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Telefonica confirms takeover talks after Iusacell report
2014-07-30 14:45:00| Telecompaper Headlines
(Telecompaper) Telefonica has confirmed ongoing negotiations with an unnamed company in Mexico after an earlier report said the Spanish group was finalising the takeover of mobile operator Iusacell. In a statement to Spain's market regulator CNMV, Telefonica said "negotiations are open, although no agreement has been reached." Spanish website El Confidencial had earlier reported that Telefonica was close to acquiring its rival Iusacell for between EUR 2.5 to EUR 3 billion. Iusacell, Mexico's third largest mobile operator, was valued at USD 3.2 billion when the broadcaster Televisa acquired a 50 percent stake in the company in 2012. Mexican billionaire Ricardo Salinas owns the remaining 50 percent of the operator.
Tags: report
talks
confirms
takeover
Telefonica, Iusacell to merge Mexico operations report
2014-02-07 07:15:00| Telecompaper Headlines
(Telecompaper) Telefonica is in talks to combine its Mexico unit with Iusacell. Via this move, the companies plan to create a stronger competitor to America Movil, Bloomberg reports, citing unnamed people with knowledge of the matter. According to the same source, Telefonica and Iusacell have not decided yet which company would control the combined mobile operator. Telefonica is being advised by Banco Bilbao Vizcaya Argentaria and Lazard, the sources added.
Tags: report
mexico
operations
merge
Telefonica eyes Iusacell
2014-02-07 01:00:00| Total Telecom industry news
Source claims operator to pursue Mexico merger in bid to mount challenge to America Movil.
Tags: eyes
telefonica
iusacell