Vivendi to buy outstanding shares of GVT (Brazil)

On 03.29.10, In Mobile, By Editor

www.WirelessFederation.com/news: Remaining 15 percent of Brazilian broadband operator GVT will be acquired by French telecommunications and entertainment group Vivendi for BRL 56 per share. Securities commission CVM has given authorization to GVT to tender 17.79 million shares.

This will result from the transfer of control of the company to French telecommunications and entertainment group Vivendi, announced last November, and the increase in Vivendi’s voting stake in the company.

Delisting of GVT at a price of BRL 56 per share has also been approved by the CVM and the amount has to be paid in cash before the settlement of the tender offer on April 30. An auction will be carried out for the tender in the electronic trading system of BM&Fblovespa to be held on April 27.

Until January, Vivendi held 85.7 percent of GVT.

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Iusacell SA to delist from stock market (Mexico)

On 12.15.09, In Mobile, By Editor

www.WirelessFederation.com/news: Cost cutting has become a regular lingo of the industries nowadays with Grupo Iusacell SA, a Mexican mobile phone company been the latest to sing the tune. The company announced that the company is planning to delist its shares from the Mexican stock market to cut costs.

Iusacell is Mexico’s third-largest mobile operator with 3.6 million subscribers at the end of the third quarter, for a market share by subscribers of 4.4%.

A meeting of the shareholders has been called on December 30 to vote for the proposal. The company also said that 95% of its shareholders have already expressed their intention of supporting the decision. After the approval of the delisting the company plans to carry out an offer to purchase outstanding shares.

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Singapore-listed TAC says no Thai listing this year

On 11.20.06, In Mobile, By Editor

Total Access Communication PLC , Thailand’s second-largest mobile operator, said on Friday its planned listing on the Thai bourse would not take place this year as certain conditions had not been met.
TAC, a 43 percent-owned unit of Thai telecom firm United Communication Industry Public Co. Ltd. , said its listing on the Stock Exchange of Thailand (SET) was conditional upon UCOM’s delisting.

But as UCOM was unable to come up with a satisfactory delisting plan within the 2006 deadline, the board of directors would put the issue to a shareholder vote in the first half of 2007, TAC said in a statement to the Singapore Exchange.

“The company still intends to do an IPO and the process will continue, although the listing will not happen within 2006,” it added.

TAC, controlled by Norway’s Telenor has said it plans to float up to 25 percent of its shares in a dual listing in Bangkok and Singapore in an initial public offer.

Source-  asia.news  Wireless 

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