Senior Correspondent, Spain
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Jan 23, 2015

Li Ka-shing’s Hutchison to buy Telefonica UK unit for $15 billion: source

MADRID/HONG KONG (Reuters) – Li Ka-shing’s Hutchison Whampoa Ltd is set to buy Telefonica’s British mobile unit O2 in a deal valued at more than 10 billion pounds ($15 billion), a source with direct knowledge of the matter said, as Asia’s richest man makes one of his biggest bets yet to revamp his European telecoms business.

The agreement is likely to be announced on Friday and will mark the latest move towards telecoms consolidation in Britain, where the market is split between four mobile network operators and four separately owned fixed-line and broadband providers.

Jan 23, 2015

Li Ka-shing’s Hutchison to buy Telefonica UK unit for $15bln-source

MADRID/HONG KONG, Jan 23 (Reuters) – Li Ka-shing’s Hutchison
Whampoa Ltd is set to buy Telefonica’s
British mobile unit O2 in a deal valued at more than 10 billion
pounds ($15 billion), a source with direct knowledge of the
matter said, as Asia’s richest man makes one of his biggest bets
yet to revamp his European telecoms business.

The agreement is likely to be announced on Friday and will
mark the latest move towards telecoms consolidation in Britain,
where the market is split between four mobile network operators
and four separately owned fixed-line and broadband providers.

Jan 18, 2015

Catalonia takes election gamble to keep independence drive alive

MADRID (Reuters) – Catalonian leaders are hoping that a regional election in September will keep alive a fading independence drive and force the hand of Spain’s central government – but the move could also backfire.

The long push for independence from Spain, which gathered strength during the economic crisis of recent years, is a big headache for Prime Minister Mariano Rajoy, who has taken a hard line on such ambitions.

Jan 16, 2015
Dec 29, 2014
Dec 28, 2014

Rise of Spanish populists overturns two-party system

MADRID, Dec 28 (Reuters) – The sudden rise of a new
anti-establishment party has transformed Spanish politics a year
before a general election, forcing the centre-right government
to veer away from austerity and the left-leaning opposition to
scramble for new leaders.

In just a year since its founding, the party “Podemos” – We
Can – has overturned the two party system in place since Spain
embraced democracy in the 1970s. It is now polling around even
with the ruling People’s Party (PP) and main opposition
Socialists, and has even led in some polls.

Dec 16, 2014

Repsol to buy Talisman Energy for $13 billion

MADRID (Reuters) – Spain’s Repsol has agreed to buy
Talisman Energy, Canada’s fifth-largest independent oil
producer, for $13 billion, showing how the drop in oil prices is
pushing energy companies to take the plunge on big M&A deals.

A near halving in the oil price since June has lowered price
tags on producers like Talisman, spurring renewed interest from
Repsol which has long been searching for oil and gas assets in
North America and elsewhere.

Dec 16, 2014

Repsol close to buying Talisman Energy – source

MADRID, Dec 15 (Reuters) – Spanish oil major Repsol
is close to buying Canada’s fifth-largest independent petroleum
producer, Talisman Energy, a source with knowledge of
the matter said on Monday.

The source, speaking on condition of anonymity, said the
board of Repsol had approved making an offer for the Canadian
company, and Talisman’s board was now meeting to review it.

Dec 5, 2014

Court case comes back to cloud Bankia recovery plan

MADRID, Dec 5 (Reuters) – A long-running court investigation
into the flotation and bailout of Bankia, which could
end with the Spanish bank having to pay 3 billion euros ($3.7
billion) to wiped-out shareholders, is coming back to cloud the
lender’s future.

Once a symbol of Spain’s financial crisis, Bankia had
evolved into a sign of the country’s recovery after returning to
profit in 2013. The state has begun selling its majority stake.

Dec 3, 2014

EU regulators to widen probe into Orange, Jazztel deal -sources

BRUSSELS/MADRID, Dec 3 (Reuters) – EU antitrust regulators
are likely to expand their scrutiny of Orange’s
3.4-billion-euro ($4.2 billion) bid for Jazztel,
stepping up pressure on the companies to enhance their
concessions, two sources familiar with the matter said on
Wednesday.

Orange, France’s largest mobile firm, is looking to use the
deal to get ahead of rival Vodafone in the Spanish
mobile market. Telefonica is the market leader there.

    • About Julien

      "Julien is based in Madrid where he covers Spain's economy and politics. He previously worked in Brussels where he reported for four years on Europe's debt crisis, financial regulation and foreign affairs. He also dealt with a wide range of EU issues and policy, from trade and competition to energy, climate change, agriculture as well as Nato and Belgium. He joined Reuters in Paris in 2006."
      Joined Reuters:
      2006
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