Tie-up with Virgin Media owner will transform mobile phone operator into a cable and broadband TV giant in EuropeVodafone has struck an €18.4bn (£16bn) deal to buy Liberty Global’s cable TV and broadband businesses in Germany and eastern Europe.The deal for the Virgin Media owner, which has been the subject of on-off talks for several years, will transform Vodafone from a mobile phone operator into a cable and broadband TV giant across the continent. Continue reading...
Simultaneous raids across Europe focus on alleged breach of anti-trust rules in sports rights salesThe London offices of international sports giant IMG and the agency co-founded by the new owner of Leeds United football club have been raided by officials from the European commission investigating potential sports rights cartels, the Guardian has learned.European investigators entered the offices of IMG and MP & Silva on 10 April as part of a series of raids timed simultaneously including at the 21st Century Fox subsidiary Fox Networks Group, which is based in Hammersmith, west London, and Ziggo Sport, the Dutch subsidiary owned by Vodafone and Virgin Media parent Liberty Global. Continue reading...
Liberty Latin America (LILA) has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions as well.
Vittorio Colao raises possibility as he hits back at comments by Deutsche Telekom boss
Tie-up would pose enhanced challenge to Deutsche Telekom
The Zacks Analyst Blog Highlights: DISH, Cincinnati, CenturyLink, America Movil and Liberty
The telecom space was rife with earnings reports last week.
Top Analyst Report for Amgen, TOTAL S.A. & Marriott
Liberty Global (LBTYA) adds net 210,000 subscribers for its next-generation flagship TV platforms.
Liberty Global's (LBTYA) Q4 earnings are likely to be driven by mergers and acquisitions, stock repurchases and sale of its cable businesses. Competition remains a woe.
Asset sales in Germany and eastern Europe could trigger wave of secondary deals
The last week looked like a bad spell for the telecom sector. Almost all major telecom stocks lost value in line with the broader market (the S&P 500) movement.
U.S. Stocks Set for Sharp Drop at Open (WSJ) Bitcoin Drops 10% as Cryptocurrencies Sink (BBG) A decade after recession, a jump in U.S. states with wage gains (Reuters) Democrats See Campaign Issue in House GOP Memo Alleging Bias (BBG) Trump accuses House intel panel's top Democrat of leaking information (Reuters) How Spiking Bond Yields Could Topple a Stock Market Rally (BBG) Tech Giants Are in No Rush to Spend Overseas Cash (WSJ) Here’s the Trump Tax Loophole Your Accountant Can Blow Wide Open (BBG) Senators Aim to End Budget Impasse With ‘Dreamers’ Bill (WSJ) Warring Conservatives Force May Into New Red Line on Brexit (BBG) Merkel, SPD Push Ahead in Government Talks After Missed Deadline (BBG) House to Consider Releasing Democrats’ Surveillance Memo (WSJ) Broadcom sweetens Qualcomm bid, calling it the final offer (Reuters) The Latest Victim of China’s Great Firewall: Cryptocurrency Websites (WSJ) Dear Jay: High-Powered Advice for the Incoming Fed Chairman (BBG) Japan’s Famed Manufacturing Model Is Facing a Crisis (WSJ) Samsung Heir Lee Freed After Court Suspends Jail Term (BBG) Euro-Area Companies Boost Jobs as Output Nears 12-Year High (BBG) Banks Double Down on Branch Cutbacks (WSJ) Microsoft Says It’s True: Cat Videos Distract Workers (BBG) U.S. consumer protection official puts Equifax probe on ice (Reuters) Erdogan and pope discuss Jerusalem as scuffles break out near Vatican (Reuters) Jury to hear opening statements in Waymo-Uber trial over autonomous car secrets (Reuters) Overnight Media Digest WSJ - Broadcom Ltd plans to raise its offer for Qualcomm Inc to around $120 billion, a person familiar with the matter said, a move aimed at increasing pressure on the takeover target in what would be the largest-ever technology deal. on.wsj.com/2nErz4s - Apple Inc's streaming-music service, introduced in June 2015, has been adding subscribers in the U.S. more rapidly than its older Swedish rival Spotify—a monthly growth rate of 5 percent versus 2 percent—according to people in the