Webwire: Telefonica considers IPOs; MegaFon stalls public listing
Telefonica is plotting an IPO of its businesses in Germany and Latin America, to stave off the potential effects of a financial crisis in its home market, Spain.
Russian mobile operator MegaFon has reportedly pushed back its planned London IPO – originally scheduled for July – as a result of the Greek debt crisis and its impact on the value of the Euro.
Mexico's America Movil has launched an €8 per share offer to acquire a 27.7% stake in KPN, but the Dutch operator has advised shareholders to reject the offer on the grounds it is too low.
Google chairman Eric Schmidt is slated to appear before the US FTC in the coming weeks, to answer questions in an antitrust probe.
Sky Broadband has become the third major UK ISP to implement a court-ordered block on access to file-sharing site The Pirate Bay. Three more operators are working to implement the block.
Sony has launched two new waterproof smartphones, the low-end Xperia Go and the higher-end Xperia Arco S.