TDC rejects takeover offer from pension funds, Macquarie

(Telecompaper) Danish operator TDC announced that it’s rejected a takeover proposal from a group made up of pension funds PFA Pension and Forsikringsselskab, PKA and ATP and Macquarie Infrastructure & Real Assets Europe. TDC’s Board of Directors concluded that the offer was “not in the best interest of TDC’s shareholders and stakeholders”, the company said. …read more

read more

AT&T planning IPO of DirecTV LatAm stake

(Telecompaper) AT&T has announced that it’s exploring an initial public offering of a minority stake in satellite television service DirecTV Latin America in the first half of 2018. In a brief statement the company confirmed that it has confidentially filed an IPO registration statement with US regulators but gave no assurance that the transaction will be completed. The filing confirms earlier reports that the company was reviewing its portfolio with a view to reducing its debt, which is set to surge to around USD 180 billion once its USD 85.4 billion acquisition of Time Warner closes. …read more

read more

Swisscom posts stable FY results despite decline in Swiss core business

(Telecompaper) Swisscom’s results for 2017 remained at more or less the same level as in 2016. Net revenues increased slightly (+0.2 percent) to CHF 11.66 billion, however the core business in Switzerland sank by 2.1 percent to CHF 9.06 billion. EBITDA was unchanged at CHF 4.30 billion, and net income fell 2.2 percent to CHF 1.57 billion. Despite the tough competitive conditions in the Swiss market, the group said it recorded market success with TV connections, bundled offerings and business services for corporate customers, as well as at its Italian business Fastweb. …read more

read more