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Vodafone Sells China Mobile Stake - Analyst Blog
Wednesday, September 8, 2010 - 10:48am | 535Vodafone Group Plc (VOD), the largest revenue generating international wireless carrier, announced the sale of its entire 3.2% stake in China Mobile (CHL) for £4.3 billion ($6.6 billion). China Mobile is the world’s largest mobile operator by market capitalization and subscribers. The sale is a...
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Next Telecom Big Push from India - Analyst Blog
Wednesday, September 8, 2010 - 10:21am | 893India, the second largest emerging market in the world, is likely to turnout as a “Treasure Island” for the global telecom equipment manufacturing giants. According to recent news in The Economic Times, the first phase of 3G networks deployment in India may provide a business opportunity of...
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American Tower Expanding Globally - Analyst Blog
Wednesday, September 8, 2010 - 10:21am | 524American Tower Corp. (AMT), the largest independent operator of wireless communications towers in the world, is aggressively pursuing its global ambitions. The company recently started operations in Colombia. American Tower has entered into an agreement with Spanish wireless carrier Telefonica S.A...
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AMT Expands Latin American Presence in Colombia
Wednesday, September 8, 2010 - 9:58am | 103American Tower Corporation (NYSE: AMT) announced the launch of operations in Colombia, where it recently entered into an agreement to purchase the exclusive rights for use of 458 wireless communication tower sites from Telefonica S.A.'s Colombian subsidiary, Colombia Telecomunicaciones, Oppenheimer...
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Company News for September 8, 2010 - Corporate Summary
Wednesday, September 8, 2010 - 9:39am | 780• Bristol-Meyers (NYSE: BMY) said it agreed to acquire ZymoGenetics (NASDAQ: ZGEN) for $9.75 per share, in a deal valued at 885 million • A Bloomberg report said Vodafone (NASDAQ: VOD) will sell its stake in China Mobile (NYSE: CHL) for $6.6 billion • Smithfield Foods (NYSE: SFD) posted inline...
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Vodafone to Sell China Mobile Stake
Wednesday, September 8, 2010 - 8:42am | 124LONDON (TheStreet) -- Vodafone (Nasdaq: VOD), the U.K. telecommunications company, said it would sell its entire 3.2% interest in China Mobile (NYSE: CHL) for about 4.3 billion pounds ($6.65 billion). Vodafone, in a statement to the London Stock Exchange Wednesday, said after the sale the companies...
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Research In Motion in Buying Spree - Analyst Blog
Wednesday, September 8, 2010 - 8:39am | 846Research In Motion Ltd. (RIMM) moves ahead with its acquisition spree. Recently, the company has acquired assets of DataViz, the makers of the popular Documents To Go application. The acquisition news came shortly after DataViz’s announcement to cancel the development of Documents To Go solution...
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Evercore Partners Initiates Coverage on the Telecom Towers Sector (AMT, SBAC, CCI)
Tuesday, September 7, 2010 - 6:11pm | 182Evercore Partners is out with some research reports this afternoon, where it initiates coverage on the Telecommunications Tower sector. The Evercore analysts believe that the towers sector has strong secular drivers, a strong free cash flow story, and attractive valuations. While the analysts rate...
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MetroPCS Shareholder Sells 340,340 Shares of PCS
Tuesday, September 7, 2010 - 5:14pm | 60In a Form 4 filed after the bell today, MetroPCS Communications Inc. (NYSE: PCS) Shareholder, TX IX LP, reported that it sold 340,340 shares of PCS on September 2nd to 7th for an average price of $9.40. The transaction totaled $3,197,596. TX IX LP owns 16,780,962 direct shares and 9,255,957...
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Vodafone Sells Stake In China Mobile
Tuesday, September 7, 2010 - 5:00pm | 104Vodafone Group (NYSE: VOD) is looking for buyers for its 3.2% stake in China Mobile (NYSE: CHL), China's largest mobile phone carrier. The Vodafone slice of China Mobile is reportedly worth $6.7 billion. Vodafone bought a stake in China Mobile in 2000 and added to it in 2002. The British company is...
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24/7 Wall St.'s Corporate Power Rankings: Week 34
Tuesday, September 7, 2010 - 3:42pm | 158The 24/7 Wall Street Corporate Power Rankings of the 32 most important companies in America are determined by earnings, analyst rankings, important corporate news, trends in each firm’s industry, product introductions, management strength and change, and credible rumors. It is, in effect, a new...
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BCE Downgraded to Neutral - Analyst Blog
Tuesday, September 7, 2010 - 3:03pm | 560We are downgrading our recommendation for BCE Inc. (BCE), Canada’s incumbent telecom carrier, to Neutral from Outperform on increased concerns about the entrance of additional wireless carriers. Currently, the stock has a Zacks #3 Rank (Hold). BCE Inc. is 100% subsidiary of Bell Canada. The...
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MetroPCS Wireless, Inc. Announces Commencement of a Notes Offering for $500 Million Senior Notes
Tuesday, September 7, 2010 - 8:44am | 72MetroPCS Communications, Inc. (NYSE: PCS) announced today that its indirect wholly owned subsidiary, MetroPCS Wireless, Inc., has commenced an offering, subject to market and other conditions, of $500 million aggregate principal amount of registered Senior Notes due 2018. The 2018 Notes will be...
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Partner Communications Considers Potential Debt Offering (PTNR)
Tuesday, September 7, 2010 - 8:25am | 114Partner Communications Company Ltd. (Nasdaq: PTNR) announced today that it is currently considering the offering of debt securities in Israel in the aggregate principal amount of approximately NIS 500 million pursuant to the shelf prospectus dated September 3, 2009, as amended on May 23, 2010, with...
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China Mobile Shaanxi Selects Juniper Networks for New Data Center Network (JNPR, CHL)
Tuesday, September 7, 2010 - 8:23am | 62Juniper Networks® (NYSE: JNPR) today announced that the Shaanxi provincial arm of China Mobile (NYSE: CHL) has upgraded its Internet data center with Juniper's New Network based on the Junos® operating system to ensure the subscriber experience and improve the economics of the rapidly growing...