Telefonica Sa News
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EE, the U.K. joint venture owned by Deutsche Telekom AG and France Telecom SA, said it has signed up almost 400,000 fourth-generation mobile customers in its first six months.
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Telecom Italia SpA, the phone company that’s exploring a separation of its fixed-line assets, is considering a sale of an initial 30 percent stake in a new company to state lender Cassa Depositi e Prestiti, according to two people familiar with the matter.
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France Telecom SA had its debt rating cut one step by Standard & Poor’s, which cited pricing pressure in the French wireless market and a bigger-than- anticipated decline in earnings this year.
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BT Group Plc, BAE Systems Plc and Vodafone Group Plc are poised to submit final bids in a 12.1 billion-pound ($18.5 billion) U.K. program to install smart meters in every home.
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Telecom Italia SpA is in favor of letting Hutchison Whampoa Ltd. acquire no more than 10 percent of a combined carrier, a smaller stake than the Hong Kong company wants, according to a person familiar with the matter.
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A financing arm of Telefonica SA, Spain’s biggest phone-services company, sold $2 billion of debt yesterday in the unit’s first dollar-denominated sale in two years.
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Telefonica SA plans to increase spending in Venezuela this year to hedge against a further decline in the value of cash it can’t repatriate to Spain, according to a company presentation seen by Bloomberg News.
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Telecom Italia SpA, which received approval from its board to pursue a possible merger with Hutchison Whampoa Ltd.’s Italian business, said billionaire Li Ka-shing’s company would want control of any combined entity.
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Telecom Italia SpA, which received approval from its board to pursue a possible merger with Hutchison Whampoa Ltd.’s Italian business, said billionaire Li Ka-shing’s company would want control of any combined entity.
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Telecom Italia SpA directors took little time to turn down a 2 billion-euro ($2.6 billion) offer five months ago by Egyptian billionaire Naguib Sawiris to buy a stake in the phone company. As another tycoon approaches, the board will find it’s in a weaker position to bargain this time.
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