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Tag: merger
Wind, 3 Italia agree 50-50 merger
2015-08-06 14:38:00| Telecompaper Headlines
(Telecompaper) Vimpelcom and CK Hutchison have reached an agreement to merge their Italian operators Wind and 3 Italia into a 50-50 joint venture, creating Italy's largest mobile operator. The companies first confirmed the merger talks in May and have now reached an agreement on the structure and management. The deal sees Italy the latest market to go from four to three mobile operators. The merger entity will have just over 31 million mobile customers and 2.8 million fixed customers, with annual revenues of around EUR 6.4 billion. The owners expect to realise savings of at least EUR 5 billion on operating and investment costs thanks to the merger.
Tags: agree
italia
wind
merger
Consolidation in Italy as Wind, 3 ink 21.8bn merger
2015-08-06 02:00:00| Total Telecom industry news
Telcos announce 50:50 joint venture that will be led by current Wind CEO Maximo Ibarra.
Tags: italy
wind
consolidation
ink
Liberty Global growth slows in Q2 after Dutch merger
2015-08-05 08:33:00| Telecompaper Headlines
(Telecompaper) Liberty Global added just 115,000 new revenue-generating units in the second quarter, for a total 52.9 million at the end of June, as its merger in the Netherlands led to a loss of customers there. The 87,000 RGUs lost in the Netherlands were offset by a return to growth of 92,000 in Germany, a small acquisition in Romania and improving performance in the UK. Revenue growth in the UK, Germany and Belgium also helped the cable operator achieve organic revenue growth of 3 percent year-on-year in the quarter and operating cash flow up 4 percent. Total revenues were still down slightly due to the stronger dollar, to USD 4.26 billion from USD 4.30 billion a year ago, while operating cash flow rose 2 percent to USD 2.06 billion. Liberty Global's capital expenditure increased to USD 971 million or 22.8 percent of revenue from USD 895 million or 20.8 percent in Q2 2014, driven mainly by the integration of Ziggo and UPC in the Netherlands. The company said it's taking measures to improve results in the Netherlands and expects to start benefiting from synergies there in H2 as well, leading to stronger customer, revenue and cash flow growth in the rest of the year. In addition, the company said it's finalized the 'Liberty 3.0' programme, which will lead to a new organisational structure and growth plans. Liberty said the plan should "unlock efficiencies", much of will be reinvested to drive faster revenue and operating cash flow growth in the high single digits over the medium term.
Tags: global
growth
dutch
liberty
China Push Is Part Of Merger 'Mania' Reshaping Global Semiconductor Industry
2015-08-02 15:19:16| Semiconductors - Topix.net
I'm a senior editor and the Shanghai bureau chief of Forbes magazine. Now in my 14th year at Forbes, I compile the Forbes China Rich List, Hong Kong Rich List and Taiwan Rich List.
Tags: part
china
global
industry
Coca-Cola Enterprises linked with Germany, Iberia merger
2015-07-31 16:22:10| Daily beverage news and comment - from just-drinks.com
Coca-Cola Enterprises has declined to comment on reports linking it to a merger with the Coca-Cola bottling divisions in Germany and Spain, Portugal and Andorra.
Tags: germany
enterprises
linked
merger
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