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.
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.
Vodafone Group Plc’s victory in a four-year-long tax dispute in India clears the way for an initial public offering that may value its local mobile-phone unit at as much as 11.3 billion pounds ($17.6 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.
As Vodafone Group Plc nears an exit from its 14-year-old U.S. wireless venture with Verizon Communications Inc., Europe’s biggest mobile-phone company may have to make a tough choice: buy or be bought.
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.
AT&T Inc., responding to speculation over a possible takeover bid for Vodafone Group Plc, said it doesn’t plan to make an offer for the U.K. wireless carrier. Vodafone shares fell the most in four months in London trading.
Vodafone Group Plc advanced after Verizon Communications Inc.’s chief executive officer was reported to say that his company could buy the U.K. carrier’s stake in their U.S. joint venture Verizon Wireless.
Telefonica SA’s German unit is likely to face objections from European Union regulators over its 8.55 billion euro ($11.8 billion) bid for Royal KPN NV’s E- Plus, two people familiar with the matter said.