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Tag: mln
UK to buy 50 mln stg of UN carbon credits to help poor countries
2013-11-25 09:17:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: The British government said it would buy 50 million pounds ($80.7 million) of U.N. carbon credits and cancel them as a way to help fund development and curb greenhouse gas emissions in poor countries. The government's Carbon Market Finance initiative will buy and cancel Certified Emission Reductions (CERs), which are issued to projects in emerging markets that generate energy from biogas, solar panels and small hydropower units. The projects would be registered under the U.N.'s Clean Development...
Spotify raises USD 250 mln for expansion - report
2013-11-22 09:05:00| Telecompaper Headlines
(Telecompaper) Spotify has secured about USD 250 million in new financing that values the music-streaming company at over USD 4 billion, multiple people familiar with the deal told the Wall Street Journal. The round of funding, led by Silicon Valley firm Technology Crossover Ventures, will help fuel Spotify's expansion to new markets such as Japan. Spotify makes most of its revenue from premium subscriptions; more than 6 million pay up to USD 10 a month. It also has more than 24 million active free users. With Technology Crossover Ventures, Spotify has added an investor familiar with the content licensing business. The investment firm purchased USD 200 million in convertible bonds from Netflix about two years ago. TCV has in the past also invested in real estate website Zillow, Facebook and internet domain registrar GoDaddy. Both Spotify and TCV declined to comment. Spotify last year raised more than USD 100 million from multiple investors at a valuation of slightly more than USD 3 billion. Its backers include Kleiner Perkins Caufield & Byers and Russian investment firm DST Global.
Tags: report
usd
expansion
raises
KPN fined almost EUR 1 mln over wholesale obligations
2013-11-20 09:51:00| Telecompaper Headlines
(Telecompaper) Dutch regulator ACM has fined KPN almost EUR 1 million for failure to notify rivals on time of the introduction of new wholesale services on its fixed network. The ACM issued fines in four cases in 2010-11 where KPN did not meets its transparency and non-discrimination obligations. The regulator said the company must notify rivals at least two months before launching a new service. KPN has contested the time period and said it will file an appeal against the sanctions. The fines include EUR 20,604 for the late notification of wholesale MDF service for VDSL, EUR 222,685 for a temporary promotion of the wholesale FTTC service, EUR 292,300 and 365,375 at the introduction of the wholesale VDSL-CO DLM service and EUR 40,007 and EUR 32,005 from the introduction of the VDSL-Buitenring wholesale access services. In all the cases the fines were increased as they were considered repeat offenses.
Tags: eur
wholesale
obligations
mln
Lilly to pump in $700 mln to boost insulin making capacity
2013-11-14 17:49:51| Biotech - Topix.net
Eli Lilly and Co said it will invest more than $700 million to boost its insulin manufacturing capacity in Puerto Rico, France, China and the United States.
Tags: making
capacity
pump
boost
Telecom Italia sells Telecom Argentina stake for USD 960 mln
2013-11-14 09:49:00| Telecompaper Headlines
(Telecompaper) Telecom Italia has agreed to sell its entire stake in Telecom Argentina to Fintech Group for USD 960 million. The operator confirmed in a statement that Fintech would buy the Telecom Argentina shares held by its units Telecom Italia International, Sofora Telecomunicaciones, Nortel Inversora and Tierra Argentea. The company added that USD 100.5 million of the total corresponds to additional agreements related to the transaction, including an agreement to continue providing the Telecom Argentina companies technical support and other services for up to three years.
Tags: italia
argentina
usd
telecom
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