Spanish telecommunications firm Telefónica has agreed to sell its O2 U.K. operation to Hutchison Whampoa.
Paul Haswell, Partner of Pinsent Masons, explains why more Asian technology players are seeking merger and acquisition opportunities in Europe.
Asia's richest man Li Ka-shing set his sights on Europe likely because asset prices could inflate after the ECB's stimulus package, says Alex Wong, Director, Asset Management at Ample Capital.
Telefonica has agreed to sell its British unit O2 to Hutchison Whampoa in a deal valued at more than 10 billion pounds ($15 billion).
Chris Lane , Senior Research Analyst at Sanford C. Bernstein, discusses news that Telefónica may sell its British mobile business to Li Ka-shing's Hutchison Whampoa..
Telefónica is poised for a cash deal of more than £10 billion to sell O2 to Whampoa, a move that would create the UK's largest mobile group.
Hutchison Whampoa is in talks with Telefonica about buying O2. CNBC's Helia Ebrahimi says Telefonica is known for its high amount of debt, so it's "a keen and willing seller."
Monitise connects banks with mobile operators and technology companies, so people can use their phones for bank details and purchasing goods globally, says Alastair Lukies, Co-CEO of Monitise.
UK telecoms group says it has been approached by shareholders in Telefonica and another UK operator about their British businesses.
Vivendi has closed the deal to sell its Brazilian broadband business to Spain's Telefonica for cash and shares worth nearly $10 billion.
Some of the names on the move ahead of the open.
Telecom Italia CEO Marco Patuano says the company has not received any offers for its TIM Brasil unit after losing out in a battle to buy Brazilian broadband company GVT from Vivendi.
Telecom Italia and Telefonica made rival offers for Vivendi's Brazilian unit GVT as the battle over Brazil's telecoms market ramped up.
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.
Data roaming charges will be slashed by more than half in the EU next month as lawmakers push ahead with plans to scrap the fees altogether.
The European Parliament voted to end mobile phone roaming fees by 2016 and barred telecoms operators from prioritizing some Internet traffic over others.
The chief executive of Telecom Italia has admitted the company may not be able to avoid further credit downgrades.
Robin Bienenstock, senior research analyst at Sanford C. Bernstein, comments on Telefonica's performance, its Brazilian asset and how a merger with Telecom Italia would be a great opportunity.
October's jobs report is expected to be one of the weakest of the year, distorted by the impact of the 16-day government shutdown.
Shares in Telecom Italia rose 3 percent in early trade on Monday, amid renewed speculation it may join a sector merger wave as Verizon Communications and Vodafone were set to announce a $130 billion deal.