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Telefonica SA

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  • 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...

  • 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...

  • LONDON, Jan 29- Britain's dominant pay-TV group Sky plans to launch a mobile service from 2016 through a deal with O2 owner Telefonica, ramping up the pressure in the country's already crowded communications market. Sky, which raced to become the country's second-largest provider of home broadband after entering the market just seven years ago, will offer...

  • LONDON, Jan 29- Britain's dominant pay-TV group Sky plans to launch a mobile service from 2016 through a deal with O2 owner Telefonica, ramping up the pressure on the country's already crowded communications market. Sky, which raced to become the country's second largest provider of home broadband after entering the market just seven years ago, will offer voice...

  • Jan 26- AT&T Inc said it will buy bankrupt NII Holdings Inc's wireless business in Mexico for $1.875 billion, less outstanding net debt. NII Holdings, the parent of Nextel operators in Latin America, filed for bankruptcy protection in the United States in September after struggling with $5.8 billion in debt and fierce competition in Brazil and Mexico.

  • HONG KONG, Jan 26- Li Ka- shing's hectic start to 2015 has meant record Asia M&A, loan and equity deals so far this month- good news for investment bankers close to the 86- year-old Hong Kong tycoon's empire. The brisk business- $108 billion of Asia M&A makes it the best start to a year, according to Thomson Reuters data- raises hopes that the Chinese Year of the Goat could...

  • RIO DE JANEIRO/ SAO PAULO/ MILAN, Jan 23- Oi SA, Brazil's most indebted phone carrier, is open to all options in a potential process of industry consolidation as long as the transaction helps create value for shareholders, Chief Executive Officer Bayard Gontijo said on Friday. However, management at Telecom Italia SpA, TIM's controlling shareholder, plans to meet...

  • *Telefonica exiting UK to cut debt. MADRID/ HONG KONG, Jan 23- Li Ka- shing's Hutchison Whampoa Ltd has agreed to buy Telefonica's British mobile unit O2 for up to 10.25 billion pounds, as Asia's richest man makes his boldest bet yet to revamp his European telecoms business. Hutchison already operates the Three Mobile network in Britain, and buying second-ranked O2...

  • HONG KONG, Jan 23- Hutchison Whampoa Ltd group finance director Frank Sixt said on Friday the company is in talks with private equity firms among others to offer a minority stake in its planned bid for Telefonica's British unit O2. Earlier, Hutchison confirmed that it was in exclusive talks to buy O2 for up to 10.25 billion pounds as Asia's richest Li Ka- shing makes...

  • HONG KONG, Jan 23- Li Ka- shing's Hutchison Whampoa Ltd said on Friday it had entered into exclusive talks to buy Telefonica's> British mobile unit O2 for up to 10.25 billion pounds. Hutchison, which already operates the Three Mobile network in Britain, agreed to pay an indicative price of 9.25 billion pounds, the company said in a securities filing to the Hong Kong...

  • Why is Li Ka-shing going on a buying spree in Europe?   Thursday, 22 Jan 2015 | 10:36 PM ET
    Why is Li Ka-shing going on a buying spree 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 exiting UK to cut debt. MADRID/ HONG KONG, Jan 23- Li Ka- shing's Hutchison Whampoa Ltd is set to buy Telefonica's British mobile unit O2 in a deal valued at more than 10 billion pounds, a source with direct knowledge of the matter said, as Asia's richest man makes one of his biggest bets yet to revamp his European telecoms business. The agreement is likely to...

  • Hutchison to buy Telefonica UK unit for $15 billion Thursday, 22 Jan 2015 | 7:51 PM ET

    Telefonica has agreed to sell its British unit O2 to Hutchison Whampoa in a deal valued at more than 10 billion pounds ($15 billion).

  • Telecommunications are 'scale games': Analyst   Thursday, 22 Jan 2015 | 7:50 PM ET
    Telecommunications are 'scale games': Analyst

    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 set to sell British branch O2 for £10B Thursday, 22 Jan 2015 | 7:33 PM ET
    A man works on the stand of mobile operator O2 at the CeBIT fair grounds in Hanover, Germany, in this March 6, 2006 photo.

    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.

  • Jan 22- Telefonica SA is set to agree to a cash deal of 10 billion pounds to sell 02, its British mobile company, to Hong Kong tycoon Li Ka- shing's Hutchison Whampoa Ltd, the Financial Times reported on Thursday.

  • *He is Hong Kong's top tax payer for 5 years- report. HONG KONG, Jan 22- In late summer 2014, as mass protests rocked central Hong Kong, Canning Fok sat in his office quietly planning a business overhaul that would make his boss Li Ka- shing, Asia's richest man, richer still. After Li revealed the fruits of Fok's labour on Jan. 9, describing it as a "watershed" moment in the...

  • Hutchison & O2: 'A deal that makes sense'   Monday, 19 Jan 2015 | 4:35 AM ET
    Hutchinson & O2: 'A deal that makes sense'

    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."