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NTT DoCoMo to buy strategic stake in Tata Teleservices

Bloomberg reports that NTT DoCoMo, Japan's biggest mobile network operator by subscribers, plans to buy a stake in Indian mobile and wireline operator Tata Teleservices, quoting a DoCoMo representative. According to the unnamed official, the Japanese firm’s board has approved the investment, which the Nikkei Net Interactive web site reported at JPY260 billion (USD2.7 billion) for a 26% stake. In another unsourced report, the Japanese Sankei newspaper said that DoCoMo planned to spend around USD1.5 billion to buy a 25% stake. According to Reuters, all will be revealed today, when the Japanese cellco and Tata Teleservices will give a joint briefing on their partnership plans.

Vodafone agrees increase in Vodacom stake

Vodafone has succeeded in its bid to take control of South Africa's biggest mobile phone operator, Vodacom. Vodafone has finalised an agreement to buy a further 15 percent stake in Vodacom for ZAR 22.5 billion from South African fixed-line operator Telkom. The deal takes Vodafone's stake in Vodacom to 65 percent. Vodafone and Telkom have been in talks since June on the deal, which was dependent on Telkom spinning off its remaining 35 percent in Vodacom to shareholders. They have now agreed that Vodacom will be listed on the Johannesburg stock exchange in the first half of 2009. The South African government, Telkom's biggest shareholder, has agreed to support the deal, and will maintain a 10 percent stake in Vodacom for at least 12 months after the listing.

Reuters Summit-UPDATE 2-TD Bank to boost stake in Ameritrade

By Jonathan Spicer NEW YORK, Nov 12 (Reuters) - Toronto-Dominion Bank will increase its stake in online broker TD Ameritrade Holding Corp to 45 percent from 40 percent, the chief executive of the Canadian bank said on Wednesday. 'We will go to 45 percent,' Ed Clark, speaking at the Reuters Global Finance Summit, said of TD Bank's option to boost its stake by January. When asked if TD Bank would eventually take full control of the discount brokerage, Clark said it is unlikely that Joseph Ricketts, the founder of Ameritrade who with his family owns about 22 percent, would sell. '(Ricketts) likes his stake in the company, and I don't think he's given us any indication that he would want to sell,' Clark said. Both Clark and Ricketts sit on TD Ameritrade's board.

Vodafone Adds Stake in Polkomtel

LONDON -- Vodafone announces today that it has agreed to acquire an additional 4.8% stake in Polkomtel S.A. (“Polkomtel”), a leading telecommunications operator in Poland, from TDC A/S (“TDC”) for a total cash consideration of €176 million plus accrued interest at closing. The acquisition will increase Vodafone’s stake in Polkomtel from 19.6% to 24.4%, enhancing its exposure to the attractive Polish market.

P&G acquires Ocado stake

Procter and Gamble has taken a 1% stake in online grocery retailer Ocado, according to reports. As part of an £18m round of fundraising at the internet retailer, P&G has paid £5m for the stake. Reports suggest that the remaining £13m has been invested by the Apple Trust, of which Tetra Pak billionaire Jon Rausing is the main beneficiary. The Apple Trust is now thought to own approximately 12.5% of Ocado.

DoCoMo buys 26% stake in Tata Teleservices for USD2.7 billion

NTT DoCoMo, Japan's largest mobile operator by users, yesterday agreed to pay USD2.7 billion for a 26% stake in Indian mobile and wireline operator Tata Teleservices (TTSL). TTSL is currently owned by India’s Tata Group (90.1%) and state-owned Singaporean investment company Temasek Holdings (9.9%). Bloomberg reports that DoCoMo also expects to make an open offer to acquire up to 20% of Tata Teleservices Maharashtra (TTML), through a joint offer with Tata Sons. Tata Group currently owns a 70.83% stake in TTML, with the remainder owned by private investors. TTSL currently operates in 19 Indian telecoms circles whilst TTML has a presence in two circles, Maharashtra (including Goa) and Mumbai. Both companies offer mobile and fixed-wireless services under the Tata Indicom banner, with 29.

Sumner Redstone sells controlling stake in Midway Games, reports WSJ - Update

(RTTNews) - Media mogul Sumner Redstone sold his controlling stake in videogame company Midway Games Inc. (MWY: News ) to a private investor, the Wall Street Journal reported Monday. According to the report, Redstone's holding company National Amusements Inc. is expected to announce later in the day that its 87% stake in Midway was sold to investor Mark Thomas, who has agreed to pay about $100,000 or $0.0012 per share, in addition to assumption of $70 million of senior secured and unsecured debt.

Telkom accepts Vodafone offer for Vodacom stake

Vodafone Group has announced that its ZAR25 billion (USD2.5 billion) offer to acquire another 15% stake in South African cellular operator Vodacom from Telkom South Africa has been accepted. The deal will raise Vodafone’s stake in Vodacom from 50% to 65%. Telkom is looking to offload its remaining 35% interest in Vodacom to Telkom shareholders. Vodacom has wireless operations in South Africa, the Democratic Republic of Congo, Lesotho, Mozambique and Tanzania.

