AT&T is interested in buying Spain's Telefónica, according to reports Monday. The Financial Times' Lex column believes Telefónica's heavy debts of 70bn dollars net could make a deal easier as more than half of Telefónica's value is in its debt. "So AT&T could pay a 40% premium for Telefónica's shares and, because the debt's value is fixed, pay a total premium of just 20%, or about $155bn," the column said. AT&T would need to raise a mere $43bn in new debt and would be left wi [Yesterday 06:38]
Markets are expected to open slightly lower on Tuesday morning, extending losses made the day before, as traders await a courtroom battle where the European Central Bank (ECB) is expected to defend its bond-buying programme. [11 Jun '13]
AIM-listed North Sea oil and gas exploration, development and production company Ithaca Energy has reported that the Storbarden exploration well on PL 506S in Norway has not encountered hydrocarbons and the well is to be plugged and abandoned. [29 Apr '13]
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