Financial

Telefonica transfers shares of Peru unit to LatAm Co

Reuters

Telefonica SA said on Tuesday it transferred about half of the shares of its Peruvian unit to its Latin American holding company in an internal deal worth $1.5 billion.

The move is part of a broader plan, which the Spanish telephony giant said this month it was considering, to list up to 15 percent of the firm that groups together its Latin American assets from a dozen countries.

The potential listing of the company, called Telefonica Latinoamerica Holding SL, could generate cash to pay down $7.8 billion in debt.

Clearwire accepts slightly sweeter bid from Sprint

Reuters

Clearwire Corp agreed to sell a roughly 50 percent stake for $2.2 billion to majority shareholder Sprint Nextel Corp, which would then have full ownership of spectrum that will help it offer high-speed wireless services.

The $2.97-per-share deal is only 7 cents per share higher than a bid many minority shareholders said was too low days before. Clearwire (Bellevue, USA) shares slid 9.8 percent to $3.04 in premarket trading.

KPN shares drop on dividend cut, costly licenses

Reuters

Shares in Dutch telecoms group KPN, now part of Mexican tycoon Carlos Slim's empire, plunged as much as 15 percent after it cut its dividend for this year and next to meet the higher-than-expected cost of new mobile licenses.

A new player, Sweden's Tele2 (Stockholm, Sweden), also won licenses in Friday's Dutch auction of 4G wireless spectrum, a move likely to increase competition in one of Europe's most lucrative telecoms markets as the winners roll out faster services that allow users to watch video and surf the Internet on the move.

Softbank signs $19.7 billion loan for Sprint acquisition

Japan’s Softbank says its board has approved the signing of a bridge loan contract for up to JPY1.65 trillion ($19.7 billion), which the company plans to use to fund its purchase of a controlling stake in US operator Sprint.

Softbank (Tokyo, Japan), Japan’s third-largest mobile-phone operator, announced plans to buy 70% of Sprint back in October for a fee of approximately $20 billion.

The deal would mark the largest foreign acquisition by a Japanese company of all time.

Orange Spain buys KPN subsidiary for $40 million: report

France Telecom’s Spanish subsidiary has taken over Simyo, a mobile virtual network operator (MVNO) previously owned by KPN of the Netherlands.

The operator’s statement on the transaction did not disclose any financial details, but Spain’s El Economista says the fee was approximately €30 million ($40 million), citing sources close to the deal.

Simyo serves about 380,000 customers in Spain and will boost the subscriber base of Orange Spain – the brand under which France Telecom (Paris, France) operates in Spain – to some 12.2 million.

Dutch 4G frequency auction raises more than expected

Reuters

The Dutch state raised much more than expected in its auction of fourth generation (4G) wireless frequencies, with prices so high market leader KPN said it would have to cut dividends to afford its licences.

The auction raised a much higher-than-expected 3.8 billion euros ($5 billion) and the result will lead to fierce competition in one of Europe's most lucrative mobile phone markets as the winners roll out faster, fourth-generation services which allow consumers to watch video and surf the Internet on the move.

T-Systems to restructure in response to cloud-services adoption

T-Systems, the IT arm of Deutsche Telekom, has announced a restructuring of its business areas in response to the increasing usage of cloud services by its corporate customers.

From 2013 onwards, the company is to reduce the number of so-called ‘operative business areas’ from four to two, with Hagen Rickmann leading the sales area and Ferri Abolhassan in charge of delivery.

Rickmann has been head of service for T-Systems since March 2011, while Abolhassan is currently in charge of systems integration and the global production of ICT services.

Softbank caps Sprint's Clearwire bid; investors want more

Reuters

Sprint Nextel Corp's $2.1 billion offer to buy out Clearwire Corp appeared to be running into trouble on Thursday, as some shareholders said they wanted more money while Softbank Corp set a cap on how much Sprint could pay.

Sprint (Overland Park, USA), which owns 50.45 percent of Clearwire (Bellevue, USA), offered $2.90 per share for the rest of the company and said it would also provide interim financing of $800 million to the cash-strapped company. Any deal would need approval by Softbank (Tokyo, Japan), which has agreed to buy 70 percent of Sprint for about $20 billion.

Telenor aims to be number two or three across half of India

Norwegian telecoms incumbent Telenor has announced an ambitious target of being the second- or third-biggest player in regions of India home to about half its population.

It also says it will maintain its peak funding target of INR155 billion ($2.85 billion), aims to break even by the end of 2013 and is targeting an equity return of more than 25% on new money invested in India.

Sprint offers $2.1 billion to buy rest of Clearwire

Reuters

Sprint Nextel Corp, the majority owner of Clearwire Corp, has offered $2.1 billion to buy the rest of the wireless service provider but it will likely have to offer more money in order to secure a deal.

Clearwire (Bellevue, USA), which said it is reviewing the offer, saw its share jump more than 11 percent to $3.06 after the offer, topping Sprint's $2.90 offer price and suggesting that shareholders were hoping for a higher bid.

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