Europe’s biggest phone companies have put the brakes on a flurry of asset sales as they brace for the likely entry by AT&T Inc. into the $313 billion market.
Deutsche Telekom AG and Orange SA of France, among those evaluating options, have slowed an effort to sell their 50-50 U.K. wireless venture known as EE, according to people with knowledge of the matter, who asked not to be identified discussing internal deliberations. To the south, Telefonica SA is using a planned exit by its partners in Telecom Italia SpA to seek greater influence in the former monopoly with businesses in Brazil and Argentina, people familiar with the matter said. Read more…
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Read more : European Phone Companies Brace for AT&T
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