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
*Telefonica must sell spectrum, rent out network capacity. BRUSSELS, July 2- Spain's Telefonica won EU antitrust clearance for its 8.6- billion-euro takeover of KPN's German mobile arm E-Plus, giving it a stronger position in Europe's largest phone market.
BRUSSELS, July 2- Spain's Telefonica won EU antitrust clearance for its 8.6- billion-euro takeover of KPN's German mobile arm, giving it a stronger position in Europe's largest phone market and marking a milestone in telecoms consolidation.
*Move to make Telefonica biggest Telecom Italia investor. MILAN, June 16- Italian banks Intesa Sanpaolo and Mediobanca moved on Monday to leave the shareholder pact that controls Telecom Italia, following insurer Generali and making way for new investors in the phone company.
BRUSSELS, June 16- The European Union is teaming up with South Korea to jointly research the next generation of mobile broadband technology, hoping the Asian country's expertise will help it catch up in a field crucial for economic growth and jobs.
LONDON, June 13- For decades many of Italy's top companies have been in the grip of shareholder pacts, often stifling reform, but its largest telecoms operator, Telecom Italia, could soon break free, letting in activist investors who sense an opportunity for profitable change.
MEXICO CITY, June 6- Mexican telecommunications company iFone said on Friday, after winning a trademark ruling, it aims to seek damages from three local cellphone providers for using the Apple brand iPhone to sell services.
Apple Inc, maker of iPhone smartphones, was not affected by the ruling by the Mexican Institute for Industrial Property against America Movil, Telefonica and Iusacell for advertising mobile phone subscriber plans with the name "iPhone" in the title. "Apple doesn't have a problem because they just sell telephones," another official at the IMPI said.
*Euro STOXX 50 up 0.2 pct; DAX flat. PARIS/ LONDON, June 5- Main euro zone equity indexes treaded water on Thursday ahead of a European Central Bank meeting which is expected to yield fresh measures to spur growth.
LONDON/ PARIS, June 4- French telecoms firm Orange has hired investment banks Lazard and Credit Suisse to assess a potential purchase of rival Bouygues Telecom, a deal that could top 6 billion euros, two people close to the situation said.
LONDON, June 3- Hutchison Whampoa has resumed talks with Russian telecoms group Vimpelcom over merging their Italian mobile firms, encouraged by Hutchison's 3 getting the go-ahead last week for an acquisition in Ireland, according to several people familiar with the situation.
MEXICO CITY, June 3- The Mexican unit of Spain's Telefonica said on Tuesday it will focus on expanding its mobile business rather than adding new services as it tries to capitalize on a regulatory overhaul and steal market share from telecoms tycoon Carlos Slim.
Speculation about a possible consolidation in Brazil's telecom market has circulated since last year, but GVT's statement was the first outright opposition from a rival of TIM Brasil, the local unit of Telecom Italia SPA.
*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.