Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTDE.L Regulatory News (TDE)

  • There is currently no data for TDE

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Agreement VIVO-Telpart

3 Aug 2007 08:21

Telefonica SA03 August 2007 TELEFONICA, S.A., as provided in article 82 of the Spanish Stock Market Act(Ley del Mercado de Valores), hereby reports the following SIGNIFICANT EVENT Yesterday, August 2nd, 2007 Vivo Participacoes, S.A. ("VIVO"), a Braziliancompany controlled by Brasilcel NV jointly controlled by Telefonica, S.A. andPortugal Telecom SGPS, signed an agreement with Telpart Participacoes S.A. ("Telpart") for the acquisition of: (i) 53.90% of the voting stock and 4.27% of the preferred stock (whichrepresents 22.72% of the total capital) of Telemig Celular Participacoes S.A.,the controlling shareholder of Telemig Celular S.A., a mobile telephony operatorin the State of Minas Gerais; and (ii) 51.86% of the voting stock and 0.09% of the preferred stock (whichrepresents 19.34% of the total capital) of Tele Norte Celular ParticipacoesS.A., the controlling shareholder of Amazonia Celular S.A., a mobile telephonyoperator in the States of Amazonas, Roraima, Amapa, Para and Maranhao. In accordance with the provisions of the stock purchase agreement executedbetween VIVO and Telpart, the approximate total purchase price of the aforesaidshares has been fixed at 1,213 million Reais (approximately 469 million euros(1)), which may be altered at the time of execution on the basis of certainadjustments set out in the sale and purchase agreement. In addition VIVO will acquire from Telpart the right to subscribe paid-up stockto be issued by Telemig Celular Participacoes S.A. and Tele Norte CelularParticipacoes S.A., for approximately 87 million reales (33.6 million euros). In accordance with Brazilian law, the acquisition of the shares will besubmitted to the approval of the respective general shareholders' meetings ofVIVO and Telpart. Both transactions are conditional, amongst other things, on the authorisationsbeing obtained from the Brazilian regulatory authorities. Furthermore, and inaccordance with the provisions of the Brazilian stock market legislation, VIVOwill make the appropriate mandatory tender offers over all the voting stock inthese companies and their subsidiaries, Telemig Celular S.A. and AmazoniaCelular S.A., at a price per share equal to 80% of the purchase price paid toTelpart for the voting stock owned by it. In addition, VIVO has expressed itsintention to launch voluntary tender offers for the acquisition of up to onethird of the free float of the preferred shares of Telemig Celular ParticipacoesS.A., Telemig Celular S.A., Tele Norte Celular Participacoes S.A. and TeleAmazonia Celular S.A. Both the purchase of the stock acquired from Telpart and the aforementionedtender offers will be financed with VIVO debt. Madrid, August 3rd, 2007. (1) Considering a R$/• Exchange ratio of 2.586 -------------------------- This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
10th May 20198:54 amRNSPresentation on quarterly results Jan-March19
10th May 20198:28 amRNS2019 First quarter financial results
10th May 20198:23 amRNSFinancial Highlights January-March 2019
8th May 20197:09 amRNSSale of Data Centers
25th Apr 20197:00 amRNSInformation on potential sale of Data Centres
24th Apr 20195:10 pmRNSAGM Official Calling and Proposals
12th Apr 20197:00 amRNSTEF-Notice intended cancellation of listing shares
15th Mar 201911:41 amRNSTEF - Execution Notice of Tax Resolution
14th Mar 20195:06 pmRNSTEF - Closing of Hybrid Securities
13th Mar 20199:17 amRNSResult of the Tender Offer for Notes
6th Mar 20197:00 amRNSPrincing of Hybrid Securities
6th Mar 20197:00 amRNSIssue of Notes
5th Mar 20199:10 amRNSTender Offer for Notes
27th Feb 20197:00 amRNSIssue of Notes
22nd Feb 20197:00 amRNSTEF - Filing of Form 20F 2018
21st Feb 20192:02 pmRNSAnnual Report on the Remuneration Directors 2018
21st Feb 20198:49 amRNSPresentation on Quarterly Results
21st Feb 20198:43 amRNSPublication of the Annual Report 2018
21st Feb 20198:14 amRNSAnnual Financial Report 2018
21st Feb 20197:56 amRNSQuarterly results January December 2018
21st Feb 20197:00 amRNSTEF-Sale of T.Costa Rica, T.Panama and T.Nicaragua
8th Feb 201911:33 amRNSTEF - Potencial sale of Data Centres
29th Jan 20197:00 amRNSTEF - Issue of EMTN Notes
25th Jan 20197:00 amRNSSale of TelefónicaGuatemala and TelefónicaSalvador
23rd Jan 20198:07 amRNSTax Resolution
23rd Jan 20198:05 amRNSTelefonica and Vodafone network partnership
22nd Jan 20195:15 pmRNSNegotiating the sale of assets in Central America
21st Jan 20195:05 pmRNSNotice of Results
8th Nov 20185:02 pmRNSTEF-Agreement for the sale of Antares
31st Oct 201810:23 amRNSDoc re. Presentation on Quarterly Results
31st Oct 20189:45 amRNS2018 Third quarter financial results
31st Oct 20189:26 amRNSFinancial Highlights January-September 2018
1st Oct 20185:35 pmRNSTEF- Date of publication Jan-Sept 2018 Results
27th Sep 20189:32 amRNSTEF-Presentation about the Video Strategy session
6th Sep 201810:21 amRNSStabilisation Notice - TELEFONICA
4th Sep 20185:00 pmRNSTEF - Issue of EMTN Notes
27th Jul 201812:47 pmRNSTEF- Sale of a stake of Telxius Telecom
26th Jul 20188:48 amRNSDoc re. Presentation Quarterly results Jan-June18
26th Jul 20188:24 amRNSQuarterly results January-June 2018
26th Jul 20187:00 amRNSFirst Half-Yearly Financial Report 2018
28th Jun 20185:40 pmRNSTEF-Rights for Champions and UEFA
26th Jun 20187:37 amRNSTEF wins rights for LaLiga Football League
25th Jun 20184:57 pmRNSTEF- Date of publication January-June 2018 Results
19th Jun 20189:59 amRNSTEF - Presentation Network and Systems Evolution
8th Jun 20185:00 pmRNSReplacement TEF- Dividend distribution during 2018
8th Jun 20184:08 pmRNSTEF - Dividend distribution during 2018
8th Jun 20183:57 pmRNSResult of AGM 2018
30th May 20184:58 pmRNSTEF - Committees composition
26th Apr 20189:26 amRNSDoc re. Presentation on quarterly results
26th Apr 20189:05 amRNS2018 First quarter financial results

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.