Telecom players show interest in Sonera deal

Article Abstract:

Sonera Corp., a mobile telephone services operator in Finland, is receiving a lot of offers from other telecommunication companies interested in buying the company i.e., France Telecom SA, Orange PLC, Deutsche Telekom AG and British Telecommunications PLC.

Brief Article, British Telecommunications PLC, Deutsche Telekom AG, France Telecom S.A., Orange PLC, FTE

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Telefonica shows interest in Sonera

Article Abstract:

Telefonica SA has expressed in interest in acquiring Sonera Corp. Telefonica joins a group of other European telephone firms who are seeking to purchase Sonera.

Telecommunications, Telephone Communication, Spain, Telefonica S.A.

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Telecom Italia may raise $22 billion for payout or buyback to halt Olivetti

Article Abstract:

Telecom Italia SpA is studying the possibility of raising as much as 20 billion euros ($22 billion) in order to pay for a special dividend. The money could also be used to repurchase shares. Telecom is attempting to prevent Olivetti SpA's hostile takeover bid. In addition, Olivetti has reached an agreement with four investment banks to borrow $10 billion for the proposed takeover. The moves signal a heightening of the battle for Telecom Italia.

Comment:

Telecom studying the possibility of raising 20 billion euros ($22 billion) to prevent Olivetti's takeover bid

Italy, Asset sales & divestitures, Wired Telecommunications Carriers, Computer and Office Equipment, Office & Computing Machines, Telephone Communications, Telephone communications, exc. radio, Office equipment, Office equipment and supplies industry, Office equipment industry, Telephone services, Abstract, Telecom Italia S.p.A., Olivetti S.p.A.

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