Forex by Lucky Room » telefonica http://forex.luckyroom.com Inside you will find a comprehensive guide to forex and forex online, listings of the top fx trading sites and the top forex bonus which are applicable with included forex bonus codes. Wed, 31 Aug 2011 11:40:43 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Telefonica buys Portugal Telecom Shares in Vivo http://forex.luckyroom.com/telefonica-buys-portugal-telecom-shares-in-vivo-481 http://forex.luckyroom.com/telefonica-buys-portugal-telecom-shares-in-vivo-481#comments Wed, 28 Jul 2010 22:26:54 +0000 Shay Greenberg http://forex.luckyroom.com/?p=481 Telefonica agreed to the acquisition of the shares of Portugal Telecom in Vivo Participacoes, the largest mobile phone company in Brazil at the price over 7.5 billion Euros (9.8 billion dollars). As announced today, the Spanish company will initially pay 4.5 billion in cash and one billion by the end of the year the remainder will be settled in 2011. The two companies jointly own Vivo through an investment vehicle under the name Brasilcel, which controls 60% of the Brazilian company. Last month, Telefonica had announced that it abandons its plans to acquire control of the leading mobile phone company in Brazil, as the negotiations with Portugal Telecom were unsuccessful.

In its Communication, the Spanish telecommunications company said that it was withdrawing its bid for shares worth 7.15 billion Euros in Vivo for the period for which it had given the board of the Portuguese company for its acceptance. Although Portugal Telecoms shareholders had voted in favor of accepting the offer, the Portuguese government blocked the agreement by invoking rights under the regime of so-called “golden” shares. The European Court ruled the rule illegal by referring to it as an unwarranted restriction on free movement of capital.

]]> http://forex.luckyroom.com/telefonica-buys-portugal-telecom-shares-in-vivo-481/feed 0 Telefonica to invest $1.5 billion in Peru http://forex.luckyroom.com/telefonica-to-invest-1-5-billion-in-peru-84 http://forex.luckyroom.com/telefonica-to-invest-1-5-billion-in-peru-84#comments Sun, 24 Jan 2010 01:12:10 +0000 Shay Greenberg http://forex.luckyroom.com/?p=84 The Spanish telecommunications company Telefonica will invest $1.5 billion in Peru during the period 2010-2013 to install new fiber optics networks in order to enlarge the number of citizens of the South American country which have Internet access, as it has been announced by Cesar Alierta, Chairman of the company, after a meeting with the country’s president Alan Garcia. “It’s the most important decision of Telefonica in Peru in the last 10 years,” he stated to reporters during his departure from the meeting. It was noted that the new network will have a length of 1200 km and is expected to be installed within the next two to three years. It will allow more than 5 million people in Peru to gain access to the Internet for the first time, said Alierta. Peru has about 28 million inhabitants. The project will increase the size of the network of fiber optic by 5000 km.

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