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Tag: mln
UPDATE 1-Oil States sells tubular services business for $600 mln
2013-09-07 13:42:59| Chemicals - Topix.net
Oilfield services provider Oil States International Inc said it sold its casing and tubing business to a private company for $600 million, a day after activist investor Jana Partners LLC disclosed a higher stake in the company.
Tags: services
business
states
update
Claro slapped with record USD 45 mln fine in Colombia
2013-09-06 08:53:00| Telecompaper Headlines
(Telecompaper) Colombian antitrust agency the Superintendency of Industry and Commerce (SIC) has fined America Movil's local unit Claro COP 87.8 billion (approximately USD 45.2 million) for abusing its dominant position on the mobile market and practices that affected free competition.
Tags: record
fine
usd
colombia
Phones 4U sells insurance business for USD 160 mln
2013-09-05 16:28:00| Telecompaper Headlines
(Telecompaper) UK retailer Phones 4U has agreed to sell its device insurance business for USD 160 million to Assurant. The activities, known as the Lifestyle Services Group, generate around GBP 125 million in annual revenue, providing insurance to over 8 million customers through operators and banks. Assurant is already active in the mobile insurance sector and sees good growth opportunities in Europe. The transaction is subject to regulatory approval and expected to close in the fourth quarter.
Tags: business
insurance
phones
usd
HTC sells Saffron Digital to Cinram for USD 47 mln
2013-09-05 10:15:00| Telecompaper Headlines
(Telecompaper) HTC has agreed to sell Saffron Digital, a specialist in multi-screen video delivery, to Cinram for USD 47 million. HTC will retain a perpetual royalty-free licence to continue supporting digital media services on its devices, including the upcoming HTC Watch, on a worldwide basis. Cinram will pay an initial USD 7.5 million cash and the remainder in a five-year note of USD 39.5 million, bearing interest at 6 percent per year. HTC acquired UK-based Saffron in 2011 for GBP 30 million, as part of efforts to boost content services on its mobile devices. Based in Canada, Cinram provides manufacturing and logistics for CDs, DVDs and other digital media products.
News Corp sells Dow Jones community papers in $87 mln deal
2013-09-04 22:24:38| Real Estate - Topix.net
Newcastle Investment Corp bought a group of News Corp newspapers, formerly known as the Ottaway chain, for $87 million including $33 million of debt, the company said on Wednesday.
Tags: news
community
deal
jones
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