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C&W sells Monaco Telecom for EUR 322 million
2014-04-25 11:56:00| Telecompaper Headlines
(Telecompaper) Cable & Wireless Communications has agreed the sale of Compagnie Monégasque de Communication, the holding company for its 55 percent stake in Monaco Telecom, to a private investment vehicle controlled by Xavier Niel, the French entrepreneur controlling Iliad, for EUR 321.79 million. Monaco Telecom is the incumbent operator in Monaco where it is the market leader and only full service telecommunications provider. It also owns 36.75 percent of Afghan mobile operator Roshan, supplies international carrier and country code services to Kosovo, and works with OnAir for onboard telephony. CMC had USD 74 million of EBITDA on a USD 218 million revenue in the year to March 2013, when it had USD 537 million of gross assets and some 35,000 mobile customers, 34,000 fixed line and 17,000 broadband users. The parties have regulatory approval and only await a C&W shareholder vote to complete the deal. The disposal puts C&W in a strong position to pursue growth opportunities, both organic and inorganic, in the targeted Caribbean and Latin America region, the operator said.
Tags: eur
million
telecom
monaco
ABC Group sells U.S. subsidiary to Chinese holding company
2014-04-23 19:31:00| Canadian Plastics Headlines
Toronto-based global automotive parts maker ABC Group Inc. has sold its ABC Group Fuel Systems Inc. subsidiary to Chinas state-owned firm Rongshi International Holding Company Ltd.
Tags: group
company
chinese
holding
Magnum Hunter Sells Canadian Holdings
2014-04-23 19:02:00| OGI
The company also appears on track to sell its Appalachian Basin assets within the next month, an analyst said.
Tags: canadian
hunter
holdings
sells
Toyota Sells 2.58 Million Vehicles, Outselling GM
2014-04-23 07:51:52| Automakers - Topix.net
Toyota kept its position at the top in global vehicle sales for the first quarter of this year, outpacing rivals General Motors and Volkswagen.
Tags: million
vehicles
toyota
sells
FedEx CEO Frederick W. Smith Sells 236,900 Shares
2014-04-23 05:02:27| Air Courier - Topix.net
FedEx CEO Frederick W. Smith sold 236,900 shares of FedEx stock on the open market in a transaction dated Monday, April 21st.
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