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Telecom Italia to set up committee to evaluate Brazil sale
2014-01-17 09:32:00| Telecompaper Headlines
(Telecompaper) Telecom Italia announced its intention to put in place controls to vet eventual deals involving TIM Brasil, specifying that there is no current bid for the company's prized Brazilian unit or any plans to sell it. The controls would take the form of an "ad hoc procedure, in line with that for operations with related parties", said the company in a statement following a board meeting held on 16 January. Directors also decided to set up a group to evaluate changes to the company's bylaws, and said that both the Brazilian issue and governance matters will be further discussed at another board meeting on 06 February. The main outcome of the meeting is that any possible future sale of TIM Brasil could need approval at a special shareholders' meeting where Telefonica, if identified as a related party, would be left out of the vote. However, such a review by independent directors could shield Telecom Italia from accusations of conflict of interest. Telefonica currently controls Telecom Italia together with three Italian partners via a 22.4 percent stake held in investment vehicle Telco. Sources close to the matter have said Telefonica is looking to break up TIM Brasil and divide its assets between itself and the other two mobile operators in Brazil to circumvent antitrust issues.
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sale
italia
committee
Deutsche Telekom fuels T-Mobile US sale talk
2014-01-17 01:00:00| Total Telecom industry news
German incumbent transfers 67% stake to Dutch holding company.
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talk
deutsche
telekom
GNC Selects VeriFone for Consumer Engagement at the Point of Sale
2014-01-16 06:00:00| Industrial Newsroom - All News for Today
Leading health, wellness and sports nutrition retailer future-proofs and upgrades payment infrastructure with VeriFone<br /> <br /> San Jose, Calif. – VeriFone Systems, Inc. (NYSE: PAY), today announced that it has been selected by GNC Holdings, Inc. (NYSE: GNC), the nation’s largest specialty retailer of health, wellness and sports nutrition products, as a partner in their ongoing effort to upgrade their payment network.<br /> <br /> GNC will deploy VeriFone’s newest ...This story is related to the following:Point of Sale (POS) Equipment |
Daugaard has no concerns with sale of DM&E railway
2014-01-15 22:15:31| Railroads - Topix.net
Following Canadian Pacific Railway's announcement to sell 660 miles of rail in KOTA Territory last year, South Dakota's governor had concerns.
Tags: sale
concerns
railway
dme
SWEDEN: Retailer RNB restructures following JC sale
2014-01-15 13:20:00| Daily apparel & textile news and comment - from just-style.com
Scandinavian retail business RNB Retail and Brands is undergoing a corporate reorganisation following the sale of its JC subsidiary to Denim Island in November last year.
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sweden
retailer
rnb
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