On Friday Mittal raised its offer for the Minority shares of Arcelor Brasil to BRL 51.27 (a 54% premium to their original offer). This new offer follows months of discussions with the CVM (Brazil’s SEC) which show a different and more investor friendly regulatory body than in previous years.
America Movil’s plan to join with Telmex and AT&T to purchase Olimpia, the holding company that has an 18% ownership in Telecom Italia has sparked speculation in the press about power struggles at TI including some that indicate that by the end of today Olimpia will nominate a list of candidates (including one for a…
On Friday, America Movil closed its acquisition of Telecomunicaciones de Puerto Rico from Verizon. In April of 2006, AMX agreed to acquire VZ’s 52% stake in Telecomunicaciones de Puerto Rico for $939 million plus the assumption of 500 Million in Net debt. It increased its takeout to 80% last July by purchasing a 28% stake…
America Movilis in talks with Pirelli (PC.MI, EUR 0.8270, Not Rated) to acquire ownership in Olimpia, an unlisted holding company which has an 18% stake in Telecom Italia. Its proposed acquisition is in conjunction with Telefonos de Mexico to acquire 33.3% of Olimpia and AT&T which will also acquire 33.3% of Olimpia.If this transaction is…
Earlier today, Sprint announced that it was lowering the price of Over-the-Air (OTA) music downloads to $0.99 in April 2007 (previously $2.50). While consumers are likely to be happy that they no longer have to pay a premium for mobile downloads relative to the Apple iTunes store, we believe the announcement will have little impact…
We continue to believe that VoIP ARP is coming down, with Magicjack potentially accelerating the rate of decline. As shown in the Marketwatch video (in the full post below), Magicjack essentially reduces the size of your typical VoIP adapter (Vonage-like) to a USB thumb drive wtih a typical phone jack on the other end. Users…
Even with the help of digital sales, music industry sales (prior to mobile/subscription are down 8.5% ytd), and even if you include all other forms of revenues industry sales would be down 7%. Not good for an industry with a lot of fixed cost infrastructure. More bad news for WMG. Chart Below within the full-post
It is relieving to see that JD Power’s recent survey was consistent with the results we have seen in our quarterly survey of customer care. JD Power ranked T-Mobile first, which has consistenetly been its ranking in our survey of call response times.It also had Sprint ranked last which is actually lower than Cingular, who…
While there has been a lot of management turmoil at Viacom in recent weeks, we believe the company is slimming down appropriately. The company’s growth prospects are not what they were 5 years ago, and leaner corp ranks is neccessary. We believe there will be even more focus on cutting costs internationally to drive margin…
Adage is reporting that Sprint is tossing in the towel on its ad agency after less than 3 months since announcing its new campaign with Ron Livingston. (click here for story) It’s not clear if this means they are calling it quits on the Power Up! branding strategy. We have never understood what that were…
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