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Orange, Bouygues end merger talks
2016-04-01 19:13:00| Telecompaper Headlines
(Telecompaper) Orange and Bouygues have brought an end to their discussions to merge their French telecom operations, saying they were unable to reach a final agreement. The talks started in January on merging France's number one and number three operators and are thought to have faltered in the end on how big of a stake Bouygues would get in Orange in return for its telecom assets. Bouygues said in a statement that it was unable to secure terms on four important points: what would happen to its employees joining Orange, its stake in Orange and control as a major shareholder, the execution risk of the merger and the valuation. Bouygues added that the possibility of consolidation on the French market now appears impossible.
Telstra, San Miguel end talks on Philippines joint venture
2016-03-14 08:39:00| Telecompaper Headlines
(Telecompaper) Telstra and San Miguel have ended talks on a possible joint venture in the Philippines mobile market. The two started talks last year but said they were unable to reach a commercial arrangement on the investment plans. "Despite an enormous amount of effort and goodwill on all sides, we were simply unable to come to commercial arrangements that would have enabled us all to proceed," Telstra CEO Andrew Penn said in a statement. Telstra has offered to continue technical network design and construction consultancy support to San Miguel, should it decide to go ahead alone with the plans. Telstra said it will also continue to look at investments in Asia, "guided by our capital management framework", in order to support earnings growth and shareholder returns. The Australian company had considered investing up to USD 1 billion in the Philippines joint venture.
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Nortel Networks talks aim to end US$7 billion legal fight
2016-01-15 15:52:38| Telecom - Topix.net
Parties seeking a chunk of the US$7 billion raised from the liquidation of former telecommunications giant Nortel Networks started talks on Thursday aimed at ending one of the most complex and costly legal disputes in history. REUTERS: Parties seeking a chunk of the US$7 billion raised from the liquidation of former telecommunications giant Nortel Networks started talks on Thursday aimed at ending one of the most complex and costly legal disputes in history.
Teamsters union seeks to end pilots' contract talks with Allegiant, move closer to strike
2015-10-15 22:33:53| Airlines - Topix.net
The Teamsters union is making a new push to end contract negotiations with Allegiant Air and move closer to a strike by pilots. The union said Thursday it asked the National Mediation Board to release it from talks involving a federal mediator.
Vodafone, Liberty end merger talks
2015-09-28 08:30:00| Telecompaper Headlines
(Telecompaper) Vodafone Group announced that it and Liberty Global have terminated their merger discussion. The group confirmed on 5 June that it was in the early stages of discussions about an exchange or combination of assets. Liberty Global told Bloomberg earlier this month that the two were struggling to reach agreement.
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