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Dec 1, 2014

Telecoms group Altice set to buy Oi’s Portugal operations

PARIS/SAO PAULO, Dec 1 (Reuters) – Telecoms group Altice SA
has agreed to buy the Portuguese operations of
Brazil’s Grupo Oi for about 7.4 billion euros ($9.2
billion), in what will be its third large acquisition this year.

Franco-Israeli billionaire entrepreneur Patrick Drahi, who
founded Altice, has been on an expansion drive with deals worth
some 30 billion euros this year alone, and is on track to add
Portugal to his portfolio of cable and mobile companies in
France, Israel, and the Dominican Republic.

Nov 30, 2014

Altice set to buy Oi’s Portugal operations

PARIS/SAO PAULO, Nov 30 (Reuters) – Telecoms group Altice SA
has agreed to buy the Portuguese operations of
Brazil’s Grupo Oi for about 7.4 billion euro ($9.2
billion), it said in a statement on Sunday.

“Altice announces that it has entered into an exclusivity
agreement with Oi to agree the purchase of the Portuguese assets
of Portugal Telecom,” said the statement.

Nov 30, 2014

Altice set to buy Oi’s Portugal operations – sources

PARIS/SAO PAULO, Nov 30 (Reuters) – Telecoms group Altice SA
has agreed to buy the Portuguese operations of
Brazil’s Grupo Oi for about 7.4 billion euro ($9.2
billion), two sources close to the deal said on Sunday.

Altice beat out a rival bid from private equity funds Apax
and Bain, and will now add another country to its
portfolio of cable and mobile companies in France, Israel, and
the Dominican Republic among others.

Nov 21, 2014

European telecom firms see brighter 2015 after years of pain

BARCELONA, Nov 21 (Reuters) – Top executives at Europe’s
telecoms firms dared to suggest this week that they might at
last be turning a corner after years of declining revenues, as
demand rises for 4G mobile broadband, regulatory pressures ease
and the industry consolidates.

For the network operators a comparative recovery on revenue
next year will come in part simply because the price cuts
imposed by regulators on roaming charges and the termination
fees operators charge for carrying each other’s traffic is now
behind them.

Nov 20, 2014

Liberty Global charts careful course for content deals

BARCELONA (Reuters) – Liberty Global, Europe’s biggest cable operator, plans to make “small, selective” acquisitions for content which help it make money from its core business of selling high-speed broadband and TV services, its finance chief said on Thursday.

Chief Financial Officer Charlie Bracken said the company had spent only about $300 million in cash on the content deals it had done so far.

Nov 20, 2014

Telefonica does not rule out a sale of O2 in the UK

BARCELONA, Nov 20 (Reuters) – Telefonica would have
to consider its options regarding its UK presence, including a
sale of the O2 business, if more of the market moves to bundling
fixed and mobile telecom services, a top executive said on
Thursday.

Telefonica, which bought O2 in 2006, has said the UK
business remains core but has not ruled out asset sales to meet
a year-end debt target of below 43 billion euros ($54 billion).

Nov 20, 2014

Altice could buy Bouygues Telecom in French consolidation deal- CEO

BARCELONA, Nov 20 (Reuters) – Numericable, which is
about to complete the acquisition of SFR, France’s second
biggest mobile network operator, is also open to buying SFR’s
smaller rival Bouygues Telecom, the chief executive of
Numericable’s owner said on Thursday.

“We see ourselves as the natural buyer (of Bouygues). We
have a huge revenue base so there would be big synergy
potential,” said Dexter Goei, chief executive of Altice
, at the Morgan Stanley Technology, Media and Telecoms
Conference in Barcelona.

Nov 19, 2014

Ad agency Dentsu not aiming for any big acquisitions

BARCELONA, Nov 19 (Reuters) – Japanese advertising agency
Dentsu is not looking for any big acquisitions to spur
its growth in emerging markets and digital, the head of its
global operations outside Japan said on Wednesday.

“Acquisitions are not a strategy in and of themselves. They
need to back up our goal and complement where we are already
present,” Tim Andree, executive chairman of Dentsu Aegis
Network, told the annual Morgan Stanley Technology, Media and
Telecoms Conference in Barcelona.

Nov 19, 2014

Vodafone says open to more asset sales

BARCELONA, Nov 19 (Reuters) – Vodafone would be open
to selling off more non-core assets such as its interests in
Australia, Hungary and the Czech Republic if it received the
right offer, Chief Executive Vittorio Colao said on Wednesday.

The world’s second-largest mobile operator by user numbers
behind China Mobile, could also consider acquiring
exclusive media content to attract customers as part of its move
to become a full service telecoms provider. However, it is not
convinced of the need for such expensive content rights yet.

Nov 14, 2014

Vivendi outperforms in third quarter, big profits from disposals

PARIS (Reuters) – European media group Vivendi (VIV.PA: Quote, Profile, Research, Stock Buzz) posted a rise in profit that beat expectations on Friday due to cost cutting and the performance of its music business, while it stayed mum on plans to use billions earned from selling telecoms units.

Vivendi, which is nearing the end of a strategy overhaul began in spring 2012, more than doubled the profits attributable to the group to 839 million euros in the third quarter, including the proceeds from selling Maroc Telecom (IAM.CS: Quote, Profile, Research, Stock Buzz) and a stake in headphone maker Beats.