Key Developments: Telefonica SA (TEF.N)

TEF.N on New York Stock Exchange

17 Sep 2014
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Latest Key Developments (Source: Significant Developments)

Alcatel Lucent SA to deploy 100Gbps optical network for Telefonica SA
Tuesday, 2 Sep 2014 08:00am EDT 

Alcatel Lucent SA:Announces that it has agree with Telefonica SA to deploy a 100 Gbps (gigabits-per second) optical network throughout the north-west, eastern and southern regions of Spain.  Full Article

Telefonica SA expects to close deal for Vivendi SA's GVT by mid-2015-DJ
Friday, 29 Aug 2014 03:07am EDT 

Telefonica SA:Telefonica SA said it expects to complete the 7.45 billion euros acquisition of Vivendi SA's Brazilian unit, GVT, by mid-2015-DJ.Vivendi agreed to enter exclusive talks for the sale of GVT, after Telefonica won a bidding contest over the Brazilian phone operator with Telecom Italia SpA.In a presentation filed with Spain's market regulator, Telefonica said it expects the combination of the two Brazilian units to generate at least 4.7 billion euros in synergies as a result of lower operating and network costs, as well as tax savings and lower financial costs.  Full Article

Telecom Italia SpA acknowledges Vivendi decision on GVT unit entering into exclusive talks with Telefonica SA-Reuters
Thursday, 28 Aug 2014 03:07pm EDT 

Telecom Italia SpA:Telecom Italia said on Aug. 28 it "took note" of the decision by Vivendi to enter into exclusive talks with Spain's Telefonica SA over the sale of the French media company's Brazilian unit GVT-Reuters.Earlier, Vivendi picked Telefonica for exclusive talks over the sale of GVT, spurning Telecom Italia's rival bid.Telecom Italia said it would continue to pursue its development and investment plans in Brazil in line with its 2014-2016 business plan.  Full Article

Vivendi SA receives offers for wholly-owned subsidiary GVT from Telecom Italia and Telefonica
Thursday, 28 Aug 2014 02:24am EDT 

Vivendi SA:Receives two binding offers for wholly-owned subsidiary GVT in Brazil, one from Telecom Italia and another from Telefonica.Says the Telecom Italia offer represents a total enterprise value of 7 billion Euro.Says it includes a part in cash (1.7 billion Euro), a part in Telecom Italia shares(16 pct of share capital and 21.7 pct of voting rights) and and a part in TIM Brasil shares (15 pct).Says the offer expires on Sept. 10.Says Telefonica offer, received last Aug. 4, represents a total enterprise value of 7.450 billion Euro.Says it includes a part in cash, 4.663 billion Euro as well as a part in Telefonica Brasil shares, 12 pct of which about one third can be exchanged at Vivendi's discretion for 5.7 pct of the share capital and 8.3 pct of the voting rights in Telecom Italia.Says this offer expires on Aug. 29.Says the two financial offers also include proposals for content partnerships.Examines the two offers and will decide what actions to take as a result.  Full Article

Vivendi SA receives an offer for GVT from Telefonica SA
Tuesday, 5 Aug 2014 02:26am EDT 

Vivendi SA:Says it has received binding offer from Telefonica SA and Telefonica Brasil SA.To acquire its subsidiary GVT in Brazil for total enterprise value of 20.1 bln Brazilan Real.This offer would be payable partly in cash for about 60 pct of amount and partly in Vivo shares (12 pct of future combined entity) for 40 pct of amount.If this offer was accepted, Vivendi would also have the opportunity to acquire 8.1 pct of Telecom Italia.This offer is subject to definitive agreement and other usual conditions, including approval of relevant regulatory authorities.  Full Article

Telefonica prices bond at up to 1.032 euros/Telecom Italia share-Reuters
Thursday, 17 Jul 2014 02:38am EDT 

Telefonica SA:Telefonica fixed swap price of its 750 million euro Telecom Italia exchangeable bond deal at 0.860 euro to 1.032 euros per Telecom Italia share-Reuters.Bonds will be exchangeable for Telecom Italia shares representing up to 6.5 percent of Italian telecom company's share capital.Following deal, Telefonica will hold between 8.3 percent and 9.4 percent of Telecom Italia's share capital with voting rights.Deal is expected to be completed on July 24.Bonds will have coupon of 6 percent and will mature on July 24, 2017.  Full Article

Telefonica approves bonds exchangeable into ordinary shares of Telecom Italia
Wednesday, 16 Jul 2014 12:00pm EDT 

Telefonica SA:Approves issue of mandatory exchangeable bonds exchangeable into ordinary shares of Telecom Italia.Nominal amount of 750 million euros.Nominal value of 100,000 euros.Annual nominal and fixed interest rate between 5.25 percent and 6 percent.Maturity three years.Maturity date July 24, 2017.Issue coordinated by HSBC Bank plc, JP Morgan Securities plc and Societe Generale, which act as joint global coordinators and joint bookrunners.  Full Article

Telefonica completes sale of Telefonica Ireland Ltd
Monday, 14 Jul 2014 08:00pm EDT 

Telefonica SA:Says, in relation to definitive agreement reached with Hutchison Whampoa Group, that it has completed sale of 100 percent stake in its subsidiary, Telefonica Ireland Ltd.Value of sale amounted to 850 million euros, including initial cash consideration of 780 million euros received at closing of transaction, and additional deferred payment of 70 million euros based on completion of agreed financial objectives.Corresponding debt reduction will be recorded in third quarter 2014.Closing of transaction has no impact on the 2014 results.  Full Article

Telefonica SA's subsidiary agreement for acquisition of 22 pct of share capital of Distribuidora de Televisión Digital, SA
Monday, 7 Jul 2014 02:00am EDT 

Telefonica SA:Says its subsidiary Telefónica de Contenidos, S.A.U. has formalized stock purchase agreement for acquisition of 22 pct of share capital of Distribuidora de Televisión Digital, SA (DTS) owned by Mediaset España Comunicación, S.A. (MEDIASET) for amount of 295 mln Euros.  Full Article

Telefonica reaches agreement with Mediaset to invest 100 mln euros in Mediaset Premium
Monday, 7 Jul 2014 01:31am EDT 

Telefonica SA:Says it has reached agreement with Mediaset SpA to invest 100 million in pay-TV business (Mediaset Premium) of Mediaset in Italy in exchange of 11,11 percent stake in such business.  Full Article

Deals of the day- Mergers and acquisitions

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