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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.
US: Dollar General makes bid for Family Dollar Stores
2014-08-19 12:40:49| Daily apparel & textile news and comment - from just-style.com
Dollar General has made a proposal to acquire Family Dollar Stores, in a transaction valued at $9.7bn, higher than Dollar Tree's bid for the retail group last month.
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Waste Management makes bid Hail Mary for Oakland garbage contract
2014-08-13 04:33:15| Waste Management - Topix.net
Waste Management is making a long shot attempt to hold onto Oakland's $1 billion garbage contract after losing it to a local company that city officials fear might not be able to handle the job when the contract begins next year.
Tags: management
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France's Iliad makes takeover bid for T-Mobile US
2014-07-31 18:50:00| Telecompaper Headlines
(Telecompaper) French operator Iliad, know under the brand Free, has made a takeover bid for T-Mobile US. The surprise offer marks Iliad's first expansion outside its home market, where it first broke open the triple-play market and then drove down prices in the mobile market by becoming the fourth network operator. Iliad said T-Mobile's 'unCarrier' strategy has many similarities to its own development in France. The French company is offering USD 15 billion for 56.6 percent of T-Mobile US, equal to USD 33.0 per share. It values the remainder of T-Mobile at USD 40.5 per share, based on an estimated UD 10 billion in synergies. This results in a total price of USD 36.2 per share, a premium of 42 percent on T-Mobile's share price in December 2013 when reports first emerged of Sprint's interest in T-Mobile. Iliad said it would finance the cash offer in a combination of debt and internal resources and has secured the support of international banks for the loans. Around EUR 2 billion would come from a capital increase at the French company, in which controlling shareholder Xavier Niel has pledged his participation. Iliad said it does not expect any regulatory problems with the acquisition, given it currently has no presence in the US.
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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