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EU champions’ hope will slam into hard M&A reality

BREAKINGVIEWS-EU champions’ hope will slam into hard M&A reality The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Liam Proud LONDON, Oct 16 (Reuters Breakingviews) - Brussels wants European companies to join together and compete with U.S. and Chinese rivals. In many cases, however, national politicians and investors may have different ideas.
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Telecoms giant America Movil triples quarterly net profit in Q3

UPDATE 2-Telecoms giant America Movil triples quarterly net profit in Q3 Adds subscriber gains in paragraph 9; operating profit and financing costs in paragraph 10; context in paragraphs 11-12 MEXICO CITY, Oct 15 (Reuters) - Mexican telecommunications giant America Movil AMXB.MX reported on Tuesday that it more than tripled its net profit in the third quarter from a year ago, d ue in part to a weaker peso boosting its foreign earnings and lower financing costs.
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Spanish stocks - Factors to watch on Oct 1

Spanish stocks - Factors to watch on Oct 1 Oct 1 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Tues day . Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: INDRA IDR.MC Indra said on Monday it plans to start a formal process in order to examine various options related to its unit Minsait Payments.
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Vodafone and Hutchison offer price pledge to answer UK deal concerns

UPDATE 2-Vodafone and Hutchison offer price pledge to answer UK deal concerns Operators make pledges to answer regulator's concerns Offer pricing promise on value brand SMARTY Antitrust regulator to make final decision by Dec. 7 Adds details in paragraph 5-6, shares in paragraph 11 By Paul Sandle LONDON, Sept 30 (Reuters) - Vodafone VOD.L and Hutchison's 0001.HK Three UK said they would commit to keep prices low on their value brand for two years and give better access to wholesale operators in
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Virgin Media O2 CEO takes leave of absence for surgery

Virgin Media O2 CEO takes leave of absence for surgery LONDON, Sept 26 (Reuters) - Virgin Media O2's chief executive Lutz Schuler is being treated for prostate cancer and will take a leave of absence for up to eight weeks to recover from upcoming surgery, the British broadband and mobile company said on Thursday. Chief Financial Officer Patricia Cobian will act as chief executive for the next four to eight weeks while Schuler focuses on his health and recovery, it said, adding that his prognosis
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Spain's CNMC Proposes Increases of Prices Telefonica Charges for Infrastructure Access

BRIEF-Spain's CNMC Proposes Increases of Prices Telefonica Charges for Infrastructure Access Sept 25 (Reuters) - Spain's Comision Nacional de los Mercados y la Competencia (CNMC): PROPOSES UPDATE OF TELEFONICA'S INFRASTRUCTURE ACCESS CHARGES PUBLIC CONSULTATION INITIATED BY CNMC ESTABLISHES INCREASE OF AROUND 20% ON AVERAGE IN RECURRING PRICES PAID
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Israeli cyber startup Torq raises $70 million in latest funding round

Israeli cyber startup Torq raises $70 million in latest funding round JERUSALEM, Sept 24 (Reuters) - Israeli cyber startup Torq said on Tuesday it raised $70 million in its second private funding round this year and targeted $100 million in annual recurring revenue by 2026. Torq, which uses artificial intelligence to provide security protection for companies, has now raised $112 million in 2024 and $192 million since its inception in 2020. Torq said it planned to use the new funds to expand furt
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Spanish stocks - Factors to watch on Sept 18

Spanish stocks - Factors to watch on Sept 18 Sept 18 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: ARIMA ARM.MC The company said on Tuesday its first-half net loss narrowed to 11.2 million euros ($12.45 million).
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Spanish stocks - Factors to watch on Sept 13

Spanish stocks - Factors to watch on Sept 13 Sept 13 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: TELEFONICA Ericsson ERICb.ST said on Thursday it had created a new joint venture for selling network software tools with a dozen telecom operators, including Verizon VZ.N , Deutsche Telekom DTEGn.DE , Reliance Jio and Telefonica TEF.MC .
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Britain signals route to Vodafone-Three UK clearance

UPDATE 4-Britain signals route to Vodafone-Three UK clearance CMA says deal could push up bills But adds it could improve network quality, speed up 5G To make final decision on deal in December Companies disagree deal raises competition concerns Rewrites paragraph 1, adds Vodafone CEO quotes in 10-12 By Paul Sandle LONDON, Sept 12 (Reuters) - Vodafone's VOD.L merger with Three UK could win regulatory approval if they can guarantee the $19 billion deal will be good for consumers, network quality
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Virgin Media O2 to sell around 8% stake in Cornerstone for about 150-160 mln pounds- FT

