AT&T Inc.’s plan to buy U.S. satellite-TV provider DirecTV to fend off mounting competition at home means the carrier’s aspirations to expand in Europe by purchasing Vodafone Group Plc may be off the table for now.
BT Group Plc beat analysts’ earnings estimates for the sixth consecutive quarter as the biggest U.K. broadband provider lured new customers with the promise of free soccer and rugby games. Shares rose the most in eight months.
Oi SA’s preferred shares fell to a record low after the company was said to raise 8.25 billion reais ($3.71 billion) by selling stock at a price below yesterday’s close. The funding paved the way for a merger with Portugal Telecom SGPS SA.
Oi SA, Brazil’s biggest phone carrier, raised 8.25 billion reais ($3.7 billion) in a capital increase, paving the way for a merger with Portugal Telecom SGPS SA, according to people with knowledge of the matter.
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 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.