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Tag: telecom
Telecom Italia offers EUR 7 bln for GVT, Telefonica ups bid
2014-08-28 08:38:00| Telecompaper Headlines
(Telecompaper) Telecom Italia has made a EUR 7 billion cash-and-share offer for Vivendi's fast-growing Brazilian broadband unit GVT, prompting a bidding war with Telefonica, which almost immediately responded with a EUR 7.45 billion offer. Telecom Italia's proposal envisages a merger between GVT and the Italian operator's Brazilian unit Tim Brasil, with Vivendi taking a stake of around 15 percent in the combined company and 20 percent in Telecom Italia itself. The cash payment, meanwhile, will come from a capital increase by Tim Brasil. Overall, Telecom Italia confirmed that the bid was made up of 24 percent in cash and around 76 percent in shares and will be valid until 20 September. Shortly after Telecom Italia released the details of its bid, Telefonica made a new offer for GVT worth EUR 7.45 billion, up from its 05 August proposal of EUR 6.7 billion. Telefonica said it would pay EUR 4.66 billion in cash and offer Vivendi a 12 percent stake in the new combined group to be created from the merger of GVT and Telefonica Brasil. Telefonica, whose offer expires on 29 August unless the two parties agree to an extension, also offered Vivendi an option to buy an 8.3 percent stake in Telecom Italia.
Telecom Italia makes 7bn GVT offer, Telefonica ups bid
2014-08-28 02:00:00| Total Telecom industry news
Battle for Brazilian broadband provider heats up; Telecom Italia acknowledges Oi's interest in TIM Brasil.
China Telecom 1H mobile revenue surges, subscribers fall
2014-08-28 02:00:00| Total Telecom industry news
Operator loses 5.34 million customers during first six months; expands hybrid 4G network trial.
Tags: china
mobile
fall
revenue
Telefonica beats Telecom Italia in battle for GVT
2014-08-28 02:00:00| Total Telecom industry news
Vivendi enters into exclusive sale talks with Spanish incumbent over Brazilian broadband unit; currency fluctuations hit 1H revenue.
Tags: italia
battle
telecom
beats
China Telecom profit rises as mobile data grows
2014-08-28 01:16:19| Wireless - Topix.net
Beijing a China Telecom Ltd., one of the country's three main state-owned carriers, said Wednesday its profit rose 11.8 percent in the first half of the year as its Internet and mobile data businesses grew.
Tags: data
china
mobile
profit
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