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Tag: mln
Liberty Latin America acquires Telefonica's Costa Rica unit for EUR 425 mln
2020-07-30 10:17:00| Telecompaper Headlines
(Telecompaper) Telefonica has announced an agreement to sell its mobile telecommunications assets in Costa Rica to Liberty Latin America for a total of USD 500 million (EUR 425 million), a multiple of around 7.4 times the unit's 2019 OIBDA. The transaction comes just 3 months after Millicom pulled out of a deal to acquire the unit for USD 570 million, paving the way for legal action from the Spanish operator. Last November Telefonica announced the "operational spin-off" of its remaining Latin American units as part of a restructuring plan to modulate its exposure to the region and focus on its core markets of Spain, the UK, Germany and Brazil.
Deutsche Telekom reaches 40 mln people with 5G coverage
2020-07-27 15:55:00| Telecompaper Headlines
(Telecompaper) Deutsche Telekom announced that its 5G network has reached 40 million people in Germany. This means that half of the population can surf with the new mobile technology. Over 3,000 towns and municipalities received 5G after the company upgraded a further 18,000 antennas in recent weeks. In the coming weeks, Bremen and Dortmund, among other places, will receive high-speed 5G.
Tags: people
coverage
deutsche
reaches
Rackspace kicks off IPO, to raise up to USD 925 mln
2020-07-27 15:08:00| Telecompaper Headlines
(Telecompaper) Rackspace Technology has kicked off its initial public offering on the Nasdaq market, with plans to raise up to USD 925 million. The initial offering of 33.5 million shares will be sold at a price of USD 21-24 per share, and the underwriters have an option to buy another 5.025 million shares within 30 days at the same price.
China passes 100 mln 5G subscribers milestone in June
2020-07-21 11:34:00| Telecompaper Headlines
(Telecompaper) China Mobile remains by far the largest operator, with 946.7 million customers, of which 759.7 million are 4G users and 70.1 million are 5G package customers. China Telecom ranks second on the local market with 343.4 million mobile customers, compared to 309.5 million at Unicom. China Telecom ended June with more than 33.23 million 5G package subscribers, after adding 7.8 million in the month. China Unicom did not disclose 5G subscriber figures.
Tags: june
china
subscribers
passes
TelOne seeks investors for USD 300 mln capitalisation
2020-07-21 09:34:00| Telecompaper Headlines
(Telecompaper) Zimbabwean operator TelOne says it is looking for investors to inject around USD 300 million into the recapitalisation of the business, The Herald reported. It has just concluded a network enhancement called the National Broadband Project, which was funded by a USD 98 million China Exim Bank loan facility. MD Chipo Mtasa said the projected recapitalisation would further capacitate TelOne's operations and service offerings.
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