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Telefonica SA

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  • Mobile industry tiptoes towards 5G Sunday, 1 Mar 2015 | 9:57 AM ET

    BARCELONA, March 1- Running short of dramatically new phone designs, leaders of the world's wireless industry agree their next big idea is 5 G, shorthand for the fifth generation of networks they expect to have up and running by 2020.. That will not stop network equipment makers such as China's Huawei and France's Alcatel-Lucent and dozens of newer players from...

  • *Vodafone, alternative ops warn on "re-monopolisation". Germany's Deutsche Telekom and Spain's Telefonica have predicted that revenues will grow this year, while France's Orange and Norway's Telenor have promised higher future dividends, a major motivation for investors in the sector. Deutsche Telekom Chief Executive Tim Hoettges attributed the rebirth...

  • *Vodafone, alternative ops warn on "re-monopolisation". Germany's Deutsche Telekom and Spain's Telefonica have predicted that revenues will grow this year, while France's Orange and Norway's Telenor have promised higher future dividends, a major motivation for investors in the sector. Deutsche Telekom Chief Executive Tim Hoettges attributed the rebirth...

  • *Cheung Kong net HK $54 bln vs HK $37 bln analyst view. Li has been selling assets and increasing the pace of overseas acquisitions- particularly infrastructure, telecoms and retail businesses in Europe- sparking speculation that he is withdrawing from Hong Kong and mainland China, a claim he has consistently denied. Li's family sold more than $2 billion worth of...

  • MADRID, Feb 25- Spain's Telefonica gave upbeat sales growth forecasts on Wednesday after the devaluation of the bolivar hit its Venezuelan business badly last year and helped knock more than a third off net profit. The company said it would pay a 0.75 euro dividend in each of the next two years and cancel share capital, helping maintain one of the highest dividend...

  • MADRID, Feb 25- Spain's Telefonica gave an upbeat forecast for sales growth over the next two years as it reported 2014 results hit by one-off factors such as a weaker Venezuelan currency and restructuring costs in Germany. Seeking to cut debt and focus spending on core markets in Spain, Germany and Brazil, Telefonica has sold units in Ireland and the Czech...

  • European shares pause rally after mixed corporate results Wednesday, 25 Feb 2015 | 4:20 AM ET

    PARIS, Feb 25- European shares were steady on Wednesday morning, pausing a recent sharp rally that propelled both Britain's FTSE 100 and Germany's DAX to record highs as investors combed through mixed corporate results. Europe's second-biggest insurer AXA rose 4.6 percent after posting a 12 percent increase in 2014 net profit and voicing confidence in its...

  • MILAN/ LONDON, Feb 20- Telecom Italia posted a further fall in sales and profits on Friday but said the pace of decline was slowing as it steps up spending on faster fixed and mobile networks in Italy and Brazil. Outlining its new investment plan, the heavily indebted company said it would spend 14.5 billion euros in the next three years on laying more fibre optic...

  • *Telecoms hindered by Orange, Telefonica. LONDON, Feb 17- Athens stocks fell in choppy trade on Tuesday to hinder European shares after debt talks between Greece and euro zone finance ministers broke down, putting the country's future in the euro zone at risk. It's in no one's interests for Greece to leave the euro, "said Joe Rundle, trader at ETX Capital.

  • Ford Motor Co, wrote off its entire investment in Venezuela last month when it took an $800 million pre-tax write down, the company said in response to questions from Reuters. That means no matter how much worse things get in Venezuela it shouldn't have to take further impairment charges. The slow torture of operating in Venezuela led PepsiCo to report last week a...

  • CARACAS, Feb 12- Venezuela on Thursday unveiled a devaluation of 69 percent at the opening of a new free-floating currency exchange rate system, part of President Nicolas Maduro's efforts to stem capital flight and shore up the OPEC nation's coffers amid tumbling crude prices. It could also lead to billions of dollars in write-downs by foreign corporations...

  • CARACAS, Feb 11- Venezuela's dollar-denominated bonds tumbled across the board on Wednesday after the government announced a new foreign exchange platform that was widely seen as insufficient to resolve the country's economic crisis. "The persistence of large distortions in the FX market will make it more difficult for the government to make necessary...

  • CARACAS, Feb 10- Venezuela launched a "free" foreign exchange platform on Tuesday that will likely devalue the bolivar in efforts to bolster state coffers amid tumbling oil revenue, although it risks causing a spike in already soaring inflation. The change could lead to billions of dollars in write-downs by foreign corporations with exposure to Venezuela...

  • LONDON, Feb 6- Morgan Stanley co-head of mergers and acquisitions for EMEA Johannes Groeller is to join Paul Taubman's advisory boutique, a source familiar with the move said. Groeller, who previously served as Morgan Stanley's co-head of investment banking in Germany and Austria, is the latest managing director to leave the "bulge bracket" bank and join...

  • LONDON, Feb 5- BT finalised a deal on Thursday to buy mobile operator EE for 12.5 billion pounds and now faces a contested approval process to seal its status as Britain's dominant communications company. BT had spent the last few weeks in exclusive talks with the owners of EE, Orange and Deutsche Telekom, about a deal. "The UK's leading 4 G network will now dovetail...

  • UPDATE 1-BT finalizes deal to buy EE -source Wednesday, 4 Feb 2015 | 2:43 PM ET

    LONDON, Feb 4- BT has reached agreement with Orange and Deutsche Telekom to buy their UK mobile network operator EE and a deal could be announced as early as Thursday morning, a person familiar with the situation said. In December BT said that if the deal went through it expected to pay for EE with a roughly 50:50 split of cash and shares for a combined value of 12.5...

  • LONDON, Feb 2- Spanish and Italian shares weighed on European equity indexes on Monday as investors grew more worried about the possible ramifications of Greece's debt negotiations for the rest of the euro zone periphery. In its first week in office, Greece's new government has made clear it wants to end its existing funding arrangement with the European Union,...

  • LONDON, Feb 2- Some of the world's biggest sovereign wealth funds are in talks to provide financial backing for Hutchison Whampoa's acquisition of Telefonica's British mobile business, the Telegraph newspaper reported, citing unidentified sources. The 10 billion pound move by Li Ka Shing's Hutchison to merge its Three Mobile network with Telefonica's O2 UK...

  • Why are Asian tech firms looking to Europe   Friday, 30 Jan 2015 | 12:33 AM ET
    Why are Asian tech firms looking to Europe

    Paul Haswell, Partner of Pinsent Masons, explains why more Asian technology players are seeking merger and acquisition opportunities in Europe.

  • BRASILIA, Jan 29- Brazil's government has no preferred model for consolidation of the country's telecom market, a source told Reuters on Thursday, leaving behind the days when Brazilian telecom company Oi SA was held up as a "national champion." Oi has been in talks with Spain's Telefonica SA and Mexico's America Movil SAB about making a joint bid to buy rival TIM...