Tag Archives: tef

AT&T Latin American Ambitions May Be Slowed By Brazil

AT&T’s (T) Latin American ambitions could take a hit if Brazil’s wireless market consolidates before the U.S. telecom giant has a chance to make a bid for TIM Participacoes or Oi. TIM (TSU), controlled by Telecom Italia (TIA), is the country’s No. 2 wireless service provider. Brazil’s other three wireless phone companies — Telefonica (TEF), America Movil (AMX)-controlled Claro, and Oi — plans to make an offer for TIM in order to carve it up among

Wireless Industry Awaits EU Decisions On Two Mergers

European regulators soon will rule on two wireless-industry mergers that will signal how the EU feels about further wireless consolidation. The pending deals would shrink the number of mobile carriers in two countries from four to three. The European Union has been reviewing Spain-based Telefonica’s (TEF) $11.8 billion purchase of Germany’s No. 4 wireless firm, E-Plus, from parent KPN. The EU aims to decide whether to clear Telefonica’s bid by

Emerging Market Sell-Off Hits Telecom, Web Stocks

The sell-off in emerging market currencies on Friday drove down shares of Vodafone (VOD), Telefonica (TEF), America Movil (AMX), VimpelCom (VIP), satellite TV broadcaster DirecTV Group (DTV) and Latin American e-commerce firm MercadoLibre (MELI), as well as local telecom companies. DirecTV stock was down more than 2% in morning trading in the stock market today. DirecTV has a big Latin American business. U.S. shares of U.K.-based Vodafone also