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Telecom Italia in a bind after losing GVT bid battle

Telecom Italia in a bind after losing GVT bid battle

PARIS/LONDON/MILAN (Reuters) – Telecom Italia has lost a promising path to earnings growth by failing to secure Brazilian broadband business GVT and may now turn from hunter to hunted in a fast-consolidating telecoms industry. Winning the auction for French media company Vivendi’s GVT was vital for both Telecom Italia and its rival, Spain’s Telefonica, as [...]

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Swatch prefers go-it-alone route for smartwatch plans

Swatch prefers go-it-alone route for smartwatch plans

BIEL (Switzerland) (Reuters) – Swatch Group is happy to go it alone with a launch next year of watches with “smart” features to compete with so-called wearable gadgets from the big tech companies, a market potentially worth $93 billion. The world’s biggest watchmaker, which sees the advent of smartwatches as an opportunity rather than a [...]

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Exclusive: Bitcoin promoter to plead guilty to unlicensed money transmission

Exclusive: Bitcoin promoter to plead guilty to unlicensed money transmission

NEW YORK (Reuters) – Bitcoin entrepreneur Charlie Shrem has reached a plea deal to resolve U.S. charges that he engaged in a scheme to sell over $1 million of the digital currency to users of illicit online marketplace Silk Road, his lawyer said Friday. Shrem, the former vice chairman of the Bitcoin Foundation, will plead [...]

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