Telefónica, S.A. (CATS:TEF) denied that it was involved in looking at making a joint offer for Tim Brasil Serviços e Participações S.A. Shares in Telecom Italian were lifted on January 3, 2014, by an Italian press report saying Telefonica was looking to set up a vehicle with Brazilian market rivals America Movil and Oi to take over TIM Brasil and break it up. "Telefonica would like to clarify that it is not part of any such vehicle and it has no details of any kind on any such potential transaction to disclose to the public for market evaluation," the Spanish telecoms company said in a statement to Spain's stock market regulator.
Real-time Estimate
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5-day change | 1st Jan Change | ||
4.073 EUR | +1.57% |
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+0.74% | +15.25% |
![Consensus](/images/consensus_flch.gif)
EPS Revisions
1st Jan change | Capi. | |
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+15.25% | 24.38B | |
+17.05% | 211B | |
+11.49% | 177B | |
+11.49% | 130B | |
-6.67% | 85.75B | |
+26.74% | 74.55B | |
+1.52% | 55.5B | |
-4.46% | 51.5B | |
-15.02% | 47.57B | |
-17.01% | 38.31B |
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- Telefonica Denies Readying Joint Bid For TIM Brasil