France's Numericable plans public offering this fall: reports

French cable company Numericable is planning an public offering this fall with an enterprise valuation of approximately €6 billion ($8 billion), reports French TV channel BFMTV and Dow Jones Newswires.

According to bankers cited by BFMTV, the company is to hold a meeting with financial analysts on Thursday at which it will discuss the details of the offering, with Deutsche Bank and JPMorgan Chase & Co acting as lead managers.

Telecom Italia board to discuss options at Oct 3 meeting: Reuters

Board members of Telecom Italia are set to meet on October 3 to discuss options for the Italian telecoms incumbent amid ongoing speculation about its future ownership structure, according to Reuters.

Telecom Italia (Milan, Italy) has already scheduled a board meeting for this week and reports suggest that Spain’s Telefonica (Madrid) will make an offer to buy out other members of Telco, a consortium of shareholders that owns 22% of Telecom Italia.

Hedge funds plan to sue Vodafone for better Kabel Deutschland terms: sources

Reuters

Three hedge funds who tendered shares enabling Vodafone to successfully bid for Germany's largest cable firm plan to sue for a better price for their outstanding holdings, three financial sources with knowledge of the matter said on Friday.

Vodafone (Newbury UK), which wants Kabel Deutschland (Unterfoehring, Germany) in order to offer more television and fixed-line services in its largest European market, said late on Thursday it had secured more than 75 percent of shares in the company, a condition for its 7.7 billion euro ($10 billion), 87 euro-per-share, offer.

Telecom Italia says board member probed for insider trading quits

Reuters

Telecom Italia's independent board member Elio Catania, who is being investigated for alleged insider trading, resigned on Friday, the company said.

In a statement, Telecom Italia (Milan, Italy) said Catania had told the company he had decided to quit so that the board's activities and the work of investigators could proceed "in an orderly manner."

In his resignation letter, Catania said he had always acted correctly.

Mexico's Senate OKs members of new telecoms regulator

Reuters

Mexico's Senate on Tuesday approved seven nominees to head a new telecommunications regulator created by a sweeping sector overhaul that seeks to boost competition and tame billionaire Carlos Slim.

The regulator, known as Ifetel, will replace a weaker regulatory agency and have new powers to police a telecommunications market dominated by Slim's America Movil (Mexico City, Mexico) and Televisa (Mexico City, Mexico).

Vodafone urges Kabel shareholders to accept $10 billion bid

Reuters

Vodafone urged Kabel Deutschland shareholders to accept its 7.7 billion euro ($10.1 billion) offer, warning the bid would lapse if less than three quarters of them agree to sell Germany's largest cable operator by Wednesday.

Earlier on Monday the Financial Times said the British mobile network operator may fail to reach the 75 percent acceptance threshold, citing anonymous shareholders.

Vodafone may fail to clinch Kabel Deutschland: paper

Reuters

Vodafone may fail to reach the 75 percent threshold of acceptances from shareholders needed to clinch Germany's largest cable operator Kabel Deutschland, the Financial Times said on Monday.

"Some of Kabel Deutschland's [Unterfoehring, Germany] shareholders believe that the amount of tenders offered will fall well short of this goal," the paper said, citing anonymous shareholders.

Vodafone (Newbury, UK) agreed a 7.7 billion euro ($10.13 billion) offer for Kabel Deutschland in June, a near 40 percent premium to Kabel's share price before its interest first emerged.

KPN says finance chief leaving for personal reasons

Reuters

Dutch telecoms group KPN, the subject of a takeover bid by Mexico's America Movil, said on Monday its chief financial office Eric Hageman had resigned with immediate effect, only a year after taking the job.

The group said in a statement that Hageman was resigning due to personal circumstances and that this was not related to working relationships or the present situation of the group.

"KPN [The Hague, Netherlands] will make a further announcement regarding the CFO role as soon as possible," KPN said.

Vodafone's Project Spring to pressure competitors

Reuters

Vodafone's plan to boost investment in broadband and superfast mobile networks after its $130 billion deal with Verizon could force its European competitors to increase their own spending and even prompt further deal-making.

Under its "Project Spring", Vodafone (Newbury, UK) plans to raise its capital expenditures by 6 billion pounds ($9 billion) over three financial years to improve network quality for customers in Europe and emerging markets such as India and South Africa.

Verizon eyes overseas assets, spectrum, paying down debt

Reuters

Verizon Communications Inc said on Tuesday that it could expand internationally or buy more spectrum in coming years even while it pays down debt from its $130 billion purchase of Vodafone Group Plc's 45 percent stake in Verizon Wireless.

Verizon (New York City, NY, USA) shares fell as much as 4.8 percent as investors reacted to the financial terms of the acquisition, which was announced on Monday, a U.S. public holiday when financial markets are closed.

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