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EC approves Telefonica takeover of E-Plus
2014-07-02 11:48:00| Telecompaper Headlines
(Telecompaper) The European Commission has approved Telefonica's takeover of German mobile operator E-Plus from KPN. The merger of E-Plus with Telefonica's O2 will reduce the German market to three mobile networks from four and is expected to help O2 compete better with market leaders Telekom Deutschland and Vodafone. To secure approval for the takeover, Telefonica committed to reserve up to 30 percent of its network capacity for MVNOs. It earlier announced an agreement to provide the network capacity to Drillisch. Telefonica will also be required to divest spectrum to a new player on the market and maintain all its existing wholesale contracts. The takeover of E-Plus was first announced almost a year ago and will see KPN receive EUR 5 billion cash and a 20.5 percent stake in the merged company. The Dutch operator is exiting the German market in order to focus more on its home market. Telefonica will hold 62.1 percent in the German subsidiary, while the remainder is listed on the stock market.
Tags: approves
takeover
telefonica
eplus
UK: Mothercare rejects two Destination Maternity takeover bids
2014-07-02 11:40:45| Daily apparel & textile news and comment - from just-style.com
Mothercare has rejected two takeover approaches from US firm Destination Maternity, which value the struggling baby and toddler retailer at GBP266m (US$457m).
Tags: destination
bids
rejects
maternity
Mothercare rejects 266m takeover bid
2014-07-02 09:26:07| BBC News | Business | UK Edition
Mothercare has rejected two takeover proposals from US rival Destination Maternity which value the mother and baby products retailer at 266m
Tags: bid
rejects
takeover
mothercare
Goodman Fielder accepts lower takeover bid
2014-07-02 04:32:41| Food - Topix.net
Shares in struggling food maker Goodman Fielder have dropped more than four per cent on news it is poised to accept a lower takeover offer from two Asian companies.
Tags: lower
bid
accepts
goodman
OTE makes takeover bid for Nova TV
2014-07-01 13:39:00| Telecompaper Headlines
(Telecompaper) Greek operator OTE has made a non-binding bid to acquire the pay-TV service Nova from Forthnet. OTE said the bid was worth EUR 250-300 million excluding debt and cash on hand. Forthnet confirmed the bid but did not provide further details. Its board will study the offer. OTE said the takeover will help it expand its pay-TV operations launched a few years ago. OTE reported 279,000 TV subscribers at the end of March, while Forthnet had a total 482,433. Both companies have been showing double-digit growth in the TV market. The takeover would be subject to approval by competition authorities.
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