Vivendi said it raised its stake in Telecom Italia to 14.9 percent, replacing Telefonica as its biggest shareholder.» Read More
Spanish telecom giant Telefonica said Monday its second-quarter net profit more than doubled, boosted by a 1.3 billion euros ($1.8 billion) capital gain from the sale of radio operator Airwave.
Spanish telecoms company Telefonica has offered Portugal Telecom more than 3 billion euros ($4.1 billion) to buy full control of their Brazilian mobile unit Vivo, the Financial Times reported.
Spanish-owned mobile phone operator O2 has yet to sign any deal to bring iPhone mobile phones -- Apple's latest "must-have" gadget -- to Britain.
EU regulators fined Spain's Telefonica 151 million euros ($205 million) on Wednesday, claiming the company unfairly squeezed rivals by setting wholesale Internet prices too high to allow them turn a profit.
Portugal Telecom said on Wednesday it has not made an offer to buy shares in Brazilian telecoms operator Telemar.
Spain's Telefonica announced a 7.7% rise in first-quarter net profit on Wednesday, meeting expectations as a strong performance in Latin America was coupled with booming broadband growth at home.
Spain's Telefonica has reached a deal to sell the Dutch TV company Endemol, creator of the "Big Brother" show, for 2.63 billion euros ($3.55 billion) to a consortium including the Mediaset media empire controlled by former Italian Premier Silvio Berlusconi's family, Mediaset said in a statement.
Australia's Macquarie Bank said on Wednesday that two of its infrastructure funds have bought secure digital radio network Airwave from Spain's Telefonica for $3.82 billion.