MEDIA-Virgin Media O2 to sell around 8% stake in Cornerstone for about 150-160 mln pounds- FT -- Source link: https://tinyurl.com/23o5ol7w -- Note: Reuters has not verified this story and does not vouch for its accuracy
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Ericsson forms company with 12 telcos to sell network software

REFILE-UPDATE 2-Ericsson forms company with 12 telcos to sell network software Fixes syntax in paragraph 1 Verizon, Reliance Jio, Deutsche Telekom joins new venture Ericsson will hold 50% of venture, rest by telecom providers Ericsson says venture has fully funded business plan for 3 years Investors committed initial funding, Series B funding if needed By Supantha Mukherjee, Anna Ringstrom STOCKHOLM, Sept 12 (Reuters) - Ericsson ERICb.ST said on Thursday it had created a joint venture to sell so
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Vodafone Spain, Telefonica Signs New Fibre Wholesale Agreement

BRIEF-Vodafone Spain, Telefonica Signs New Fibre Wholesale Agreement Sept 12 (Reuters) - Zegona Communications PLC ZEG.L : ZEGONA COMMS. - VODAFONE SPAIN - NEW FIBRE WHOLESALE TERMS AGREED ZEGONA COMMUNICATIONS PLC - NEW AGREEMENT TO REPLACE CURRENT WHOLESALE CONTRACT EXPIRING END OF 2024 ZEGONA COMMUNICATIONS PLC - AGREEMENT TO CREATE MATERIAL SYN
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Spanish stocks - Factors to watch on Sept 10

Spanish stocks - Factors to watch on Sept 10 Sept 10 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Tues day . Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: AEDAS HOMES AEDAS.MC The company said on Monday it has registered a commercial paper notes programme for up to 100 million euros ($110.35 million).
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Spanish stocks - Factors to watch on Sept 3

Spanish stocks - Factors to watch on Sept 3 Sept 3 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Tuesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: BBVA BBVA.MC , SABADELL SABE.MC Britain's Prudential Regulation Authority has given a green light to BBVA BBVA.MC to take indirect control of TSB, the British unit of Spain's Sabadell SABE.MC , BBVA said on Tuesday.
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America Movil, Telefonica ink non-binding deal for sale of WOM assets

America Movil, Telefonica ink non-binding deal for sale of WOM assets MEXICO CITY, Sept 2 (Reuters) - Mexican telecommunications giant America Movil, controlled by the family of tycoon Carlos Slim, announced on Monday that it has signed a non-binding deal with Spain's Telefonica to explore joint participation in the sale of WOM assets. The assets of Chilean carrier WOM and its affiliates are part of pending bankruptcy proceedings pending in U.S.
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Brazil's three largest telecom operators to block X starting at midnight, local media reports

Brazil's three largest telecom operators to block X starting at midnight, local media reports SAO PAULO, Aug 30 (Reuters) - The three largest telecom operators in Brazil have informed telecom regulator Anatel that they will block access to messaging platform X in Brazil starting at midnight local time, locals news site UOL reported on Friday, citing information from Anatel.
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Virgin Media O2 said to seek investor for 5 billion stg network arm- Bloomberg News

MEDIA-Virgin Media O2 said to seek investor for 5 billion stg network arm- Bloomberg News -- Source link: https://tinyurl.com/26ycbqcw -- Note: Reuters has not verified this story and does not vouch for its accuracy
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German regulator rebuked over 5G spectrum auction 'bias'

UPDATE 1-German regulator rebuked over 5G spectrum auction 'bias' Adds affected companies in paragraph 3, background in paragraphs 5 and 6, plaintiff comment in paragraph 8 FRANKFURT, Aug 27 (Reuters) - A German court found serious errors by the country's federal network regulator during a 2019 auction of 5G mobile radio frequencies and cited concerns over its independence in a ruling on Tuesday.
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German regulator rebuked over 'bias' in 5G tender process

German regulator rebuked over 'bias' in 5G tender process FRANKFURT, Aug 27 (Reuters) - A German court found serious errors made by the federal network regulator during a 2019 auction of 5G mobile radio frequencies in a ruling published on Tuesday that cited concerns over the agency's independency. In a statement, the administrative court in Cologne said the regulator's mobile spectrum auction had been "biased" and "unlawfully influenced" by the German ministry for transport and digital infrastr
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