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Prosus shares jump 30 percent in Amsterdam listing

2019-09-11 10:32:00| Telecompaper Headlines

(Telecompaper) Naspers has listed its internet holding company Prosus on the Amsterdam stock market, and the shares rose an initial 30 percent from the reference price. The shares in the new company were spun off to existing Naspers shareholders and received an initial reference price of EUR 58.70. They opened on 11 September at EUR 76 and finished the first day of trading at EUR 74.19. This gives the company a market capitalisation of over EUR 120 billion. 

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Category:Telecommunications

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Telefonica to monetise mobile towers portfolio 'within a year'

2019-09-11 09:30:00| Telecompaper Headlines

(Telecompaper) Telefonica has announced that it intends to accelerate a plan to monetise its extensive tower portfolio as part of a strategy aimed at maximising shareholder value. The decision was taken after the company brought forward a board meeting by more than two weeks to discuss plans to continue reducing its debt pile, boost its share price and cut its workforce. 

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Category: Telecommunications

 

 

Free's TV customers regain access to Altice free-to-air channels

2019-09-11 09:22:00| Telecompaper Headlines

(Telecompaper) Altice France announced that it has reached an agreement with rival Free over the linear distribution of the three free-to-air TV channels that were dropped from Free's IPTV platform on 27 August. BFMTV, RMC Decouverte and RMC Story have now been restored alongside two other local channels (BFM Paris and BFM Lyon Metropole), said the company. The news follows a similar deal agreed by Altice and Orange on 09 September for the same channels.

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Category: Telecommunications

 

 

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