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Tag: exclusive talks
Oi picks Altice for exclusive talks on PT Portugal sale
2014-12-01 08:28:00| Telecompaper Headlines
(Telecompaper) Altice announced that it has entered into an exclusivity agreement with Oi to negotiate the purchase of the Portuguese assets of Portugal Telecom. Altice's fully financed, binding offer values Portugal Telecom at an enterprise value of EUR 7.4 billion on a cash- and debt-free free basis, up from its initial offer of EUR 7.025 billion. The bid includes EUR 500 million based to future revenue generation of Portugal Telecom. The transaction, net of financial debt, accrued post-retirement liabilities and other purchase price adjustments, will be financed by new debt and existing cash from Altice. In the case of a final agreement, the transaction will require corporate approvals and will be subject to standard regulatory approval.
Tags: sale
portugal
pt
exclusive
Oi in exclusive talks with Altice
2014-12-01 01:00:00| Total Telecom industry news
Brazilian telco indicates it is looking for a higher offer for its Portuguese assets; to hold exclusive talks with French firm for 90 days.
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exclusive
talks
exclusive talks
Exclusive: Perry Ellis Holds Talks with Peter J. Solomon and BofA Bankers
2014-11-14 16:34:49| Apparel - Topix.net
The interview process began a few months ago, a source said, with the initial idea of an investment bank providing strategic advice to the apparel retail group, which is based in Doral, Fla. Another source had previously told The Deal that Perry Ellis was prepping itself for a sale, primarily by licensing out its brand names to help clean up its balance sheet.
Tags: peter
exclusive
holds
talks
TDF owners enter exclusive talks to sell French operations
2014-11-13 09:11:00| Telecompaper Headlines
(Telecompaper) France's TDF has announced the start of exclusive negotiations for the sale of its assets in France to a consortium comprising APG Asset Management, Arcus Infrastructure Services, Brookfield Infrastructure and Public Sector Pension Investment Board from TDF's current shareholders, namely TPG, Ardian, BPI France Investissement and Charterhouse. The assets in question consist primarily of TDF's French activities, all of its business excluding operations in Germany. The activities subject to the negotiations have an enterprise value of approximately EUR 3.06 billion. They include over 6,690 multi-purpose towers and rooftop sites, as well as 5,000 km of fibre backbone. The APG-led consortium will be working with TDF, its current shareholders, and employee bodies to obtain authorisations regarding its offer in order to reach a definitive agreement.
Tags: enter
sell
french
owners
Vivendi opts for exclusive talks with Telefonica on GVT sale
2014-08-28 16:37:00| Telecompaper Headlines
(Telecompaper) Vivendi has decided to enter exclusive negotiations with Telefonica on the sale of its Brazilian broadband operator GVT. The decision comes within a day of Telefonica raising its bid to EUR 7.45 billion, beating an offer of EUR 7 billion from Telecom Italia. Telefonica's offer also comes with a higher cash portion and a stake in Telefonica Brasil. If Vivendi reaches agreement on the sale of GVT, it will exit the telecoms business completely, after earlier selling French operator SFR and Maroc Telecom. Vivendi said it found Telefonica's offer for GVT more attractive, resulting in a profit of more than EUR 3 billion. The bid also carries limited risks, especially after completion of the sale, while opening up opportunities for closer cooperation between the two groups in the media and content sectors.
Tags: sale
exclusive
talks
telefonica