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Telefonica SA

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  • LONDON, Nov 27- Hutchison Whampoa, the owner of Britain's fourth largest mobile operator 3 Group, is preparing a bid for EE or O2, the mobile groups already in talks on a deal with BT Group, several sources familiar with the matter said. The Chinese company could put forward a bid for either EE or Telefonica's O2 by the end of the year as BT is expected to decide on a deal in...

  • UPDATE 1-EE owners confirm takeover talks with BT Wednesday, 26 Nov 2014 | 3:23 AM ET

    A source familiar with the situation had said EE, owned by Deutsche Telekom and Orange, was the other party. "Deutsche Telekom and Orange, the joint shareholders of EE, regularly analyse the development of the market in which EE operates, evaluating various strategic options which have the potential to create value for EE's shareholders and strengthen the...

  • Europe shares end higher; banks rally on stimulus hopes Tuesday, 25 Nov 2014 | 12:48 PM ET

    PARIS, Nov 25- European stocks ended slightly higher on Tuesday as euro zone banking shares climbed on mounting expectation of more stimulus from the European Central Bank. Crude prices fell again on Tuesday, down by more than $1 a barrel to near four-year lows, after a meeting between Saudi Arabia, Venezuela and major non- OPEC oil exporters ended with no deal on...

  • European shares hit nine-week high, led by banks Tuesday, 25 Nov 2014 | 7:46 AM ET

    PARIS, Nov 25- European stocks rose on Tuesday, with a key benchmark index hitting a nine-week high as euro zone banking shares gained on mounting expectation of more stimulus from the European Central Bank. Shares in Deutsche Bank, Banco Santander and BNP Paribas were up 1.7-2.8 percent. The benchmark index has risen nearly 15 percent from a low hit in...

  • *Euro STOXX 50 up 0.6 pct, posts biggest 2- day rise in 17 months. After European Central Bank chief Mario Draghi promised on Friday to use whatever means necessary to raise inflation, investors were betting the ECB would soon unveil new measures, possibly including government bond purchases. The euro zone Euro STOXX 50 index rose 0.6 percent to 3,211.70 points,...

  • *Euro STOXX 50 up 0.8 pct, eyes biggest 2- day rise in 19 months. After European Central Bank chief Mario Draghi promised on Friday to use whatever means necessary to raise inflation, investors were betting the ECB would soon unveil new measures, possibly including government bond purchases. The euro zone Euro STOXX 50 index was up 0.8 percent at 3,220.50 points at...

  • *O2 deal could hand Telefonica 20 pct of BT. LONDON/ MADRID Nov 24- Britain's BT Group has been approached by O2 owner Telefonica and the parents of O2's bigger rival EE to discuss competing multibillion-pound deals to create a powerhouse in fixed-line broadband, mobile and TV. "They've held out the threat of entering in the mobile market and engineered a situation...

  • *Euro STOXX 50 up 1 pct, FTSEurofirst 300 up 0.4 pct. The euro zone Euro STOXX 50 index was up 1 percent at 3,225.47 points at 1150 GMT, taking its gain since the close on Thursday to 4 percent. Around Europe, Germany's DAX index and France's CAC 40 rose 0.8 percent and 0.9 percent, respectively, outperforming a 0.1 percent fall in Britain's FTSE 100 and Switzerland's SMI.

  • UPDATE 2-BT in talks to buy UK mobile operator Monday, 24 Nov 2014 | 6:31 AM ET

    LONDON/ MADRID Nov 24- Britain's BT Group is in early stage talks with Spain's Telefonica on a deal to buy UK mobile operator O2, with two sources saying it has also begun negotiations with EE as it seeks a return to the British consumer mobile market. Both Telefonica and BT confirmed they were in talks after Spanish website El Confidencial reported that O2 could be...

  • MADRID/ LONDON, Nov 24- Spain's Telefonica could sell its UK mobile operator O2 to British Telecom in return for a 20 percent stake in BT as part of a "strategic alliance" to strengthen the pair, Spanish website El Confidencial reported on Monday. A deal would bring O2- among Britain's leading mobile operators alongside EE and Vodafone- back into the BT fold, having...

  • Telefonica in talks to sell O2 to BT - report Monday, 24 Nov 2014 | 2:22 AM ET

    MADRID, Nov 24- Spain's Telefonica could sell its UK mobile operator O2 to British Telecom in return for a 20 percent stake in BT as part of a "strategic alliance" to strengthen the pair, Spanish website El Confidencial reported on Monday. "According to various sources, the talks between Telefonica and British Telecom are advanced although no final deal has been...

  • Spain's Telefonica sells 2.5 pct of China Unicom Monday, 10 Nov 2014 | 11:54 AM ET

    MADRID, Nov 10- Spanish telecoms giant Telefonica SA said on Monday it had sold a 2.5 percent stake in China Unicom Ltd in a block trade for about 687 million euros.

  • *Telecom Italia CEO says "mandatory" to explore deal with Oi. *Brazil remains strategic, but sale of local unit possible. MILAN, Nov 7- Telecom Italia must explore the possibility of buying or merging with Brazilian telecoms operator Oi, CEO Marco Patuano said on Friday, as the company tries to strengthen the position of its local subsidiary.

  • The group, in which Mexican billionaire Carlos Slim's America Movil has a 21.4 percent stake, said the improvement was most noticeable in its consumer mobile and business operation, though core profit still fell by 15 percent. It also sold its German business E-Plus to Spain's Telefonica in a deal valued at 8.6 billion euros. The company competes with Vodafone...

  • LONDON/ PARIS/ FRANKFURT, Oct 23- EE, Britain's largest mobile network operator, is braced for the increasing convergence of mobile and fixed-line services in the UK market next year and the pace of consolidation is likely to pick up, Gervais Pellissier, a lead director of EE, said on Thursday. EE, formerly known as Everything Everywhere, is a joint venture of Deutsche...

  • MADRID, Oct 15- Spanish companies which got tax breaks when they bought indirect stakes in firms overseas will have to repay the money, the European Commission said on Wednesday, adding the benefits breached European Union rules on state aid. Spanish bank Santander, energy company Iberdrola and telecoms group Telefonica would be among those affected by the...

  • *Vodafone's New Zealand move is model for cable strategy. LONDON, Oct 14- For those investors questioning the potential of Vodafone's 12 billion pound move into the European cable business, the company's experience in New Zealand shows what can be achieved. The conditions Vodafone had faced in New Zealand were not unlike those confronting it today in its big...

  • MILAN, Oct 7- Telecom Italia's majority-owned Brazilian mobile firm is considering investing an extra 750 million euros over three years to improve its network, said a person with knowledge of the plan, as the company tries to regain momentum in a key overseas market. Telecom Italia lost out to Spain's Telefonica last month in a $9 billion battle to buy the...

  • *Reported 2013 loss of 91.5 mln stg vs 2012 loss of 34.4 mln stg. FRANKFURT, Oct 6- Telecoms company Truphone will forge ahead with rapid expansion of its ground-breaking new business model, its chief executive said on Monday, as it seeks to reverse deepening losses stemming from heavy investment in the reinvention of its global network. "We are doing away with the...

  • SAO PAULO, Oct 2- Mergers and acquisitions in Brazil gained momentum in the third quarter despite rising economic and political risks, as foreign companies and private-equity firms scoured for takeover targets, hoping to tap the country's long-term potential. Companies announced $23.26 billion worth of deals in Brazil between July 1 and Sept. 30, up 76 percent...