business.
Time Warner moves to block any quick takeover
2014-07-22 10:17:29| Chemicals - Topix.net
Time Warner's board has moved to prevent its shareholders from calling special meetings, effectively throwing up a hurdle to any quick move to approve a potential takeover by Rupert Murdoch's Twenty-First Century Fox.
Ex-Cadbury Chair Warns On Cable Takeover Plan
2014-07-18 05:06:33| Beverages - Topix.net
The former chairman of Cadbury has warned that Vince Cable's proposal to legislate to prevent some foreign takeovers of British companies would send damaging signals about the openness of the UK economy.
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