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Eurobites: Iliad Needs to Up Its T-Mobile Bid

Paul Rainford
8/5/2014
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Also in today's EMEA regional roundup: Telefónica bids for Vivendi's Brazilian broadband arm; EU wants more detail on Liberty/Ziggo deal; Ericsson scores in Egypt.

  • Deutsche Telekom AG (NYSE: DT) has many reservations about the bid by French upstart Iliad (Euronext: ILD) for a majority stake in T-Mobile US Inc. -- not least of which is the value of the Iliad offer -- but it is prepared to consider the bid as an option, according to this Reuters report that cites unnamed sources. Deutsche Telekom will want to maximize its price but also select a bidder for T-Mobile US that has the best chance of being a successful player in the US market, as DT will retain a minority stake whichever bidder it sells to. (See Iliad Offers $15B for a Stake in T-Mobile and Eurobites: Iliad Slumps on T-Mobile Bidding Battle Fears.)

  • Telefónica SA (NYSE: TEF) has submitted a €6.7 billion (US$8.9 billion) bid for GVT, Vivendi 's Brazilian broadband provider. Under the terms of the deal, Vivendi could retain an 8.3% stake in GVT.

  • The fate of Dutch cable operator Ziggo B.V. still hangs in the balance, reports Reuters, as European Union antitrust regulators have called a halt to their review of Liberty Global Inc. (Nasdaq: LBTY)'s proposed acquisition of the operator until the US cable giant furnishes them with more details of the deal. (See Euronews: Rivals Set for Cable Asset Battle.)

  • Ericsson AB (Nasdaq: ERIC) has landed a three-year managed services deal with Vodafone Egypt , providing field maintenance in the greater Cairo area. Vodafone Egypt has more than 36 million subscribers. The value of the deal was not disclosed. (See Vodafone Egypt Uses Ericsson's Managed Services.)

  • UK cable operator Virgin Media Inc. (Nasdaq: VMED) is enabling customers with an iPad, iPhone or iPod Touch to access Sky (NYSE, London: SKY)'s Sky Sports and Sky Movies channels on the go for the first time. The move means that the Brits have even more opportunity to watch even more TV on even more screens -- just what we need!

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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