The Dogan Group made a USD 742 million offer to purchase 53% of Digiturk, a digital pay-TV provider.
Telecommunications
McAdams was key to the finalization of Verizon-Vodafone buyout deal
Verizon CEO's demeanor and relationship with Vodafone was key to the deal being finalized. The stage for the USD130 billion buyout of erstwhile partner buyout of Vodafone Group Plc from the venture in Verizon Wireless was set two years ago.
Analysts say CBS is clear winner in creative content deal with Time Warner Cable
Although both companies declined to comment, analysts said Time Warner might have caved in to CBS's demands for higher transmission fee and additional fees for digital content.
TDF receive bids below its benchmark price
TDF set its floor price for its sale at EUR4 billion but offers made were below the said price. Telediffusion de France, the broadcast tower operator, had received from Dering Capital a non-binding offer worth EUR3.
Vodafone to return USD84 billion to investors after completed deal
After completion of the Vodafone-Verizon USD130 billion deal, Vodafone would return a hefty USD84 billion in cash and shares to its investors.
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Findim Group said it would be willing to support the sale of Telecom Italia's shares for as long as a plan to return value to its shareholders was put in place.
According to two sources who were familiar with the decision, Verizon Communications and Vodafone Group would be announcing a finalization of the USD130 billion exit deal, which would be financed in cash, stock and bank financing.
The boards of Verizon and Vodafone would vote over the weekend on the proposed USD130 billion buyout.
Arturo Elias, Carlos Slim's chief spokesman said America Movil had no intentions of raising its offered bid for the remaining stake of KPN.
Vodafone Group had announced selling its 45% stake in Verizon Communications that would end a 14-year old venture.
The foundation of Royal KPN exercised its option to purchase preferred shares of the company to block America Movil's bid for majority ownership.
Sources told a Belgian business daily that the government could sell a small portion of its stake in the Belgacom Group.
AT&T would be looking into Vodafone group's remaining assets in the midst of the British mobile carrier's exit from the US wireless business with the buyout from Verizon Communications.
KPN foundation had intervened to block the EUR7.2 billion America Movil-KPN deal to safeguard the group's stakeholders.
