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Telecom Italia

Watchdog tells BlackRock to show its hand before Telecom Italia EGM

BlackRock Inc will have to say on Monday what stake it holds in Italy's biggest telecom operator Telecom Italia, after the Italian market watchdog threatened to fine it for not disclosing an increase.

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Sprint

Potential Sprint bid for T-Mobile might have some snags

A Sprint and T-Mobile merger will most likely not happen as the former needs to overcome certain hurdles to ensure that a smooth transition could take place, according to a ZDNet article.

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BlackRock Inc.

BlackRock raises stake in Telecom Italia to 10%

New York-based money manager BlackRock Inc. increased its stake in Telecom Italia to 10%, becoming its second-largest shareholder. This could potentially tip the balance at a shareholder meeting set to vote on the proposed ouster of Telecom Italia's board, according to a Reuters report.

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Aereo

Aereo versus broadcasters could reach US Congress - report

The fight between Pay-television companies and major US broadcasters, and TV over Internet startup Aereo would most likely see intervention from the US government, according to a report on Investors Business Daily today.

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Verizon Communications Inc.

Verizon nears deal to buy Intel's Internet-based pay-TV service

Intel Corp., the world's largest chipmaker, has put up for sale its Internet-based pay-TV startup OnCue. Telecom company Verizon Communications Inc. is said to be nearing a deal to acquire OnCue.

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T-Mobile

News of possible Sprint offer spur rise in T-Mobile shares- report

A Wall Street Journal report about a possible bid from rival Sprint Corp spurred the rise of T-Mobile shares, the largest increase since October 2012, Bloomberg reported.

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Sprint

US carrier Sprint planning 2014 $20B T-Mobile takeover -report

US-based telecommunications company Sprint is eyeing the purchase of rival T-Mobile USA next year in a deal worth $20 billion, according to sources cited in a report by The Wall Street Journal.

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Time Warner Cable

Charter preparing official bid for US cable firm Time Warner

US-based company Charter Communications is reportedly preparing to make an official offer to acquire Time Warner Cable for less than $140 per share, according to a news report.

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Philippine Long Distance Telephone Company (PLDT)

PLDT completes sale of 27% ePLDT stake to Philippine firm Philweb

Philippine-based telecommunications firm Philippine Long Distance Telephone Company (PLDT) completed the divestment of its 27% holding in its wholly owned subsidiary ePLDT Incorporated to Philweb Casino Corporation (PCC).

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Google's Nexus Smartphone

Israel's Cell Buddy vows to end roaming charges in mobile phones

Cell Buddy, an Israeli startup, vows to eliminate the risks of mobile phone users getting charged unexpectedly with roaming fees when traveling abroad, an Associated Press report said.

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EchoStar Corp.

EchoStar ends talks with GVT on Brazilian TV joint venture

US-based EchoStar Corp. said it had ended talks with Vivendi SA's subsidiary Global Village Telecom on a proposed partnership in Brazil. The joint venture aims to provide pay TV services in the Latin American country.

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CVC Capital Logo

Sources say CVC plans to divest Swiss telecom Sunrise

Private equity fund CVC is said to be divesting Sunrise, a mobile operator in Switzerland and has already engaged banks to discuss about their roles for a potential listing or sale.

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Centerbridge Partners LP

Centerbridge Partners to take over LightSquared for $3.3 billion

Private equity firm Centerbridge Partners will pay $3.3 billion and assume about $1.7 billion in debt should it acquire bankrupt telecommunications company LightSquared Inc. Centerbridge and LightSquared were said to have reached a tentative takeover deal.

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Globecomm Systems

Manhattan-based Wasserstein & Co completes acquisition of Globecomm Systems

Manhattan-based private equity and investment firm Wasserstein & Co completed its $340-million purchase of Hauppauge-based satellite communications systems provider Globecomm Systems.

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Skype

Top deals of the day - bids, mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported on Wednesday, including Fortum, National Vision, Saipem, CTT, MTS, Southern Pacific, Warrnambool, Verbund, Bakkafrost, Popular and Marathon Oil.

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