Shares of Centurylink Inc (NYSE:CTL) ended Friday session in green amid volatile trading. The shares closed up +0.20 points or 0.72% at $27.94 with 3.05 million shares getting traded. Post opening the session at $27.92, the shares hit an intraday low of $27.77 and an intraday high of $28.10 and the price vacillated in this range throughout the day. The company has a market cap of $15.33 billion and the numbers of outstanding shares have been calculated to be 545.97 million shares.
Centurylink Inc (CTL) announced that it is scheduled to participate in the following analyst conferences:
Bank of America-Merrill Lynch 2016 Thursday
Media, Communications & Entertainment Conference September 15, 2016 at 10:00am CT
Goldman Sachs 25th Annual Wednesday
Communicopia Conference September 21, 2016 at 10:20am CT
These events will be webcast live and will also be available for replay on the Company’s Investor Relations website at ir.centurylink.com for 21 days after each event.
Shares of Vodafone Group Plc (ADR) (NASDAQ:VOD) ended Friday session in green amid volatile trading. The shares closed up +0.71 points or 2.35% at $30.90 with 3.85 million shares getting traded. Post opening the session at $30.68, the shares hit an intraday low of $30.56 and an intraday high of $30.96 and the price vacillated in this range throughout the day. The company has a market cap of $81.35 billion and the numbers of outstanding shares have been calculated to be 26.56 billion shares.
On August 3, 2016 Vodafone Group Plc (ADR) (VOD) and Liberty Global plc (NASDAQ: LBTYA, LBTYB and LBTYK) welcomed the conditional clearance by the European Commission of the two companies’ proposed merger of their operating businesses in the Netherlands to form a 50:50 joint venture.
Following its Phase I investigation, the European Commission concluded that the transaction, as modified by the commitments offered by the parties, does not raise any competition concerns.
The commitments entail a divestment of Vodafone Netherlands’ consumer fixed business, prior to closing of the proposed merger of the two companies’ Dutch operations. This represents a structural remedy offered by the parties to address any concerns regarding the overlap between the fixed telecoms and TV activities of Vodafone and Ziggo in the Netherlands. Having already received a number of expressions of interest, the parties will now proceed with the sale process.
Vodafone Netherlands’ consumer fixed business has a customer base of more than 120,000 with a high triple-play penetration rate. The divestment could potentially also include MVNO access subject to agreement on commercial terms.