France Telecom May Bid for Spanish Firm
France Telecom said it is considering bidding for Amena, one of Spain's largest mobile-phone operators. Amena is part of Spanish telecommunications and cable operator Grupo Auna, which has been for sale for months. The mobile business is valued at about $12 billion, including a portion of the group's debt that any acquirer would have to assume.
France Telecom, the world's fifth-largest telecommunications operator in terms of revenue, said it started examining the potential for an acquisition over the weekend but it hasn't decided whether it will bid.
Second Service Increases Debt Rating
The Dominican Republic's foreign currency debt rating was raised after the country reopened its debt exchange and persuaded more investors to accept the new terms.
Fitch Ratings boosted the country's rating to "B-" from "default." Standard and Poor's last month raised the Dominican Republic's rating to "B," five levels below investment grade, from selective default. It was the first increase in the country's credit rating after six cuts since 2003.
Danone Stock Rises on Takeover Rumor
The stock price of Groupe Danone rose on the rumor of a possible bid by U.S.-based PepsiCo. Shares in Danone, the maker of Dannon yogurt and Evian mineral water, rose 10.2 percent, making it the day's biggest gainer in Paris.
Both companies declined to comment, while French leaders expressed concern about the possibility of a foreign takeover of Danone.
Compiled from news service reports.