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Telefonica raises 687m from China Unicom stake sale

2014-11-10 01:00:00| Total Telecom industry news

Spanish incumbent offloads half of its remaining stake in Chinese operator.

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Mail.ru raises stake in VKontakte to 100%

2014-09-16 15:28:00| Telecompaper Headlines

(Telecompaper) Russian internet company Mail.ru Group announced that it has acquired the remaining 48.01 percent of Russian social network VKontakte, raising its stake to 100 percent. The deal closed on 16 September, for an amount of USD 1.47 billion. The shares were acquired from Blesmir Development Limited and Palagon Limited. Mail.ru funded the deal with its existing cash and a RUB 22.2 billion loan from Gazprombank. In 2013, VKontakte had revenue growth of 14 percent to RUB 3.8 billion, EBITDA up 32 percent to RUB 1 billion and net profit of RUB 53 million.

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Bharti raises 256m from towers stake sale

2014-08-08 02:00:00| Total Telecom industry news

Indian mobile operator sells 4.5% stake in Bharti Infratel to comply with securities regulations.

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Lloyds stake sale raises 4.2bn

2014-03-26 09:19:14| BBC News | Business | UK Edition

The government says it has raised 4.2bn through the sale of a 7.8% stake in Lloyds Banking Group.

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LIC raises stake in Indraprastha Gas to 7.2 pc

2014-02-09 10:54:00| Chemicals - Topix.net

LIC last week acquired 2.95 million equity shares of IGL - the firm that sells CNG in national capital, from the open market to increase its shareholding in the company from 5.097% to 7.204%, according to disclosures made by IGL to the stock exchanges.

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