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US education and media company Graham Holdings has completed the spin-off of its Cable One unit.
The transaction saw one share of Cable One common stock distributed for every Class A or B common stock of Graham Holdings outstanding on 15 June.
Shares in Basque cable operator Euskaltel rose more than 10% on the first day of trading to €10.50 per share from an allocated price of €9.50.
The company raised nearly €764m from the offering, which would increase to €840m should a 10% greenshoe option be fully exercised.
Mexican regulator the IFT has requested that America Movil (AMX)-owned fixed-line incumbent Telmex gives rivals access to the last mile of its phone network.
In a statement, the telecoms watchdog said that the dominant player has 60 days to submit its proposed service offering, adding that the resolution is aimed at removing barriers to competition and supporting new market entrants.
Brazilian regional operator Algar Telecom has agreed to a ten-year sale and leaseback of 125 towers to Highline do Brasil Infraestrutura de Telecomunicacoes in a deal worth R$64m.
Proceeds from the deal, which is subject to regulatory and customary approvals, will be used to implement its long-term investment plan.
Telenor (OSE:TEL) and TeliaSonera (OMX:TLSN) have named Hilde Tonne as CEO and Dennis Kilian as CFO of their proposed mobile joint venture in Denmark.
The merger of the operators’ Danish operations is currently the subject of an in-depth European Commission investigation overseen by competition commissioner Margrethe Vestager. The companies hope to gain clearance by the end of the year.
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