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EU issues objections to Spain's Telefonica over proposed E-Plus buy

Brussels, Feb 27 (EFE).- The European Commission said Thursday it expressed its concerns to Spain's Telefonica about the proposed 8.55-billion-euro ($11.7-billion) purchase of mobile operator E-Plus by the Spanish giant's German subsidiary. "I can confirm that the Commission on Wednesday sent a statement of objections related to the proposed acquisition of E-Plus by Telefonica Deutschland," Antoine Colombani, the EC's spokesman for competition policy, said at a press conference.

EU issues objections to Spain's Telefonica over proposed E-Plus buy

Brussels, Feb 27 (EFE).- The European Commission said Thursday it expressed its concerns to Spain's Telefonica about the proposed 8.55-billion-euro ($11.7-billion) purchase of mobile operator E-Plus by the Spanish giant's German subsidiary. "I can confirm that the Commission on Wednesday sent a statement of objections related to the proposed acquisition of E-Plus by Telefonica Deutschland," Antoine Colombani, the EC's spokesman for competition policy, said at a press conference.

M&A speculation lifts Tele2 shares as Norway uncertainty looms

By Sven Nordenstam STOCKHOLM (Reuters) - Shares in Nordic telecom operator Tele2 <TEL2b.ST> jumped as much as 8 percent on Friday on expectations of a bid for its business in Sweden that would bring about long-awaited consolidation of the country's telecoms sector.

Exclusive: Tele2 seeks lifeline in Norway through Access talks

By Leila Abboud and Sophie Sassard PARIS/LONDON (Reuters) - Tele2, which lost a December auction for the mobile spectrum it needs to run its Norwegian network, is in deal talks with the winner, Access Industries, in a bid to salvage its local operation, said four people familiar with the matter. Tele2, which is Norway's third-largest mobile operator behind Telenor and Teliasonera, has spent nearly 400 million euros since 2011 to build a business that now has 1.2 million customers and some 1,700 mobile towers.

Dutch telecom KPN to cut 1,500 jobs, 5 per cent of staff, after weak fourth quarter earnings

AMSTERDAM - Royal KPN NV, the Dutch telecom company partly owned by Mexican billionaire Carlos Slim, says it will cut at least 1,500 jobs — 5 per cent of staff — by 2016 as its fourth quarter sales fell and losses worsened. KPN agreed to sell its German mobile arm E-Plus to Telefonica Deutschland last year as it fought off a takeover attempt by Slim, who still holds about 30 per cent of KPN shares. European regulators are vetting the E-Plus sale, which would create a German telecom big enough to rival Deutsche Telekom and Vodafone.

KPN reports loss, job cuts

Dutch telecoms operator KPN fell into a net loss in 2013 owing to the cost of disposing of German unit E-Plus, and announced big job cuts on Tuesday. The group said that it would shed 1,500-2,000 jobs in the Netherlands by 2016, but said it hoped to resume paying a dividend this year. Excluding the costs of selling E-Plus, KN made a net profit of 293 million euros ($396 million), to show a fall of 6.7 percent from the outcome in 2012. The disposal costs including asset depreciation and taxes. In July KPN agreed to sell E-Plus to Spanish group Telefonica.

EU antitrust regulator to investigate Telefonica's proposed $11.7 billion German purchase

AMSTERDAM - Europe's top antitrust regulator says it has launched an in-depth investigation of Telefonica SA's proposed 8.55 billion euro ($11.7 billion) purchase of E-Plus, the German arm of Dutch telecommunications company Royal KPN NV. Telefonica agreed to purchase the business from KPN in August, after winning the support of KPN's biggest shareholder, Mexican billionaire Carlos Slim. Telefonica plans to merge E-Plus with its own German arm, creating a third player on the German market big enough to rival leaders Deutsche Telekom AG and Vodafone PLC.

KPN says it believes Slim will retain his stake in group

BARCELONA (Reuters) - Mexico's America Movil will likely keep its stake in Dutch phone group KPN following its failed takeover attempt, KPN's chief executive predicted on Thursday. America Movil, controlled by billionaire Carlos Slim, owns a near 30 percent stake in KPN but pulled out of takeover negotiations last month after KPN's board rejected its 2.4 euros a share offer.

America Movil shares sink, European strategy up in air

By Elinor Comlay MEXICO CITY (Reuters) - Shares in America Movil fell nearly 3 percent on Friday after Latin America's biggest phone company reported a sharply lower profit and on concerns over the investment strategy of billionaire Carlos Slim's flagship company. On a conference call on Friday, a day after the company released quarterly earnings, analysts repeatedly asked questions about America Movil's plans in Europe. The company announced last week it would not proceed with a planned offer for Dutch phone company KPN.

America Movil third-quarter profit nearly halves

By Elinor Comlay MEXICO CITY (Reuters) - Latin America's biggest phone company, America Movil, on Thursday reported a quarterly profit that fell by almost half, missing analysts' expectations, as customers made fewer phone calls and the company's financing costs soared. The company, controlled by billionaire Carlos Slim, said profit in the July-September period dropped 46 percent to 16.384 billion pesos ($1.25 billion), from 30.45 billion pesos in the same period a year earlier.
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