Drillisch AG, a German provider of telephone services, rose by the most in a year after analysts at Berenberg Bank said a shift toward selling mobile services itself will prove more profitable that initially estimated.
European stocks posted their longest losing streak in eight weeks amid speculation that the minutes of the Federal Reserve’s July meeting will give further details of when the central bank will slow its monthly bond purchases.
Oi SA Chief Executive Officer Zeinal Bava, saddled with the lowest analyst ratings in Brazil’s phone industry, said he’ll win over skeptics by improving quality and cutting investments at the same time.
The Czech telecommunications regulator called for bids in a rerun auction for mobile frequencies that may allow a new market entrant and threaten incumbent operators who have vowed to dispute the process.
Spain’s Telefonica SA is the preferred bidder for two smart metering communications contracts worth 1.5 billion pounds ($2.33 billion), the U.K. government said, granting the industry’s biggest deal yet.
Yields on euro-denominated corporate bonds have fallen below those in dollars by the most in more than four years, as debt investors seek assets in a region where central bankers are showing few signs of paring stimulus measures.
Royal KPN NV’s independent foundation, which has the power to defend the Dutch carrier from a takeover, said it’s concerned that Carlos Slim’s America Movil SAB isn’t being clear about its $9.6 billion offer.
America Movil SAB has a plan in place to ensure its credit rating isn’t lowered because of its offer to take control of Dutch phone company Royal KPN NV, Chief Financial Officer Carlos Garcia-Moreno said in an interview.