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Numericable looking to raise EUR 652.5 mln from IPO
2013-10-28 11:51:00| Telecompaper Headlines
(Telecompaper) French cable operator and MVNO Numericable is looking to raise around EUR 652.5 million during its upcoming initial public offering, Bloomberg reported. Numericable is offering the shares at EUR 20.30-24.80 per unit. Carlyle Group and Cinven Group are selling stock valued at about EUR 402.2 million, accounting for the majority of shares for sale. Pricing will be decided on 7 November, with trading scheduled to begin the following day in Paris. Private-equity firm Altice will become Numericable's biggest shareholder with a 30 percent stake after the IPO. A greenshoe has also been granted, so that Carlyle and Cinven may increase the Numericable shares they sell by 15 percent. Should those shares be fully subscribed, Carlyle's holding will fall to 24.5 percent, and Cinven's to 15.2 percent. JPMorgan Chase and Deutsche Bank are managing the share sale.
AMC Networks buys Chellomedia for EUR 750 mln
2013-10-28 11:18:00| Telecompaper Headlines
(Telecompaper) AMC Networks has agreed to acquire Liberty Global's broadcasting arm Chellomedia for EUR 750 million. The transaction is expected to close in the first quarter of next year. The acquisition will provide AMC Networks with a broad array of television channels distributed to more than 390 million households in 138 countries. The agreement includes the acquisition of Chellomedia's operating businesses, including Chello Central Europe, Chello Latin America, Chello Multicanal, Chello Zone, the ad sales unit Atmedia and the broadcast solutions unit Chello DMC.
MTN Group subscribers up 1.1% to 203.8 mln in Q3
2013-10-24 10:49:00| Telecompaper Headlines
(Telecompaper) MTN Group said it had 204 million subscribers in 22 countries across Africa and the Middle East 30 September, up 1.1 percent from the second quarter. Group CEO Sifiso Dabengwa said the third quarter subscriber growth was lower than expected because of price competition and subscriber registration requirements across a number of markets. Subscriber growth was mainly hit by disconnections in Nigeria related to registration requirements, slower than expected subscriber growth in South Africa, as well as slower subscriber growth in Iran.
Tags: group
subscribers
q3
mln
Tellabs sold for USD 891 mln to Marlin Equity Partners
2013-10-21 14:53:00| Telecompaper Headlines
(Telecompaper) Marlin Equity Partners has agreed to acquire networking equipment maker Tellabs for USD 891 million. The price of USD 2.45 per share is a 4.3 percent premium on Tellabs' share price on 18 October, the last trading before the announcement. Tellabs' board approved the deal, and Michael J. Birck, Tellabs's co-founder and second-largest stockholder, said he supports the transaction. The takeover is expected to close before the end of the year. The deal follows a strategic review of the loss-making company's options, with more than 30 potential buyers contacted as part of the sale process. Tellabs said the takeover will give it the resources to invest in new technologies.
Tags: partners
sold
usd
equity
Angang, Kobe to build $287 mln automotive steel plant in China
2013-10-17 16:49:41| Steel - Topix.net
Japan's Kobe Steel Ltd is teaming up with a local partner to build a plant in China costing some 1.75 billion yuan , aiming to meet growing demand for automotive sheet steel.
Tags: china
build
automotive
steel
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