The media had reports that “TATACommunications Limited (NYSE:TCL) may sell stake in TATA Comm& TTML to Vodafone”. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Tata Communications Limited (NYSE:TCL)stockopened at $6.62in last session, and closed at $6.77. The stock showed a positive weekly performance of-7.28%.
Telefonica SA (ADR) (NYSE:TEF) German unit is likely to face objections from European Union regulators over its 8.55 billion euro ($11.8 billion) bid for Royal KPN NV’s E-Plus, two people familiar with the matter said. Telefonica S.A. (ADR)(NYSE:TEF)stockopened at $15.45, in last session and closed at $15.42by losing0.58%. The 52 week range of $12.31 – $18.05. Company’s market capitalization is $69.67B.
Orange SA (ADR) (NYSE:ORA) has intensified its search for acquisition targets in Spain to avoid being left out of potential consolidation in the country’s telecommunications market, according to people familiar with the matter. Orange SA (ADR)(NYSE:ORAN)stock increased1.03% and finished the last session at $12.70. The EPS of the stock remained0.06. Company’s market capitalization is $33.37B.
The Government of Rwanda and KT Corporation (ADR) (NYSE:KT)have signed a Closing Memorandum to their second Shareholders Agreement previously executed in September 2013 and have now established their second joint venture company, “Africa Olleh Services Ltd”. This second joint venture company is operationally tasked to accelerate deployment of ICT infrastructure and to develop and operate online services required to support Rwanda’s transition to a knowledge-based economy. KT Corporation (ADR)(NYSE:KT)stock opened the session at $14.09, and closed the session at $14.01.The 52 week range of KT Corporation (ADR)(NYSE:KT)stock remained $13.26 – $18.31and the day range was $14.01 – $14.12.