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Tag: sells
Telecom Italia sells La7 to Cairo for EUR 1 million
2013-03-05 09:01:00| Telecompaper Headlines
(Telecompaper) Telecom Italia Media has agreed to sell Italian national broadcaster La7 to Cairo Communications for EUR 1 million. Before the transfer of the shareholding, La7 will undergo a capital increase that will leave it with a net positive financial position not higher than EUR 88 million. The recapitalisation will also bring the broadcaster's shareholders equity up to the agreed level of EUR 138 million. As part of the deal, Telecom Italia agreed to waive EUR 100 million in loans owed by Telecom Italia Media to the parent company. Telecom Italia Media will continue to own a 51 percent stake in MTV Italia as well as its DTT broadcast operations.
Tags: eur
million
italia
telecom
Telecom Italia Media sells La7 channel for 1 million euros
2013-03-05 05:10:42| Telecom - Topix.net
Telecom Italia Media said on Monday it would pump money into its cash-burning La7 channel before offloading it to media firm Cairo Communication for a token price.
Tags: media
million
italia
channel
BRE Sells Stakes in Six Apartments for $47M
2013-03-04 04:01:00| National Real Estate Investor
The company is exiting the Denver market to concentrate funds on the West Coast.
Tags: apartments
sells
stakes
bre
Telecom Italia sells La7 to Cairo Communication
2013-03-04 01:00:00| Total Telecom industry news
Italian incumbent announces 1 million deal.
Tags: communication
italia
telecom
sells
Terra Sells Additional Montney Assets To Crew
2013-03-01 19:00:00| OGI
Crew elected to exercise its option to purchase additional Montney assets from Terra at an exercise price of C $20 million cash.
Tags: additional
crew
assets
terra
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