With market saturation leading to falling prices which have hurt earnings and prevented telecommunications operators from making investments, TDC Chief Executive Carsten Dilling has joined the call of his rivals for mergers.
Europe
Report says British Chancellor George Osborne considering tax relief for venture capital industry
According to a report on The Telegraph, British Chancellor George Osborne is said to be thinking of modifying the rules in the country's Enterprise Investment Scheme or EIS to boost investment in the venture capital industry.
Rothschild launches UK asset management business, eyes infrastructure debt fund launch next year
After establishing its first merchant bank in the UK, Edmond de Rothschild Group has launched a new asset management business in London to upsize its assets under management and boost its presence in the UK capital.
Servelec to float 68.3 million shares, UK's biggest tech IPO in three years
Servelec's initial public offering is said to be the largest technology listing in the UK in three years. The software and services company is expected to float 68.3 million shares worth GBP122 million on the London Stock Exchange.
Sun Biomedical negotiating acquisition of Swiss firm Parvulus Medical
Australia-based diagnostic device firm Sun Biomedical had been negotiating the acquisition of biodegradable heart surgery device Parvulus Medical in an exclusive arrangement that will conclude on January 15.
Latest News
Various private equity firms from the UK, US and Hong Kong are reportedly among those who placed initial bids to takeover Indian business process outsourcing company SourceHOV. Initial bids have valued the BPO firm at USD1 billion.
Germany based energy firm SolarWorld has bought Bosch Solar Energy in an effort to increase its influence and market share in the solar energy industry.
Software solutions maker Datel, the leading Sage Business Partner in the UK, announced its acquisition of the Sage 200 customer base from Pythagoras Communications Ltd.
Ukraine can get cheaper natural gas if it joins an economic bloc led by Moscow, Russian First Deputy Prime Minister Igor Shuvalov told Bloomberg News.
France will move closer towards relaxing restrictions on Sunday opening for shops when a government-commissioned report on proposed reforms is released on Monday.
British oil services group Petrofac is not interested in acquiring Swiss-based engineering company Foster Wheeler, a source familiar with the UK company said on Sunday.
Iceland said on Saturday it would launch a mortgage debt relief program worth about 150 billion krona, in a move that could hurt its credit ratings and which critics say could scare off foreign investors
The chairman and largest shareholder of German rail technology provider Vossloh denied he was planning to delist the company or merge it with his own company Knorr Bremse, which makes rail and commercial vehicle brakes.
Retail bondholders of Britain's Co-operative Bank have voted in favor of a restructuring to rescue the bank and proceed with its plan to fill a 1.5-billion-pound hole in its capital.
