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Telecom Italia unaware of any TIM Brasil offers
2014-11-03 08:47:00| Telecompaper Headlines
(Telecompaper) Telecom Italia CEO Marco Patuano has dismissed reports in the Brazilian press that the operator has received an offer to sell its Brazilian mobile unit TIM Brasil. According to the reports, America Movil, Telefonica and Grupo Oi have agreed to launch a USD 13 billion bid for Telecom Italia's controlling stake in TIM Brasil. However, Patuano said the company had not received any offer for TIM Brasil, which remained a strategic asset, as demonstrated by the EUR 1 billion spent in a recent 4G auction. "We have a major investment programme in place and have just participated in the auction for 4G services," he said. Telecom Italia chairman Giuseppe Recchi also said that no takeover offers had been received for TIM Brasil. Both Recchi and Patuano have repeatedly stated that Brazil remains a strategic market, but that they would consider selling TIM if the price is right. Telefonica's Brazil unit, Telefonica Brasil SA, also confirmed in a statement issued to the Brazilian securities regulator that it was not involved in any talks related to a joint bid for TIM Brasil, while Brazilian operator Oi said it had engaged BTG Pactual to act as its agent to come up with a bid for TIM Brasil but that no understanding or agreement had yet been reached.
Tags: offers
italia
brasil
tim
Oi, America Movil, Telefonica to bid for Brazil's TIM: sources
2014-10-31 22:09:52| Telecom - Topix.net
Brazil's Grupo Oi SA, Mexico's America Movil SAB and Spain's Telefonica SA agreed to place a joint bid worth around 32 billion reais for control of TIM ParticipaA A es SA , which owns about 67 percent of TIM ParticipaA A es, said the first source, who requested anonymity since the deal is in the works. A bid could be presented within two weeks, both sources added.
Russian Official Wants to Ban Tim Cook
2014-10-31 18:03:12| PC Magazine Cell Phones Product Guide
Hours after the Apple CEO came out, Vitaly Milonov said he wants a lifetime prohibition on Cook's entrance into Russia.
Tags: official
russian
tim
cook
VIDEO: Tim Cook 'an important role model'
2014-10-30 23:49:14| BBC News | Business | UK Edition
Lord Browne, author of The Glass Closet and former Chief Executive of BP, has hailed Apple CEO Tim Cook as "an important role model", after Mr Cook publicly acknowledged his sexuality, saying he was "proud to be gay".
Tags: video
important
model
role
Tim Cook comes out: a bellwether shift for corporate America?
2014-10-30 22:27:19| Grocery - Topix.net
Apple CEO Tim Cook speaks during a presentation at Apple headquarters in Cupertino, Calif., on Oct. 16, 2014. On Wednesday, Cook publicly came out as gay, saying in a magazine article that he wanted to support others who find it difficult to reveal their sexual orientation.
Tags: america
corporate
tim
cook
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