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.
PARIS/MADRID (Reuters) – France’s Orange (ORAN.PA: Quote, Profile, Research, Stock Buzz) is close to an agreement to buy Spanish fixed line telecoms operator Jazztel (JAZ.MC: Quote, Profile, Research, Stock Buzz) in an effort to bolster its mobile operation there, two sources familiar with the matter said on Monday.
A deal could be announced on Tuesday morning, one of the sources said.
Jazztel shares rose 12 percent before being suspended by Spain’s market regulator earlier on Monday, giving the group a market value of 3.09 billion euros ($4 billion) at the close.
PARIS (Reuters) – Netflix will focus on ramping up in six new European markets in the next year, including France and Germany, before taking the video streaming service to additional countries, its chief executive said in an interview.
Reed Hastings, who heads the California-based company that has become emblematic of the changes the Internet has wrought on television, listed Spain, Korea and Japan as promising markets. But he emphasized that getting the new European countries right was his priority.
PARIS (Reuters) – Piano Media, a European paywall software supplier, has agreed to buy larger U.S. competitor Press Plus, for an undisclosed amount as newspapers and magazines increasingly charge for content on their websites.
Kelly Leach, a veteran executive from News Corp’s Wall Street Journal will lead the merged company as chief executive. She aims to double revenue in the next year by advocating that Europe, Asian and Latin American publications go the way of North American ones to erect paywalls.
PARIS (Reuters) – A panel appointed by search engine Google will hold the first of a series of meetings on Tuesday to debate the balance between privacy and the free flow of information after a May court ruling reinforced Europeans’ “right to be forgotten”.
The event in Madrid will be the first of seven meetings in European capitals, as the Internet giant struggles with thousands of requests a month to remove from its search results everything from serious criminal records, embarrassing photos, instances of online bullying and negative press stories.
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.