Russia's Alfa Bank says buys stake in smaller rival

MOSCOW, Nov 30 (Reuters) - Russia's Alfa Bank has bought a controlling stake in a distressed regional rival, it said in a statement on Sunday, further evidence that a global squeeze on credit is troubling Russia's sprawling banking sector. Alfa Bank, the country's biggest private bank, had been looking for takeover targets among Russia's 1,000 banks during the global economic downturn which has hit the Russian banking sector hard and forced it to consolidate. 'Today, Alfa Bank, has announced the acquisition of a controlling stake in leading bank Severnaya Kazna,' Alfa Bank said in a statement. 'In conjunction with the Central Bank of Russia and the Deposit Insurance Agency, Alfa Bank will make efforts to stabilise and strengthen the position of Severnaya Kazna in the Urals' banking sector.

DoCoMo Said to Be Planning Acquisition of Tata Teleservices Stake

Japan-based mobile phone operator NTT DoCoMo plans to acquire a 26% stake in India-based Tata Teleservices for JPY 260bn ($2.7bn), according to a report in Japanese business daily Nikkei, which said DoCoMo will acquire a 20% stake through new shares and buy the other 6% from existing shareholders. Skip related content

Vodafone to buy additional 4.8% in Polkomtel for EUR 176 mln

Vodafone has agreed to buy an additional 4.8 percent stake in Polish mobile operator Polkomtel for EUR 176 million from Danish operator TDC. The acquisition will increase Vodafone's stake in Polkomtel from 19.6 percent to 24.4 percent. Vodafone has, along with the other shareholders in Polkomtel, elected to exercise its pre-emptive rights, pro rata to its existing shareholding of 19.6 percent, over TDC's shareholding in Polkomtel, which arose following the change of control of TDC in February 2006. TDC agreed in 2006 to sell the rest of its stake in Polkomtel to the Polish shareholders, KGHM Polska Miedz, PKN Orlen, Polskie Sieci Elektroenergetyczne and Weglokoks. However Vodafone disputed the sale process and the acquisition by the Polish shareholders was suspended by a court injunction.

Government stake in RBS

Taxpayers will take a 57.9% stake in Royal Bank of Scotland after shareholders snubbed its £15bn share offer, the bank has said.

Vodafone increases stake in Polish Polkomtel

Vodafone will purchase a 4.8 percent stake of Poland's second largest mobile operator Polkomtel from shareholder Danish TDC for €176 (z³.631) million.

Zain Increases Stake in Iraqi Network

Kuw­ait based, Zain Group has increased its ownership stake in Zain Iraq from 30% to 62% through exercising a pre-agreed call option between Zain and the owners of Athir National (Bahrain), which is one of the 3 founders of Atheer Telecom Iraq (Zain Iraq) for a total consideration of US$34.5 million.

Vodafone Increases Stake in Polish Network

Vodafone has agreed to acquire an additional 4.8% stake in Poland based operator, Polkomtel from TDC for a total cash consideration of €176 million (US$212 million) plus accrued interest at closing.

UK takes 58% RBS stake as investors shun deal

Britain bought a 58% stake in Royal Bank of Scotland (RBS) on Friday as the state picked up 15 billion pounds ($23 billion) of shares in the lender after investors shunned a rescue plan. It marks the latest attempt by European countries and the US to shore up ailing banks to halt the fallout from a global credit crisis , and adds to the UK taxpayers' exposure to the sector after the nationalisation of two smaller lenders earlier in the year.

RBS eyes stake sale to government

ROYAL Bank of Scotland Group Plc will sell the government almost 20 billion pounds (US$31 billion) of stock and a majority stake after investors bought just 0.2 percent of shares offered in the United Kingdom's biggest bailout, the bank said yesterday.

Britain acquires 58pc stake in new RBS rescue

LONDON: Britain bought a 58 per cent stake in Royal Bank of Scotland yesterday as the state picked up £15 billion ($23bn) of shares in the lender after investors shunned a rescue plan. It marks the latest attempt by European countries and the US to shore up ailing banks to halt the fallout from a global credit crisis, and adds to UK taxpayers' exposure to the sector after the nationalisation of two smaller lenders earlier in the year.

Government takes 58 percent stake in RBS

The government bought a majority stake in one of the country's biggest banks and Germany's Commerzbank accelerated its takeover of a rival as the shake-up of European banks gathered pace with help from taxpayers and shareholders. Skip related content

Redstone sells stake in Midway Games: filing

NEW YORK (Reuters) - Sumner Redstone has sold his stake in video game company Midway Games Inc (MWY.N: Quote, Profile, Research, Stock Buzz), according to a filing on Monday, as the media mogul tries to bolster the finances of his theater chain company, National Amusements Inc.

UPDATE 2-Vodafone increases stake in Polish operator

Vodafone acquires extra 4.8 pct stake in Polkomtel * To pay 176 million euros * Expects deal to close in Q4

P&G buys stake in online retailer

Cincinnati-based consumer goods giant Procter & Gamble has taken a stake in online grocer Ocado. The deal, which saw P&G purchase 1% of the company for a £5m sum, marks the first time that the Oil of Olay manufacturer has invested in a retail business.

Credit Suisse raises stake in Saudi unit

ZURICH: Credit Suisse said yesterday it had taken a majority stake in its joint venture Saudi Swiss Securities, to be renamed Credit Suisse Saudi Arabia, and will offer a full range of services to Saudi clients.

Redstone sells stake in Midway Games

NEW YORK (AP) — Media mogul Sumner Redstone sold his majority stake in video game publisher Midway Games Inc. on Monday as his family's holding company looks to get out from under a $1.6 billion debt.

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