Leila's Feed
Oct 14, 2014

French bank turns to Twitter for money transfers

PARIS/FRANKFURT (Reuters) – One of France’s largest banks launched a service on Tuesday to allow its customers to transfer money to other people via tweets on social network Twitter Inc. (TWTR.N: Quote, Profile, Research, Stock Buzz).

The move by Groupe BPCE [BPCE.UL], France’s second largest bank by customers, is an effort to attract attention and users to its S-Money mobile payments unit, which already allows people to transfer money over mobile phones via text message.

Oct 14, 2014

Iliad shares leap after failure to win US mobile prize

PARIS, Oct 14 (Reuters) – Relieved investors sent shares in
French low-cost telecom operator Iliad up 11 percent on
Tuesday after it abandoned an effort to buy the fourth-largest
U.S. carrier T-Mobile.

Backed by billionaire founder Xavier Niel, Iliad made an
initial bid worth $15 billion and then raised it further, but
was rebuffed by T-Mobile US’ parent company, Deutsche
Telekom. Sources told Reuters Deutsche Telekom was
unconvinced by the price and by Niel’s ability to run the
business better than its own managers could.

Oct 12, 2014

French bank, Twitter team up for money transfers via tweets

PARIS/FRANKFURT (Reuters) – One of France’s largest banks is teaming up with social network Twitter Inc. (TWTR.N: Quote, Profile, Research, Stock Buzz) this week to allow its customers to transfer money via tweets.

The move by Groupe BPCE [BPCE.UL], France’s second largest bank by customers, coincides with Twitter’s own push into the world of online payments as the social network seeks new sources of revenue beyond advertising.

Oct 9, 2014

Altice wants exclusive talks with Oi over Portugal business: sources

LISBON/PARIS (Reuters) – Altice (ATCE.AS: Quote, Profile, Research, Stock Buzz), a holding company backed by billionaire cable entrepreneur Patrick Drahi, wants to enter into exclusive talks with Brazil’s Oi (OIBR3.SA: Quote, Profile, Research, Stock Buzz) to buy its Portuguese telecoms operation,┬ásources familiar with the situation said on Thursday.

Altice believes it can move quickly toward a deal, which is likely to value the Portugal business at between 6 billion euros ($7.6 billion) and 6.5 billion, according to the sources.

Oct 6, 2014

Patrick Drahi’s Altice seeks to buy Oi’s Portuguese assets – source

Oct 6 (Reuters) – Billionaire Patrick Drahi’s cable and
telecoms company Altice SA is looking to acquire the
Portuguese assets of Brazilian carrier Oi SA, a
source familiar with the matter told Reuters.

“Talks started a few weeks ago and are relatively advanced,”
the source said.

Oct 6, 2014

Walt Disney rescues Euro Disney with $1.3 billion funding deal

LONDON/PARIS (Reuters) – Walt Disney Co (DIS.N: Quote, Profile, Research, Stock Buzz) has come to the rescue of its loss-making subsidiary Euro Disney (EDLP.PA: Quote, Profile, Research, Stock Buzz) with a 1 billion-euro ($1.3 billion) funding deal announced on Monday, which could give the U.S. group total control over Europe’s biggest tourist attraction.

The deal includes a rights issue and debt restructuring which will inject 420 million euro in cash into the Euro Disney group and eliminate 600 million euros of its debt owed to Walt Disney via an equity swap.

Oct 2, 2014

Ad agency Publicis holds on to key Samsung contract – source

PARIS, Oct 2 (Reuters) – Ad agency Publicis has
kept hold of a major contract with Samsung Electronics
, a person familiar with the matter said, calming
worries it would lose a client analysts said brought in some 70
million euros ($88 million) last year.

“Publicis is the big winner. It has kept the budgets it had
earlier with Samsung and added additional business,” said the
person, who declined to be named because the contract was
confidential.

Sep 25, 2014

Regulator allows Bouygues-SFR network deal to go ahead

PARIS, Sept 25 (Reuters) – France’s competition regulator
rejected a request by Orange to suspend a mobile
network sharing agreement between rivals Bouygues Telecom
and SFR, saying it did not pose an immediate
or serious threat to consumers or the sector.

The Competition Authority said, however, it would continue
to examine Orange’s complaints in an in-depth investigation of
the deal, under which the number two and number three mobile
operators plan to share mobile towers outside urban areas.

Sep 19, 2014

Exclusive: Mexico gets first bid for $10 billion national mobile network

MEXICO CITY/PARIS (Reuters) – Mexico has received its first bid from a consortium to build a $10 billion state-owned mobile network, a linchpin of efforts to break the hold of Carlos Slim’s America Movil on telecom services.

Telecom equipment makers Alcatel-Lucent and Ericsson helped the consortium craft the proposal submitted to the government, four sources said.

Sep 16, 2014

Orange strikes 3.4 billion euros deal to buy Spain’s Jazztel

PARIS/MADRID (Reuters) – France’s Orange has reached a deal to buy Spanish fixed line telecoms operator Jazztel in an effort to bolster its mobile operation in the country and better compete with rivals Telefonica and Vodafone.

The French group made an offer for 100 percent of Jazztel shares at 13 euros per share in cash, which values Jazztel at 3.4 billion euros($4.40 billion). The acquisition will be financed through a combination of hybrid bonds and a capital increase of up to 2 billion euros at Orange.