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...Apollo bought $2bn of AT&T preferred stock in a deal that allowed the wireless carrier to partially repay some of its outstanding preferred equity....
...He also predicted that a tie-up could lead to higher prices for customers across the big wireless carriers....
...Meanwhile, US buyout house Hellman & Friedman is preparing a £2bn takeover bid for Auto Trader, the UK’s largest marketplace for used cars, in a deal that would derail what is expected to be one of this...
...Visa was down 1.5 per cent to $72.22 and MasterCard, due to report earnings tomorrow, lost 3.6 per cent to $203.95 after speculation that US mobile carriers AT&T and Verizon Wireless could be planning to...
...Problems facing Indian domestic carriers were “due to two factors: the price of oil and too many low-cost carriers,” he said. “Given the problems, there will be consolidation.”...
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