German phone company Deutsche Telekom will pick a buyer for its online classified advertising business Scout24 from four private equity firms, Focus magazine reported on Saturday.
Bidders Apax (London, UK), Silver Lake (Menlo Park, CA, USA), Hellman & Friedman (San Francisco, CA, USA) and TPG Capital (Fort Worth, TX, USA) must submit final bids by the end of October, the weekly magazine said, without citing a source.
The price range for Scout24 continues to be 1.5-2.0 billion euros ($2.03-2.70 billion), according to Focus.
AT&T Inc said on Friday it is exploring options such as a sale of its wireless broadcast towers but noted that its ability to reach a deal would depend on the terms it is able to reach with the buyer for its ongoing use of the towers.
When wireless service providers sell broadcast towers they typically lease back space from tower operators so they can continue to offer their services without interruption.
Bloomberg reported earlier this week that AT&T (Dallas, TX, USA) had hired bankers for a sale of its towers that could fetch about $5 billion.
Huawei Technologies Co Ltd expects to take in more than $2 billion in revenues selling 4G gear this year as global carriers from China to Europe expand their networks, senior company executives said on Wednesday.
Even though 4G LTE (long-term evolution) promises faster video streaming and Internet downloads, the cost of smartphones would need to come down before the technology can enter the global mainstream, they told reporters in a briefing.
Europe’s national regulatory authorities (NRAs) have rounded on proposed reforms by the European Commission (EC), arguing that regulation is being rushed through and will have dire implications for investment, competition and consumers across the region.
In a statement issued earlier this week, the Body of European Regulators for Electronic Communications (BEREC), which represents the interests of Europe’s NRAs, expressed concern that new rules would mark a shift away from a pro-competition approach to one that favored market consolidation.
AT&T Inc is planning to announce on Wednesday that it will expand its Latin American reach for business customers through a collaboration with Mexican billionaire Carlos Slim's America Movil.
AT&T (Dallas, TX, USA) will be able to do business in 15 countries, including Argentina, Chile and Colombia, through connections with America Movil (Mexico City, Mexico) networks, according to a representative for AT&T.
Investors have reacted glumly to the announcement by Oman’s government of plans to sell a 19% stake in Omantel, causing shares in the telecoms incumbent to fall to a ten-week low, reports Reuters.
Authorities have resurrected a plan to sell shares first unveiled in 2007, when eight operators from Europe, the Middle East and Asia managed to prequalify for the sale.
UK-headquartered Vodafone is eyeing potential acquisition opportunities in India in the wake of its $130 billion sale of a major stake in US operator Verizon Wireless, reports the Financial Times.
Speaking with the UK newspaper, Martin Pieters, the head of Vodafone India (Mumbai, India), said the only thing now preventing the operator from pursuing takeover opportunities was the attitude of Indian regulators.
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.
Dutch telecoms incumbent KPN says it has reached an agreement with tax authorities to record a tax book loss of €3.7 billion ($4.94 billion) after completing the sale of E-Plus to Telefonica.
The loss would offset KPN’s (The Hague, Netherlands) taxable income in the Netherlands in future, starting in 2014, and could make the operator more attractive to America Movil (Mexico City, Mexico), the Latin American telecoms giant that has offered €7.2 billion for the 70% of KPN it does not already own.
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.