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John Malone’s Europe-focused cable giant Liberty Global and US media and entertainment company Discovery Communications have completed their joint acquisition of UK-based TV production and distribution house All3Media.
Liberty and Discovery agreed in May to create a 50:50 joint venture to buy All3Media from its founders and the Permira funds. The deal, which has obtained regulatory clearance, values All3Media at about £550m (US$930m).
Brazil’s smallest incumbent operator Oi has said it will sit out the country’s 700 MHz spectrum auction, which is set to begin on 30 September.
Oi’s rivals indicated they would participate in the tender months ago but Oi stayed silent, fuelling speculation that the telco would not be able to muster the funds to acquire frequencies.
Road shows for the planned IPO of Brazilian towerco T4U will reportedly start at the end of the month while pricing is expected on 16 October, despite concern over the outcome of next month’s president election in the country.
T4U, which is owned by Israeli holding company Fishman Group, and its shareholder D Dots Investments are looking to raise about R$500m (US$208.7m) from the public offering, according to a Reuters report citing sources with direct knowledge of the situation.
The Austrian arm of German food retail giant Aldi Sud is reported to be in talks with T-Mobile Austria about launching an MVNO on its network, as it looks to become a beneficiary of Hutchison Whampoa’s takeover of Orange Austria.
Supermarket chain Hofer is aiming to launch at the beginning of next year, according to a report in Austrian newspaper der Standard which cited a company insider.
US telco CenturyLink is looking to sell US$500m of 6.875% notes due 2054, via its wholly-owned subsidiary Qwest Corporation, to repay some existing debt.
The underwriters of the offering have the option to acquire up to an extra US$75m of notes to cover any over-allotments.
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