Leila's Feed
Jul 29, 2014

Orange’s network investments help ward off low-cost rivals in France

PARIS, July 29 (Reuters) – Telecoms operator Orange
has begun to see the fruits of investing in faster
fibre and mobile broadband networks in its key home market, as
its high-end focus insulates it from aggresively priced fixed
plans offered by rival Bouygues.

As it posted in line second-quarter results, France’s
largest carrier said that some 60 percent of new mobile
customers were signing up for high-end plans that include 4G and
that 50,000 new customers had signed up to its fibre broadband
offers, taking the total to 415,000.

Jul 25, 2014

Europe debates how far to push “right to be forgotten”

PARIS/BRUSSELS (Reuters) – European regulators have not yet decided whether to try to force search engines such as Google and Microsoft’s Bing to scrub results globally when people invoke their “right to be forgotten” in the region.

Isabelle Falque-Pierrotin – who heads France’s privacy watchdog and the WP29 group of EU national data protection authorities – said in an interview on Friday that no consensus had yet been reached on what she called a “complicated issue”.

Jul 25, 2014

Murdoch’s Fox vows to be ‘disciplined’ on deals, extend buybacks

NEW YORK/LONDON (Reuters) – Rupert Murdoch’s Twenty-First Century Fox Inc (FOXA.O: Quote, Profile, Research, Stock Buzz) said on Friday it would only consider deals that are “disciplined” and increase shareholder value, a move analysts said signalled the media company does not want to overpay for takeover target Time Warner (TWX.N: Quote, Profile, Research, Stock Buzz).

Fox is expected to use the $7.2 billion proceeds from its partial exit from Europe’s pay TV market to fuel its pursuit of Time Warner (TWX.N: Quote, Profile, Research, Stock Buzz), which recently rejected Fox’s initial $80 billion bid. Some investors expect it to return with a higher offer.

Jul 25, 2014

BSkyB to pay 5.3 billion pounds to create Sky Europe

LONDON/PARIS (Reuters) – Britain’s BSkyB has agreed to pay $9 billion (5.3 billion pound) to buy Rupert Murdoch’s pay-TV companies in Germany and Italy, taking its hunt for growth into Europe by creating a media powerhouse with 20 million customers.

BSkyB, in which Murdoch’s 21st Century Fox is also the largest shareholder, will pay for the deal using cash, debt, its stake in a TV channel and a placing of shares that represents around 10 percent of its issued share capital.

Jul 25, 2014

BSkyB to pay $9 billion to create Sky Europe

LONDON/PARIS, July 25 (Reuters) – Britain’s BSkyB
has agreed to pay $9 billion to buy Rupert Murdoch’s pay-TV
companies in Germany and Italy, taking its hunt for growth into
Europe by creating a media powerhouse with 20 million customers.

BSkyB, in which Murdoch’s 21st Century Fox is also
the largest shareholder, will pay for the deal using cash, debt,
its stake in a TV channel and a placing of shares that
represents around 10 percent of its issued share capital.

Jul 23, 2014

Chipmaker STMicro forecasts modest revenue growth

PARIS, July 23 (Reuters) – European chipmaker
STMicroelectronics forecast revenue growth of about 3
percent in the third quarter, disappointing some analysts who
expected a bigger lift from strong global demand for
semiconductors.

The Franco-Italian company gave the guidance after posting
second-quarter revenue and profit that met expectations, driven
by sales of chips for cars and industrial products.

Jul 22, 2014

Publicis says annual growth target will be hard to meet

PARIS (Reuters) – French advertising agency Publicis warned it would be “very difficult” to meet its annual target of 4 percent organic sales growth after a second-quarter slowdown caused in part by the failure of its planned merger with Omnicom in May.

Publicis said on Tuesday its second-quarter sales fell 1.76 billion euros ($2.5 billion) from 1.79 billion a year earlier, missing an analysts’ forecast of 1.88 billion euros, according to Thomson Reuters I/B/E/S.

Jul 21, 2014

More than 100 expressions of interest in Holcim, Lafarge assets

ZURICH/PARIS July 21 (Reuters) – Cement makers Holcim
and Lafarge have received more than 100
expressions of interest in assets they must sell ahead of their
planned merger, the Swiss company’s chief executive said on
Monday.

The two companies proposed a multi-billion euro series of
asset sales two weeks ago in their efforts to get regulatory
approval for the planned merger, unveiled in April, which would
create a combined group with $44 billion in annual sales.

Jul 16, 2014

Telefonica to use exchangeable bond to cut Telecom Italia stake

MADRID/PARIS, July 16 (Reuters) – Telefonica will
sell 750 million euros ($1 billion) in bonds that convert to
Telecom Italia shares, it said on Wednesday,
effectively loosening its grip as largest shareholder.

In a notice to Spain’s market regulator, Telefonica said the
bonds, which pay 5.25 to 6 percent interest a year, would mature
in three years but could be converted at any time before that or
paid in cash if conditions are met.

Jul 16, 2014

Portugal Telecom loses chunk of Oi merger over unpaid Espirito Santo debt

LISBON, July 16 (Reuters) – Portugal Telecom has
been forced to take a cut in its share of the merger with
Brazil’s Grupo Oi after a holding company of the
Espirito Santo family failed to repay more than $1 billion it
owed to the telco.

Portugal’s largest telecoms services group said it would
take legal action to try and recover the debt from the family
company, Rioforte, which fell due on Tuesday.