Telefónica said it is beginning a 'new journey in the Brazilian market" after receiving approval from Brazil's antitrust authority, Cade, to acquire fixed-line operator Global Village Telecom (GVT) from Vivendi.
Telecom Italia turned an annual profit for the first time in three years, posting a consolidated net profit of €1.35 billion ($1.44 billion) in 2014 compared to a loss of €674 million in 2013.
Telefônica reached a preliminary agreement with Brazilian competition watchdog Cade over its planned acquisition of local fixed operator GVT, after telecoms regulator Anatel cleared the deal in December.
Telecom Italia reported a decrease in revenue and core earnings in preliminary results for the 2014 financial year, but said the rate of domestic revenue decline slowed over the year while analysts noted that targets to cut debt were met.
Ericsson and the Global M2M Association (GMA) will showcase their "revolutionary" new Multi-Domestic Service at Mobile World Congress 2015. The GMA calls it one of the most innovative M2M connectivity management services on the market, enabling global deployment and management of M2M and Internet of Things services.
Telecom Italia has started the process of unifying its fixed, mobile and Internet offers under one commercial brand: TIM.
Altice signed a definitive agreement with Brazil-based Oi to buy the Portuguese assets of Portugal Telecom (PT Portugal) for €7.4 billion ($9.1 billion) on a cash and debt-free basis.
Altice has started exclusive negotiations with Brazil-based Oi to agree a €7.4 billion ($9.2 billion) acquisition of the Portuguese assets of Portugal Telecom (PT), fending off a rival €7.07 billion bid from private equity funds Apax and Bain, as well as a €1.2 billion offer from Angola-based investor Isabel dos Santos.
Telecom Italia's board on Friday gave clearance to the company's management to explore a tie-up between TIM Participacoes and Brazilian rival Oi, while also approving the sale of the company's towers in Brazil to American Tower Group.
Telecom Italia is close to announcing a deal to sell the mobile phone towers of its Brazilian business TIM Participacoes to American Tower, as chief executive Marco Patuano also continues to push for a tie-up with Brazilian rival Oi.