Vodafone Group Plc raised its preliminary offer to buy Kabel Deutschland Holding AG to about 7.5 billion euros ($10 billion) to persuade Germany’s largest cable company to enter talks, said people familiar with the bid.
Italy’s telecommunications authority may oppose Telecom Italia SpA’s efforts to keep the rate it charges competitors for grid access once the company spins off the fixed-line network, according to two people familiar with the situation.
Solarworld AG, Germany’s biggest maker of solar panels, rose the most in four months after newspapers reported that Qatar Solar Technologies will help finance a restructuring by acquiring a 30 percent stake.
Telefonica SA, Spain’s biggest phone company, rose the most in three months in Madrid trading after newspaper El Mundo reported that AT&T Inc. made a takeover approach that was rejected by the country’s government.
Telkom SA SOC Ltd. said full-year losses widened more than fifty-fold to 11.6 billion rand ($1.17 billion) after it wrote down the value of its assets, making it the biggest loss by a South Africa-based non-mining company.
Vodafone Group Plc, which has approached Germany’s Kabel Deutschland Holding AG about a takeover, is also considering an eventual acquisition of Fastweb SpA in Italy to expand its fixed-line and Internet assets, people familiar with the matter said.