The chief executive of Telecom Italia has admitted the company may not be able to avoid further credit downgrades.» Read More
MILAN, April 10- A board overhaul at Telecom Italia is set to placate belligerent minority investors, allowing Chief Executive Marco Patuano to focus on revamping the company's domestic business as the Italian economy begins to revive. Yet questions remain over how he will handle a prospective sale of Telecom Italia's Brazilian assets.
LOS ANGELES— Music subscription service Rhapsody International says its paying subscribers have grown 63 percent to 1.7 million over the past year. Rhapsody got a boost from an October deal with the Spanish telecoms giant Telefonica that transferred hundreds of thousands of Latin American subscribers from another service.
The European Parliament voted to end mobile phone roaming fees by 2016 and barred telecoms operators from prioritizing some Internet traffic over others.
SAO PAULO, April 3- A group of 14 banks led by Grupo BTG Pactual SA on Thursday removed a firm commitment to subscribe to part of a 24.22 billion reais share offering by Brazilian phone carrier Grupo Oi SA if investor demand falls short. Itaú Unibanco Holding SA and Banco Bradesco SA considered pulling out of the deal on Tuesday, sources told Reuters that day.
BRUSSELS, April 3- European Union regulators have halted their review of Hutchison Whampoa's $1 billion bid for Telefonica's 02 Ireland as they wait for new details of Hutchison's concessions, the EU antitrust chief said on Thursday.
BRUSSELS, April 3- The European Parliament voted to end mobile phone roaming fees by 2016 and barred telecoms operators from prioritising some Internet traffic over others, moves that will cheer Europe's consumers and frustrate industry seeking new forms of revenue.
STRASBOURG, France, April 3- The European Parliament voted overwhelmingly in favour of ending mobile phone roaming fees on Thursday, a move that will cheer Europe's consumers even as it frustrates telecoms companies.
NEW YORK/ SAO PAULO, April 1- Brazil's securities industry watchdog CVM on Tuesday lifted a suspension on Grupo Oi SA's 6 billion real share offering, paving the way for the Brazilian telecommunications company's merger with Portugal Telecom SGPS SA.
SAO PAULO/ RIO DE JANEIRO, April 1- Brazil's securities industry watchdog CVM on Tuesday lifted a suspension on Grupo Oi SA's 6 billion real share offering, paving the way for the Brazilian telecommunications company's merger with Portugal Telecom SGPS SA.
*Morgan Stanley tops global rankings. LONDON, March 28- A string of large transactions drove the value of global mergers and acquisitions activity up by 54 percent in the first quarter compared to the same period last year, reflecting greater deal-making confidence among chief executives.
RIO DE JANEIRO/ BRASILIA, March 27- Brazil's securities watchdog on Thursday suspended the offer of shares in telecommunications company Grupo Oi SA for up to 30 days, dealing a setback to its planned merger with Portugal Telecom.
A key moment, Sporny and others say, will be a meeting in Paris next week hosted by the World Wide Web Consortium, or W3C, one of the key bodies for setting internet standards.
BRUSSELS, March 20- EU antitrust regulators are seeking industry feedback over concessions offered by Hutchison Whampoa to secure approval for its $1 billion bid for Telefonica's 02 Ireland, two people familiar with the matter said on Thursday.
*Blue-chip Euro STOXX 50 seen adding 7.3 pct by end-2014. *Germany's DAX seen trailing, Italy's FTSE MIB surging. Germany's DAX will underperform, however, hurt in part by its strong exposure to troubled emerging markets, which have seen big swings in the value of their currencies.
*Vodafone targets around 240 mln euros savings per year. LONDON, March 17- Vodafone has agreed to buy Spain's largest cable operator Ono for 7.2 billion euros, the latest hefty deal in a European telecoms sector starting to rebuild as the region recovers from a recession.
MADRID, Feb 27- Spain's Telefonica said on Thursday it was seeing signs of a rebound as it posted 2013 results, but analysts warned it remained vulnerable to Latin American jitters and still tough European markets. But weaker currencies in Brazil, Argentina and Venezuela dented revenues and operating income, while margins in Europe also came under pressure.
*Vodafone buying broadband assets to shore up Europe. *AT&T interest in Vodafone could cool if Colao spends. BARCELONA, Feb 26- Shareholders in Vodafone say they support Chief Executive Vittorio Colao's plan to rebuild the company with pricey European broadband assets, even though it could complicate a lucrative mooted bid from AT&T.
BRUSSELS, Feb 25- Hutchison's Three Ireland is prepared to sell radio spectrum and continue a network sharing deal with another rival in order to win EU approval of its $1 billion bid for Telefonica's O2 Ireland, a source familiar with the matter said on Tuesday. The source said Hutchison would submit its offer to the European Commission within two weeks.
BARCELONA, Feb 23- Last year's revelations over the U.S. tapping of phone and internet data gave telecoms firms pause for thought over whether they should sell their "big data" for gain, but the commercial potential could prove irresistible.
*FTSEurofirst 300 up 0.1 pct, Euro STOXX 50 flat. *Euro STOXX 50 halted by key resistance level. Spanish blue-chips Banco Santander, BBVA and Telefonica- which derive about half of their revenues from Latin America- took another beating, down 1.2-1.9 percent.