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Top related persons:
Vicki Brady - 1 Kelly Bayer Rosmarin - 1 Commpete - 1 Michelle Lim - 1 Harish Sridharan - 1 Subhranshu Sahu - 1 Jamie Freed - 1 Sherry Jacob - 1
Top related locs:
Bengaluru
Top related orgs:
Companies Telecom - 1 Optus - 1 TPG Telecom - 1 TPG - 1 Telstra - 1 Australian Competition Tribunal - 1 Telstra Group - 1 Australian Competition - 1

Search resuls for: "Companies Telecom"


3 mentions found


☆ Australia's competition tribunal blocks Telstra-TPG Telecom network deal
  + stars: | 2023-06-21 | by ( Harish Sridharan | ) www.reuters.com   time to read: +3 min
2 wireless internet provider owned by Singapore Telecommunications (STEL.SI). TPG said it would review the tribunal's decision before considering its options for further appeal, including a judicial review in the Federal Court. Telstra shares were up 0.7% in early trade, while TPG's shares fell as much as 10.8%, the biggest intraday decline since August 2022. Optus, which had previously opposed the deal on the grounds it would build Telstra's market dominance, said it welcomed the tribunal's decision. "The tribunal's decision was a decisive move for competition in the sector," Commpete Chair Michelle Lim said.
Persons: Vicki Brady, Kelly Bayer Rosmarin, Commpete, Michelle Lim, Harish Sridharan, Subhranshu Sahu, Jamie Freed, Sherry Jacob, Phillips Organizations: Companies Telecom, Optus, TPG Telecom, TPG, Telstra, Australian Competition Tribunal, Telstra Group, Australian Competition, Consumer Commission, Singapore Telecommunications, ACCC, ACT, Thomson Locations: Bengaluru
☆ Italy's CDP board to meet over bid for Telecom Italia grid -sources
  + stars: | 2023-03-05 | by ( Elvira Pollina Giuseppe Fonte | Elvira Pollina | Giuseppe Fonte | ) www.reuters.com   time to read: +2 min
CDP has teamed up with Australian infrastructure fund Macquarie (MQG.AX) to bid for Italy's most important telecommunications infrastructure, for which U.S. investment firm KKR (KKR.N) has already presented an offer. One of the people familiar with the matter said that CDP board members were set to meet at 3 p.m. (1400 GMT) to approve the offer. In recent weeks, sources have told Reuters that CDP-Macquarie and KKR have both set an 18-billion-euro ($19 billion) enterprise value for TIM's grid. CDP's offer would also involve TIM's smaller fibre-optic network rival Open Fiber, which is owned by CDP and Macquarie and would be folded into TIM's grid down the road. Under Italian rules, Rome has the power to block unwanted interest for assets of strategic importance such as TIM's grid.
☆ Miners lift European shares, but fall in Telecom Italia caps gains
  + stars: | 2023-02-20 | by ( Shreyashi Sanyal Bansari Mayur Kamdar | Shreyashi Sanyal | Bansari Mayur Kamdar | ) www.reuters.com   time to read: +3 min
The pan-European STOXX 600 index (.STOXX) closed 0.1% higher ahead of a slew of economic data due later this week. Telecom Italia (TIM) (TLIT.MI) fell 2.7% as a government-sponsored offer rivalling KKR's bid for the former phone monopoly's prized grid failed to materialise over the weekend. The EURO STOXX index (.STOXXE), which houses major companies in the eurozone, inched down 0.1%. On the economic front, euro zone consumer confidence rose by 1.7 points in February from January, as expected, figures showed. Forvia, the European car parts maker born from Faurecia's (EPED.PA) takeover of Hella (HLE.DE), forecast stable 2023 sales, sending Faurecia nearly 2.3% higher.
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