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Telefonica to Pay $9.3B For Vivendi's Brazilian Telecom GVT
2014-09-20 13:45:37| Telecom - Topix.net
PARIS -- France's Vivendi has agreed to sell Brazilian telecommunications unit GVT to Telefonica for about 7.24 billion euros in cash and stock, striking a final deal in a two-year disposal program that has taken in more than $40 billion and transformed the former telecommunications giant into a media company. Spain's Telefonica will pay 4.66 million euros in cash, hand Vivendi a 7.4% stake, worth about 2.02 billion euros, in its Telefonica Brasil unit and a further 5.7% stake, worth about 1.01 billion euros, in Telecom Italia SpA.
Tags: pay
telecom
brazilian
telefonica
Telecom Namibia launches 120 Mbps FTTP broadband service
2014-09-19 13:48:00| Telecompaper Headlines
(Telecompaper) Telecom Namibia has launched new, unlimited broadband service at up to 120Mbps in certain parts of the country. The new service is called Speedlink LitePlus and there are flexible packages ranging from 15 Mbps to 120 Mbps. Most areas in Namibia currently have fixed broadband speeds of up to 10 Mbps and 4G mobile broadband of speeds of up to 100 Mbps. The country's largest communication backbone network operator also announced that its Speedlink broadband customers are in for a major upgrade, as the company boosts broadband speeds by up to two times for free.
Tags: service
telecom
namibia
broadband
Telecom Italia Said to Weigh Oi Bid to Challenge Telefonica
2014-09-17 11:46:56| Telecom - Topix.net
Telecom Italia SpA is evaluating a potential acquisition of Brazilian carrier Oi SA to challenge Telefonica SA in the largest phone market in Latin America, according to three people familiar with the matter. The Milan-based carrier has spoken to advisers about using its Brazilian unit Tim Participacoes SA to buy Oi, said the people, who asked not to be identified because the discussions are private.
Telecom Italia considering Oi takeover bid - report
2014-09-17 08:30:00| Telecompaper Headlines
(Telecompaper) Telecom Italia is evaluating the possible acquisition of Brazilian operator Oi in a move to challenge local rival Telefonica, reports Bloomberg, citing unnamed sources close to the talks. No approach has yet been made but the Italian group is said to be speaking to advisors about using its local unit TIM Brasil to buy Oi, and thus strengthening its fixed-line network to sell broadband services after losing out to Telefonica in a bid to merge with another Brazilian operator, GVT. A takeover of Oi would be a way of countering an initiative by rivals America Movil, Telefonica and Oi itself to launch a BRL 30 billion bid for TIM Brasil, which recent reports in the Brazilian press have indicated could occur by 30 September. Any bid for Oi would have to take on the Brazilian operator's almost USD 20 billion in net debt, but TIM Brasil can afford a leveraged deal for Oi, partly financing it with its own stock, according to analysts cited in Bloomberg's report.
Tags: report
italia
bid
telecom
Telecom Italia looking at Oi buy
2014-09-17 02:00:00| Total Telecom industry news
M&A rumours in Brazil continue as Telecom Italia hires advisors to look at bulking up TIM through acquisition of rival.
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