Brazil Movil To Buy TIM From Telecom Italia For 8.0 Billion Euros: Report
Rumors have been rife that Telecom Italia would sell it’s mobile operation (TIM mobile) for a while now...they’re picking up steam.
AFP is reporting on an article in a Brazilian daily, O Globo, that the company has made a deal with Latin American giant America Movil to sell TIM Mobile for 8 billion euros. Combining TIM with Claro would make it the largest operator in Brazil, “with nearly 49 percent of the 47 million-user Brazil market” according to the article, although I’m pretty sure that the 47 million user figure is 49% of the total mobile market. The source said that the deal was certain and would be announced next week, but TIM has already denied the report. The article ends by saying that the deal would give America Movil a foothold in Europe, which would imply that the whole mobile arm is being considered for sale and not just the Brazilian operation.
In Europe, a “private equity consortium has bought a minority stake in the Czech unit of T-Mobile International, the cellular telecommunications unit of Deutsche Telekom” for 1.2 billion euros. The consortium of Al-Bateen Investment, Lehman Brothers Private Equity and Mid Europa Partners aquired the stake by buying “local telecom company Ceske Radiokomunikace, formerly a minority owner of the Czech T-Mobile unit”.
Swisscom AG has confirmed it is keen to buy back Vodafone’s 25% stake in the company..."Vodafone bought the holding at the top of the market in 2001 for CHF 4.5bn ($3.66bn) and is now likely to face a loss of the deal as bankers Bear Stearns values the stake now at 3.63 billion Swiss francs ($2.9bn).” This would continue Vodafone’s fire sale: “Vodafone has so far this year sold its Japanese unit, Vodafone KK, to Softbank for JPY 1.8 trillion ($15.5bn), parted with its 25% stake in leading Belgian mobile operator, Proximus for 2bn euros ($2.55bn), and disposed of its loss-making Swedish operation Europolitan Vodafone AB for 994m euros ($1.2bn).” It’s still got the stake in Verizon, though…
source:moconews.net
AFP is reporting on an article in a Brazilian daily, O Globo, that the company has made a deal with Latin American giant America Movil to sell TIM Mobile for 8 billion euros. Combining TIM with Claro would make it the largest operator in Brazil, “with nearly 49 percent of the 47 million-user Brazil market” according to the article, although I’m pretty sure that the 47 million user figure is 49% of the total mobile market. The source said that the deal was certain and would be announced next week, but TIM has already denied the report. The article ends by saying that the deal would give America Movil a foothold in Europe, which would imply that the whole mobile arm is being considered for sale and not just the Brazilian operation.
In Europe, a “private equity consortium has bought a minority stake in the Czech unit of T-Mobile International, the cellular telecommunications unit of Deutsche Telekom” for 1.2 billion euros. The consortium of Al-Bateen Investment, Lehman Brothers Private Equity and Mid Europa Partners aquired the stake by buying “local telecom company Ceske Radiokomunikace, formerly a minority owner of the Czech T-Mobile unit”.
Swisscom AG has confirmed it is keen to buy back Vodafone’s 25% stake in the company..."Vodafone bought the holding at the top of the market in 2001 for CHF 4.5bn ($3.66bn) and is now likely to face a loss of the deal as bankers Bear Stearns values the stake now at 3.63 billion Swiss francs ($2.9bn).” This would continue Vodafone’s fire sale: “Vodafone has so far this year sold its Japanese unit, Vodafone KK, to Softbank for JPY 1.8 trillion ($15.5bn), parted with its 25% stake in leading Belgian mobile operator, Proximus for 2bn euros ($2.55bn), and disposed of its loss-making Swedish operation Europolitan Vodafone AB for 994m euros ($1.2bn).” It’s still got the stake in Verizon, though…
source:moconews.net
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