je.st
news
Tag: agrees
BT agrees 12.5bn deal to buy EE
2015-02-05 09:32:22| Telecom - Topix.net
BT has agreed to buy Britain's largest mobile operator EE in a cash and shares deal worth A 12.5 billion. The deal, which BT said would create the UK's leading communications provider, will be partly financed by a A 1 billion share issue.
BT agrees to buy EE for GBP 12.5 billion
2015-02-05 08:52:00| Telecompaper Headlines
(Telecompaper) Deutsche Telekom and Orange have reached an agreement to sell their UK joint venture EE to BT for GBP 12.5 billion. BT expects annual cost and capex synergies of GBP 360 mllion within four years of closing the takeover, as the two operators combine their sales, marketing and administration and networs. As it takes advantage of cross- and up-selling opportunities, the revenue synergies are expected to reach a total GBP 1.6 billion. Adjusted for the value of the synergies, the takeover price values EE at 6.0 times its EBITDA in 2014. Deutsche Telekom will become the largest shareholder in BT with a 12 percent stake and may also receive a cash payment, depending on BT's share price at closing of the deal. Orange will receive a 4 percent stake in BT. The shares in BT will be subject to an 18-month lock-up period. In addition, the German operator will hold a seat on BT's board. The transaction requires approval of BT's shareholders and regulatory authorities. Closing is expected before the end of March 2016.
BT agrees to buy EE for 12.5bn
2015-02-05 01:00:00| Total Telecom industry news
Orange and Deutsche Telekom reach agreement to sell their UK mobile unit.
Tags: for
buy
agrees
agrees buy
FMC Corp. agrees to sell unit to Connecticut firm for $1.64B
2015-02-04 17:17:12| Chemicals - Topix.net
Philadelphia-based chemical company FMC Corp has agreed to sell a unit for $1.64B to make room for a $1.8B acquisition of another company. Philadelphia-based chemical company FMC Corp. said Tuesday that it has agreed to sell its Alkali Chemicals business to Tronox Ltd. for $1.64 billion.
Macquarie Infrastructure agrees to buy Bayonne Energy Center in US
2015-02-04 01:00:00| Power Technology
Macquarie Infrastructure (MIC) has signed an agreement with an affiliate of ArcLight Capital Partners for the $720m acquisition of the 512MW Bayonne Energy Center (BEC) in New Jersey, US.
Sites : [109] [110] [111] [112] [113] [114] [115] [116] [117] [118] [119] [120] [121] [122] [123] [124] [125] [126] [127] [128] next »