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Payments developer Adyen raises USD 250 mln
2014-12-16 15:59:00| Telecompaper Headlines
(Telecompaper) Payment technology developer Adyen has raised USD 250 million in new funding. The round was led by equity investor General Atlantic, with additional participation from Temasek, Index Ventures and Felicis Ventures. Adyen said it will use the new investment to accelerate growth, continue to expand its strong international presence and fuel global adoption of its platform, with particular emphasis in the North American and Asia Pacific markets. Adyen has designed and built a platform to support payments across any channel - online, mobile and in-store. It counts more than 3,500 customers globally, including four of the five largest US internet companies. These include Facebook, Spotify and Airbnb. The company manages transactions end-to-end through direct connections with all major credit card companies, and accepts more than 250 payment methods.
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Natcom wins Nitel takeover with bid of USD 252 mln
2014-12-04 08:32:00| Telecompaper Headlines
(Telecompaper) The Natcom consortium has won the bidding to acquire Nigerian Telecommunications (Nitel) and its mobile unit Mtel with an offer of USD 252.5 million. The preferred bidder must still get the approval of the National Council on Privatisation (NCP) and be able pay the sum within a specified time to seal the deal, CommunicationsWeek reported. If all the conditions are met, the transaction would mark an end to years of attempts to privatize Nitel. The Nettag consortium, the other group qualified for the bidding, was disqualified for failure to enclose a bid bond stipulated by the Bureau of Public Enterprises. The government had initially rejected a USD 221 million bid from Natcom before the company increased the bid to USD 252 million. Natcom's shareholders include Natspace Telecommunication Investment, PCCW Global and Prime Union Investment. Other members of the consortium are Prime Union Investment, Olutoyl Estate Development & Services, Sahara Energy Resources, Legal Resources Alliance & Co and Ericsson Nigeria.
C.H. Robinson to buy Freightquote.com for $365 mln
2014-12-02 04:16:32| Logistics - Topix.net
Logistics services provider C.H. Robinson Worldwide Inc said it would buy online shipping provider Freightquote.com Inc for $365 million in cash. Freightquote.com is one of the largest internet-based freight brokers in the United States and makes more than 1 million shipments across North America every year.
Bell to acquire Glentel for CAD 594 mln
2014-11-28 16:47:00| Telecompaper Headlines
(Telecompaper) Canadian operator Bell has agreed to buy Glentel, a Canadian distributor of multi-carrier mobile products, for CAD 594 million. Glentel shareholders will receive CAD 26.50 per share in a combination of cash and BCE shares. Including net debt and minority interest of CAD 78 million, the total enterprise value of Glentel is of about USD 670 million. Bell will fund the cash component with available liquidity and issue 5.6 million BCE shares to fund the equity component. Glentel's board of directors have approved the transaction. The Skidmore family, which owns 37 percent of the company, has entered into agreements with Bell supporting the transaction. The deal is expected to close by the end of the first quarter, subject to customary closing conditions, including court, shareholder and competition approvals. Glentel operates 494 retail locations across Canada, with products and services from Bell Mobility, Chatr, Fido, Rogers Wireless, SaskTel and Virgin Mobile. The company will continue to offer products from multiple carriers following the acquisition. Outside Canada, Glentel owns, operates, and franchises 735 retail locations in the US, as well as 147 points of sale in Australia and the Philippines.
S. Korean car market to grow 2 pct to record high 1.65 mln units
2014-11-23 13:23:06| Auto Dealers - Topix.net
South Korea's automobile market will grow 2 percent on-year to record-high sales of 1.65 million units in 2015, a report by the Korea Automotive Research Institute showed Sunday. The research arm of Hyundai Motor Group, the world's fifth-largest automotive conglomerate, said next year's sales will surpass the 1.64 million cars sold in 1996, the boom year for the country's car industry.
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