PARIS (Reuters) – French low-cost telecom operator Iliad may improve its $15 billion offer for T-Mobile US but has set specific limits on how much money it would raise to fund any deal.
Iliad Chief Financial Officer Thomas Reynaud said on Monday that talks were continuing with private equity firms and companies interested in joining the group’s pursuit of Deutsche Telekom’s U.S. mobile business.
PARIS (Reuters) – French low-cost telecoms carrier Iliad (ILD.PA: Quote, Profile, Research, Stock Buzz) is ahead of schedule on its 2015 goal to reach annual sales of 4 billion euros ($5.3 billion) and will probably have 15 percent mobile market share by the end of this year, its finance chief said.
“We are ahead of the goals in our strategic plan,” Chief Financial Officer Thomas Reynaud said on Friday in an interview after second-quarter results.
PARIS/LONDON/MILAN, Aug 29 (Reuters) – Telecom Italia has
lost a promising path to earnings growth by failing to secure
Brazilian broadband business GVT and may now turn from hunter to
hunted in a fast-consolidating telecoms industry.
Winning the auction for French media company Vivendi’s GVT
was vital for both Telecom Italia and its rival,
Spain’s Telefonica, as their European markets have been
shrinking. Italy was gripped by a mobile price war for much of
last year, revenue is falling and competition remains tough.
PARIS (Reuters) – French media company Vivendi (VIV.PA: Quote, Profile, Research, Stock Buzz) picked Telefonica (TEF.MC: Quote, Profile, Research, Stock Buzz) for exclusive talks over the sale of its Brazilian broadband unit GVT, spurning a rival bid from Telecom Italia (TLIT.MI: Quote, Profile, Research, Stock Buzz).
Telefonica will fold GVT into its Brazilian mobile phone carrier Vivo (VIVT3.SA: Quote, Profile, Research, Stock Buzz) to create the country’s biggest telecom group. It will then use GVT’s pay-TV and broadband know-how and its broad network to chase higher-value customers and keep profits growing as mobile subscriber growth slows.
PARIS/MILAN (Reuters) – The battle over Brazil’s telecoms market intensified on Thursday as European competitors Telecom Italia and Telefonica made rival offers for Vivendi’s Brazilian broadband business GVT.
Vivendi, which will examine the bids at a Thursday board meeting, must now choose whether to exit its last remaining telecom business after selling off its French and Moroccan mobile operations to focus more on media.
MADRID/PARIS, Aug 27 (Reuters) – The battle over Brazil’s
telecoms market is heating up, with the country’s biggest
fixed-line firm Oi signalling it may make an offer
for Telecom Italia’s local mobile business.
The move throws a potential wrench into the bidding war for
Vivendi’s Brazilian broadband unit GVT, which both
Telecom Italia and Spain’s Telefonica are pursuing to
bolster their mobile businesses in the country – number two Tim
Brasil and number one Vivo respectively.
MADRID, Aug 5 (Reuters) – Spain’s Telefonica has made a 6.7
billion euro ($8.99 billion) bid to France’s Vivendi for its
Brazilian broadband unit GVT as it seeks to strengthen its
mobile leadership in the fast-growing Latin American country.
The surprise move comes after Vivendi, led by its chairman
and largest shareholder Vincent Bollore, said in late June it
wanted to keep its last remaining telecom asset despite
repositioning itself as a media company.
PARIS, Aug 1 (Reuters) – For all the surprise that has
greeted French telecom group Iliad’s bid for T-Mobile
US, there is one thing a procession of broadband and
mobile firms have learnt in recent years: don’t underestimate
The 47-year-old, one-time computer hacker built up Iliad as
France sought to open its telecom market in the early 2000s with
a mantra of rock bottom prices and simple offers. It is now a
$16 billion business that has grabbed 13 percent of France’s
mobile market in little more than two years, leaving rivals
issuing profit warnings and seeking merger deals in its wake.
PARIS/FRANKFURT (Reuters) – Telecoms group Iliad has lined up BNP Paribas and HSBC to finance its bid for T-Mobile US, people familiar with the matter said, as it pursues a deal that could overturn expectations of industry consolidation in both the United States and France.
Shares in Paris-based Iliad dropped as much as 13 percent on Friday, as analysts questioned the wisdom and cost of its surprise $15 billion offer for 56.6 percent of T-Mobile US, the No.4 U.S. mobile operator.
PARIS, Aug 1 (Reuters) – French telecoms company Iliad
has lined up financing for its $15 billion bid for 56.6
percent of T-Mobile US from BNP Paribas and
HSBC, three people familiar with the matter said on
Lazard is advising Iliad on the potential transaction, which
was announced on Thursday and sets up a potential bidding war
for the U.S. carrier.