record business familiar with figures reported by the two services. on.wsj.com/2nDM3ub - British wireless giant Vodafone Group Plc said it is in talks to acquire European assets from Liberty Global Plc , John Malone's international cable company. on.wsj.com/2nz6U20 - Center-right candidate Nicos Anastasiades was comfortably re-elected president of Cyprus in a runoff election on Sunday, beating rival Stavros Malas, an independent backed by Communist party AKEL. on.wsj.com/2nEbegc - The Federal Reserve's unprecedented move to handcuff growth at Wells Fargo & Co sent a message that boards of directors, not just management, will be held accountable when big banks fail to manage risks. on.wsj.com/2nCkEc1 FT The UK’s top banking supervisor has warned against a “bonfire of the regulations” after Brexit, despite Eurosceptics calling for a more competitive regime when Britain leaves the EU. China’s ecommerce giant JD.com Inc plans to challenge Amazon.com Inc in Europe as early as 2019, aiming to be ubiquitous across the continent within “a few years”, says the company’s chief. The chief executive of International Airlines Group , which owns British Airways, Heathrow’s biggest single customer, has stepped up its stinging attack on high cost of expansion at the airport, calling for the break-up of Heathrow’s monopoly as a way to cut costs. NYT - DC Entertainment, the home of Batman, Superman, Wonder Woman and a legion of other heroes, is planning two new graphic novel imprints aimed at younger readers. DC Zoom will feature stories for middle school readers, and DC Ink will focus on young adults. (nyti.ms/2nIiZRz) - A group of Silicon Valley technologists who were early employees at Facebook Inc and Alphabet Inc's Google are creating a union of concerned experts called the Center for Humane Technology to educate students, parents and teachers about the dangers of technology, including the depression that can come from heavy use of social media. (nyti.ms/2E24D9R) - Amtrak suffered its third high-profile crash in less than seven weeks early Sunday when a passenger train traveling on the wrong track slammed into a stationary freight train in South Carolina, killing two people and intensifying worries about the safety and reliability of passenger rail service in the United States. (nyti.ms/2nIWXyh) Britain The Times Facebook Inc is close to signing a deal for a new British headquarters at the King's Cross redevelopment in London. The company is finalising outline terms with King’s Cross Central, which is majority-owned by the Australian Super pension fund. bit.ly/2E0cHYu One of Capita Plc's shareholders, Royal London Asset Management, said it had been privately raising concerns about Capita's weak governance for a number of years and had repeatedly voted against pay deals. bit.ly/2E0e1uq The Guardian The collapse of Carillion Plc is expected to trigger a rise in the number of construction companies going bust as subcontractors in its supply chain miss out on payment, a leading accountancy firm has warned. bit.ly/2E1aps8 Pinewood, the film studio behind the James Bond and Star Wars franchises, has expressed interest in building a new site in east London, as the British film industry struggles to accommodate demand for TV and blockbuster shoots. bit.ly/2E2lbOW The Telegraph One of Britain's top think tanks has upgraded its growth forecasts for the UK economy, in a move that threatens to deal another blow to widespread predictions that Brexit would deliver a serious shock to Britain. bit.ly/2E2lTf4 Lloyds Banking Group Plc has become the first to announce a ban on customers using credit cards to buy Bitcoin amid fears they could run up huge losses. bit.ly/2E2VvBT Sky News Trinity Mirror Plc and Northern & Shell will clinch a 127 million pound deal to sell the Daily Express to the publisher of the Daily Mirror. bit.ly/2DY32l8 The Independent The Civil Aviation Authority has announced a consultation into airlines' seating policies, following a survey in which 18 per cent of passengers said they had been separated from their travelling companions when they chose not to pay to sit together. ind.pn/2E2mgX0