Japanese telecom gaint Softbank recorded a loss of $350 million for last nine months of 2016 in the fair value of the Company’s investments in India. The loss comes on top of a $555 million writedown on the value of Softbank’s India portfolio in the six-month period ending September 2016. “With reference to the current markdown, portfolio…
Telco giant reportedly planning to get out the chequebook after BT discloses merger talks with O2, EE.
Vodafone is seeking to bulk up its U.K. fixed assets with a bid for either TalkTalk or Liberty Global, as rumours of consolidation between its rivals gather pace.
Sources cited by Reuters late last week claimed Vodafone is particularly interested in Liberty Global, which owns cableco Virgin Media in the U.K., as well as cable networks in another 11 European countries.
Vodafone was linked with a move for Liberty Global in September, but according to Reuters’ sources, the parties had wildly different expectations about the price. Bloomberg data puts Liberty Global’s enterprise value at approximately £44.7 billion including debt. A deal between the two would certainly come to the attention of EU antitrust watchdogs since they already compete directly in Germany and the Netherlands. Original post by Nick Wood at Total Telecom