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Play raises EUR 1 billion in IPO

2017-07-14 14:59:00| Telecompaper Headlines

(Telecompaper) Play Communications, the owner of the Polish mobile operator P4, has priced its initial public offering of shares, the largest IPO in the telecommunications sector in Europe since June 2015. The share price was set at PLN 36 (PLN 30.06 for authorised employees), well below the maximum indicated level of PLN 44. This puts the total value of the offering at PLN 4.4 billion (approximately EUR 1.02 billion).

Tags: play eur billion ipo



Seamless names new managers, announces operational review

2017-07-14 13:44:00| Telecompaper Headlines

(Telecompaper) Seamless Distribution has announced a new management team, following the departure of Peter Fredell as CEO earlier this week, as well a review of its operations. After a fall of more than 90 percent in its share value in the past two-and-half years, it has begun measures to improve operational focus, profit and cash flow, it said. The appointment of Tomas Jalling as CEO earlier in the week was a first key step, according to Seamless.

Tags: review names managers operational

Category: Telecommunications



Telia warns of hit to Q2 results on further Ucell writedown

2017-07-14 12:17:00| Telecompaper Headlines

(Telecompaper) Telia Company has warned for a negative impact on second-quarter profits, due mainly to a further writedown on the value of its Uzbekistan subsidiary Ucell, which it has been trying to sell. Cash flow meanwhile will show a positive benefit from a number of divestments in the period.

Tags: results hit warns telia

Category: Telecommunications



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