The downfall of Gowex—a company once heralded as a Spanish tech success story—has raised concerns about the strength of some the country's companies.» Read More
*Looking at up to 5 telecoms deals in Europe worth over $1 bln. MOSCOW, June 2- Russian billionaire Mikhail Fridman's Alfa-Group wants to invest billions of dollars of proceeds from the sale of oil firm TNK-BP into telecoms assets in Europe, looking to capitalise as the industry consolidates.
*Telefonica's German deal could be set similar conditions. BRUSSELS, May 28- Hong Kong- based Hutchison Whampoa got the approval of the European Union's competition authority on Wednesday for its $1 billion bid for Telefonica's Irish mobile business in a case that could set the regulatory tone for Telefonica's bigger pending German merger deal.
BRUSSELS, May 27- Europe needs to sort out its fragmented telecoms market and regulatory imbalances if it is to spur a new generation of technology start-ups and create its own version of America's Silicon Valley.
LONDON, May 20- Britain's Vodafone said next year's earnings would be hit by vital investment in its network, as it reported a 6.6 billion-pound dent to its 2014 results from writing down the value of European operations struggling in a tough market.
BRUSSELS, May 16- Hutchison Whampoa is set to gain regulatory clearance for its $1 billion bid for Telefonica's Irish business as soon as it signs a separate deal aimed at creating a fourth mobile operator in Ireland, two people with knowledge of the matter said on Friday.
MADRID, May 13- Spain raised billions of euros for both public and corporate coffers on Tuesday, taking advantage of demand for euro zone peripheral debt as economic concerns ease and investors search for yield.
MADRID, May 13- Spain raised billions of euros for both public and corporate coffers on Tuesday, taking advantage of massive demand for euro zone peripheral debt as economic concerns ease and investors search for yield.
Wal-Mart should face lawsuit over alleged Mexico bribery- U.S. judge. Wal-Mart Stores Inc should face a U.S. lawsuit accusing it of defrauding shareholders by concealing suspected corruption at its Mexico operations, even after learning that a damaging media report detailing alleged bribery was being prepared, a federal judge says.
*Telefonica falls after Q1 profits miss forecasts. LONDON, May 9- European shares retreated on Friday as a disappointing business update from leading telecoms group Telefonica sobered the mood after a rally the previous day.
*Apple reportedly close to deal for Beats Electronics. *Apple Inc is close to paying a record $3.2 billion for Beats Electronics, two people with knowledge of the matter said, an expensive foray into music streaming and headphone gear.
*Telefonica falls after Q1 profits miss forecasts. LONDON, May 9- European shares retreated on Friday as a disappointing business update from leading telecoms group Telefonica sobered the mood after a rally on the previous day.
MADRID, May 9- Spain's Telefonica set the tone for another difficult year as it missed first-quarter earnings forecasts, hit by falling sales in Europe, weaker currencies in Latin America and the sale of its Czech unit last year.
LONDON, May 9- Lower-rated euro zone bond yields fell to fresh record lows and the common currency slid further on Friday as investors positioned for more monetary stimulus from the European Central Bank.
*Telefonica falls after Q1 profits miss forecasts. LONDON, May 9- European shares slipped back on Friday as disappointing business updates from leading companies such as telecoms operator Telefonica sobered the mood after a rally on the previous day.
LONDON, May 9- European stocks edged lower on Friday as disappointing updates from blue chips such as Spanish telecoms operator Telefonica sobered the mood after a market rally on the previous day. Shares in heavyweight Telefonica fell 1 percent as the company missed market expectations with a 23 percent fall in net profit.
LONDON/ NEW YORK/ PARIS, May 1- Publicis and Omnicom have lost more than $1.5 billion of client work in recent weeks and face a fight to retain billions more, including a huge Samsung contract, just as the two advertising firms struggle to keep their merger on track.
SAO PAULO/ NEW YORK, April 28- Brazilian wireless and fixed-line carrier Grupo Oi SA took the biggest step yet toward combining with partner Portugal Telecom SGPS SA on Monday by completing Brazil's largest follow-on share offer in almost four years at the lowest price expected.
NEW YORK/ SAO PAULO, April 28- Grupo Oi SA took the biggest step yet toward combining with partner Portugal Telecom SGPS SA late on Monday by pricing Brazil's only share offering this year at the lowest price expected.
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.
The European Parliament voted to end mobile phone roaming fees by 2016 and barred telecoms operators from prioritizing some Internet traffic over others.