The chief executive of Telecom Italia has admitted the company may not be able to avoid further credit downgrades.» Read More
RIO DE JANEIRO, Jan 14- Brazil's competition watchdog Cade has approved the merger of Grupo Oi SA and Portugal Telecom SGPS SA with no restriction, according to a decision published in the country's official gazette on Tuesday. Oi's preferred shares jumped 5.6 percent on the news, which Credit Suisse analysts considered "positive, albeit expected by the market."
PARIS, Jan 6- European shares steadied in early trade on Monday, with investors looking ahead to data on the region's services sector after comparable numbers from China pointed to a sharp slowdown in growth there.
*Telecom Italia surges on speculation of Brazil unit sale. *Europe stocks drew record inflows from US in 2013- Lipper. PARIS, Jan 3- European stocks rose on Friday, recouping some steep losses suffered in the first session of the year, with Telecom Italia surging on speculation of a sale of its Brazilian wireless unit.
*Telecom Italia surges on speculation of unit sale. *Europe stocks saw record inflows from US in 2013- Lipper. PARIS, Jan 3- European stocks rose on Friday, recouping some steep losses suffered in the first session of the year, with Telecom Italia surging on speculation of a sale of its Brazilian wireless unit.
LONDON, Jan 3- European stocks edged higher on Friday, bolstered by a rally in retailers, but the major indexes remained capped below recent 5-1/ 2 year highs as investors locked in profits on a forecast-beating 2013.. The update reassured investors about the health of the broader sector following a profit warning from rival Debenhams.
MILAN, Jan 3- Shares in Telecom Italia rose close to a two-month high on Friday, boosted by the prospect of a sale of its Brazilian wireless unit after a report that Spain's Telefonica is readying a joint offer for TIM Brasil.
MILAN, Dec 23- Telecom Italia is likely to have to give minority investors more say after narrowly surviving an attempt by rebel shareholders to throw out the board, potentially complicating decisions over its prized Brazilian business.
MEXICO CITY, Dec 20- Mexico's telecoms regulator has taken the first steps to weaken Carlos Slim's hold on the phone market, setting out plans to make the billionaire' s fixed-line provider share part of its network.
*Prosecutors investigate deal giving Telefonica more control. ROZZANO, Italy, Dec 20- Telecom Italia's shareholders on Friday rejected by a slim majority an attempt by dissident investors to oust its board, a decision that allows CEO Marco Patuano to pursue his strategy to revive the debt-laden phone company.
ROZZANO, Italy, Dec 20- Telecom Italia's shareholders were meeting on Friday to decide whether to oust the entire board in an attempt by dissident investors to weaken the increasingly powerful influence of rival Spanish group Telefonica.
MILAN, Dec 19- Telecom Italia's shareholders meet on Friday to decide whether to oust the entire board in an attempt by dissident investors to weaken the increasingly powerful influence of rival Spanish group Telefonica.
*BlackRock says has 7.8 pct direct stake in Telecom Italia. *BlackRock stake seen decisive also for Brazil strategy.
*SEC says BlackRock raised Telecom Italia stake to 10.1 pct. MILAN, Dec 16- BlackRock Inc will have to say on Monday what stake it holds in Italy's biggest telecom operator Telecom Italia, after the Italian market watchdog threatened to fine it for not disclosing an increase.
*Telefonica says Brazil watchdog demands "not reasonable". Cade decided Telefonica had to exit its indirect stake in wireless carrier TIM Participações SA, the local unit of Telecom Italia, or seek a new partner for its Vivo mobile phone unit.
Last week, Cade issued a decision requiring Spain's Telefonica SA to exit its indirect stake in TIM or find a new partner for its own local wireless unit, known as Vivo. In the ruling, Cade said TIM Brasil, as the local affiliate of Telecom Italia SpA is known, could not be sold entirely to another carrier operating in Brazil.
*Brazil antitrust watchdog rules against Telefonica. *Telefonica prefers sale of Brazil unit, Fossati against. Telecom Italia's 67 percent stake in TIM Participacoes has become an issue since TIM Brasil's biggest rival, Spain's Telefonica, agreed a deal in September to gradually take over Telecom Italia's controlling shareholder group, Telco.
MILAN, Dec 5- Telecom Italia rebel investor Marco Fossati said on Thursday he was opposed to selling the company's Brazilian mobile unit TIM Participacoes to comply with an antitrust ruling.
LONDON, Dec 5- Retailers and telecoms led European shares lower on Thursday as recent strong economic data heightened worries over the potential for an early winding down of equity-friendly stimulus.
MILAN, Dec 2- Telecom Italia has had no contact with potential buyers of its stake in Brazilian unit TIM Participacoes and has no plans to sell, it said on Monday, dismissing press reports about a possible deal.
MADRID, Nov 26- Spanish oil major Repsol's board is set to accept compensation of $5 billion in bonds for Argentina's nationalisation of its stake in YPF, less than half it had demanded, sources close to the board said.