AT&T Inc. Chief Executive Officer Randall Stephenson comes to Europe several times a year bearing a message: The region would do well to learn from the Americans in developing new mobile technology. Problem is, Europe isn’t particularly interested in the lesson.
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.
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.
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.
Some Telecom Italia SpA directors are attempting to make it more difficult for investor Telefonica SA to sell the company’s Brazilian business, according to two people with direct knowledge of the matter.
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).