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(Bloomberg) Saudi Telecom Co. and French telecom billionaire Xavier Niel’s Iliad SA are among suitors that have progressed in the bidding for Altice’s Portuguese assets, according to people with knowledge of the matter. Most Read from BloombergBiden’s Attempt to Address Memory Issue Backfires With New GaffeChina’s Property Crisis Is Starting to Ripple Across the WorldA 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on China‘Big Round Number’ for S&P 500 Fuels More Gains: Markets WrapNew Yo ....
British telecommunications giant Vodafone Group Plc turned down a revised merger proposal from French telecommunications company Iliad for the Italian subsidiaries Iliad Italia and Vodafone Italia, Iliad SA announced on Wednesday. Iliad SA had made a merger proposal to Vodafone on December 18. The terms of the revised merger proposal included a 50/50 merger through the creation of NewCo, and Vodafone to get cash proceeds of €6.6 billion ($7.14 billion) and €2 billion in a shareholder loan. Illia ....