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Articles tagged with: Citigroup
Telecoms dealmaking on hold in 4Q '08
According to a new study from Ovum, global economic downturn depressed valuations and dealmaking in the telecom sector in 4Q 2008. Based on Ovum's report, M&A deal count was 129 in 4Q08, from 192 in 4Q07, with only four deals valued above US$1 billion, from 10 in 4Q07. more
Related Tags: ovum, zain, verizon, alltel, capex, telenor, lte, sms, oracle, ipo, tax, sun, zain-saudi-arabia, turk-telecom
Vodafone Changes Primary City Brokers - Report
Vodafone is reported to have changed its city corporate brokers as the firm marks a definitive switch from acquisition based growth to consolidating its existing assets. The London Times newspaper is reporting that Vodafone dropped long-time brokers, Goldman Sachs and UBS in favour of JP Morgan Cazenove and citigroup. more
Related Tags: vodafone, tim, goldman-sachs, UK
Vodafone Expected to Announce Job Cuts this Week
Vodafone is expected to announce a series of cost cuts aimed at generating savings of £1 billion (US$1.6 billion) a year - and could leads to substantial job cuts in its European workforce. The company is also expected to report that sales have remained difficult in its UK and Spanish markets - where the company warned of problems earlier this year. more
Related Tags: vodafone
Texas Instruments' In-Line Outlook Boosts Shares
SAN FRANCISCO (Dow Jones) -- With all the uncertainty faced by chip companies and the broader tech sector, Texas Instruments has surprised analysts by affirming its outlook, especially after a market share warning from its top customer, Nokia Corp. more
Related Tags: semiconductor, texas-instruments, cisco, texas, analog
France Telecom 1st Half Net Down 19% On Tax
PARIS -(Dow Jones)- France Telecom, Thursday gave some solace to the European telecom sector as it continued to show steady growth in revenue and underlying earnings, stuck to its 2008 goals, and said it will pay its first ever interim dividend in September. more
Related Tags: teliasonera, telefonica, france-telecom, tax, cfo, France
Qualcomm Deal Could Hurt Nokia's Current Suppliers
NEW YORK -(Dow Jones)- The agreement by Qualcomm and Nokia to end their long-running patent dispute likely means trouble for Nokia's current chip suppliers. more
Related Tags: broadcom, texas-instruments, intel, qualcomm, texas, stmicroelectronics, patents, chipsets
France Telecom's Search for Scale to Continue - Analysts
PARIS -(Dow Jones)- France Telecom may have calmed investors' concerns for the time being by ditching its proposed takeover of TeliaSonera, but the episode has left questions over what the French giant might do next. more
Related Tags: teliasonera, driving, france-telecom, chief-financial-officer, orascom, France
Sarkozy Plans 0.9% Tax On French Telecom Cos
PARIS -(Dow Jones)- President Nicolas Sarkozy Wednesday outlined plans to place an additional tax of 0.9% on the revenue of telecommunications operators in France to help fill the funding gap public television stations will face at the start of next year when a phased ban on advertising takes effect. more
Related Tags: france-telecom, tax, France
Canada Supreme Court Allows BCE Appeal: Takeover Can Proceed
OTTAWA -(Dow Jones)- Canada's Supreme Court has ruled in favor of BCE, overturning a lower-court decision to block the C$34 billion (US$33 billion) leveraged buyout of the company by an investor group led by Ontario Teachers' Pension Plan. more
Related Tags: bell-canada, supreme-court, seven, sun, lawyer, bell, Canada
India's Tata Closer to Sale of Tower Stake
India's Tata Teleservices is again reported to be in talks with Quippo Telecom Infrastructure (QTIL) to merge their respective tower operations. Last month, we reported QTIL had confirmed to journalists that it is in talks with Tata Teleservices to take a large stake in the company's tower business. The Economic Times newspaper now says that QTIL has emerged as the top bidder for a 49% stake in TTSLÃ's tower business. more
Related Tags: tata-teleservices, ttsl, towers, India