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America Movil contacts AT&T, Softbank on bids for assets : Bloomberg

2014-09-15 22:20:50| Telecom - Topix.net

Carlos Slim's America Movil has contacted AT&T Inc and SoftBank Corp as the telecommunications company tries to sell a chunk of assets that could be worth up to $17.5 billion, Bloomberg reported on Monday, citing people with knowledge of the matter. The sale would include America Movil infrastructure in a strip of states from north to south along Mexico's eastern coast, two sources told the U.S. news agency.

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Insider Buys And Sells: American Assets Trust, Michael Kors

2014-09-14 21:54:36| Apparel - Topix.net

Welcome to edition 221 of Insider Weekends. Insider buying increased last week with insiders buying $35.47 million of stock compared to $22.81 million in the week prior.

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ABB Ltd (ADR) (ABB) Buying Back $4 Billion in Shares Following Pruning of Assets

2014-09-09 22:00:41| Railroads - Topix.net

ABB Ltd has announced it will buy back $4 billion of its shares in a sign of confidence in its operations and as a reward to shareholders. New ABB Ltd. Chief Executive Officer Ulrich Spiesshofer spoke with Bloomberg this morning about the buyback and the direction of the Swiss engineering company.

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Celadon Acquires Furniture Row Express Assets

2014-09-08 16:33:49| Trucking - Topix.net

Celadon Group's trucking unit has acquired approximately 100 tractors and 200 refrigerated trailers from Furniture Row Express to further expand the buyer's temperature-controlled freight business, a company official said. Celadon spokesman Joe Weigel confirmed to Transport Topics that the buyer also hopes to add drivers from the Denver-area based carrier.

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Airtel divests African tower assets to Eaton Towers

2014-09-08 09:18:00| Telecompaper Headlines

(Telecompaper) Bharti Airtel announced an agreement for the divestment of telecoms towers in Africa to Eaton Towers. Under the deal, Airtel will sell and lease back over 3,500 towers to Eaton in six countries across its African operations under a 10-year contract. The agreement will allow Airtel to focus on its core business and customers, enable it to deleverage through debt reduction, and will significantly reduce its on-going capital expenditure on passive infrastructure. Eaton Towers already operates in seven countries in Africa with over 5,000 towers under management.  The agreement is subject to statutory and regulatory approvals in the respective countries. 

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