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Tag: mln
UPDATE 1-Creditors of Energy Future sue for $725 mln
2013-03-21 08:09:06| Energy - Topix.net
Energy Future Holdings Corp, the power company that went private in a record $45 billion buyout but last month said it could go bankrupt, is facing a new headache as a unit's creditors have filed a $725 million lawsuit to recover unpaid interest.
Tags: future
update
energy
sue
Ziggo gets new EUR 800 mln facility, wants more
2013-03-18 09:26:00| Telecompaper Headlines
(Telecompaper) Ziggo has received commitments for a new EUR 800 million senior secured credit facility and that it has mandated Goldman Sachs and JP Morgan to set up a series of investor meetings in view of a potential additional refinancing, which may include a capital markets transaction. The new facility will consist of a EUR 400 million revolving credit facility and a EUR 400 million loan. Both will have a five-year maturity. Ziggo will use proceeds to partially refinance its existing senior secured credit facility. The cable provider said that there has been no material change in its trading or financial position since end December. Trends for RGUs are currently in line with RGU trends during Q4 2012, when it experienced increased churn as a result of a market developing towards triple-play, as well as increased competition from other operators. Ziggo plans to launch some new campaigns in Q2, focusing on customer loyalty and churn reduction. It reiterated its guidance for 2013, with EBITDA expected to rise 2.5-3.5 percent and revenue a bit more, and anticipates an increase in revenue momentum over the course of 2013 as marketing initiatives take effect. Capex for 2013 is expected at EUR 320-330 million.
Dutch digital TV connections lift 1.8% to 6.37 mln in Q4
2013-03-14 11:11:00| Telecompaper Headlines
(Telecompaper) The number of digital TV connections in the Netherlands rose 1.8 percent in the fourth quarter to 6.375 million, according to Telecompaper's quarterly Dutch Television Subscribers report. The total includes 3.65 million cable TV subscribers who also have an analogue TV connection. Digital TV is now used by slightly more than 82 percent of TV subscribers in the Netherlands. Telecompaper included retail revenues for the consumer TV market for the first time; these amounted to EUR 372 million in Q4. Ziggo was the largest TV operator at the end of 2012, both in the total TV market and the digital TV market, followed by KPN, UPC and CanalDigitaal. Most consumers receive digital TV via cable networks. Cable accounted for 57.3 percent of digital TV subscribers in Q4, despite losing market share due to the growing adoption of IPTV over DSL and FTTH services. DSL became the second-largest technology on both the total and digital TV markets, passing terrestrial and satellite. Satellite was the third-largest technology on both markets, passing terrestrial, and fibre ranked fifth on both markets. For 2013, Telecompaper lowered its digital TV growth outlook to 7.5 percent. The total TV market is expected to grow slightly less than 1 percent over the same period.
Tags: digital
connections
dutch
lift
Telecom Italia raises EUR 750 mln with hybrid bond
2013-03-14 09:11:00| Telecompaper Headlines
(Telecompaper) Telecom Italia has raised EUR 750 million in the issue of a subordinated bond, as part of its EUR 3 billion hybrid bond programme announced in February. Telecom Italia said strong demand for the 60-year bond allowed it to price the issue at a lower yield than the initial guidance. The fixed annual rate was set at 7.75 percent until the first call date in 2018. Additional coupon step-ups are planned, of 25 bps in 2023 and 75bps in 2038. Telecom Italia expects the rating agencies to classify the hybrid issue as half equity.
IDC increases 2013 tablet market forecast to 190.9 mln units
2013-03-12 14:54:00| Telecompaper Headlines
(Telecompaper) A predicted surge of smaller, lower-priced devices in the tablet market has led International Data Corporation (IDC) to increase its 2013 forecast for the worldwide tablet market to 190.9 million, up from its previous forecast of 172.4 million units. Increases in tablet shipments have been made throughout the forecast period with an average increase of 11 percent between 2013 and 2016. The latest forecast update of the Worldwide Quarterly Tablet Tracker estimates tablet shipments to be upwards of 350 million by the end of 2017.
Tags: market
units
increases
forecast
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