Grupo BTG Pactual SA and 13 banks managing Oi SA’s stock offering, part of a capital increase of as much as 24.2 billion reais ($10.6 billion), will no longer commit to buying the shares should investor demand fall short.
Vodafone Group Plc, the world’s second-largest wireless carrier, agreed to buy Spanish cable operator Grupo Corporativo Ono SA in a 7.2 billion-euro ($10 billion) transaction to boost TV and broadband offerings.
America Movil SAB, the telecommunications giant that propelled Carlos Slim to the world’s biggest fortune, will lose out on $1 billion in profit over three years because of long-awaited regulations imposed in Mexico, said Sanford C. Bernstein & Co. and Banco Itau BBA SA.
America Movil SAB withdrew its 7.2 billion-euro ($9.7 billion) offer for shares of Royal KPN NV after talks broke down with the Dutch phone carrier, striking a blow to billionaire Carlos Slim’s European strategy.
Bouygues SA, seeking to preempt antitrust concerns over its proposed wireless merger with Vivendi SA’s SFR, is in talks to sell spectrum and its network to Iliad SA for as much as 1.8 billion euros ($2.5 billion).
Vivendi SA has asked Bouygues SA and Altice SA, the competing bidders for its French phone unit SFR, to submit final offers by tomorrow, giving them a chance to improve their terms, people familiar with the matter said.
The dark horse in a three- billionaire race to win France’s second-biggest phone company amassed his fortune largely away from the public eye, his photo appearing in a newspaper for the first time only in 2009. Patrick Drahi will have to get used to a lot more attention.