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Merck Prices EUR 1.0 Billion Debt Offering
2016-10-26 19:31:00| Merck.com - Corporate News
Dateline City: KENILWORTH, N.J. KENILWORTH, N.J.--(BUSINESS WIRE)--Merck & Co., Inc., (NYSE:MRK), known as MSD outside the United States and Canada, priced today a EUR 1.0 billion public offering of two series of Euro-denominated senior unsecured notes (collectively, the New Notes). Based on Oct. 21, 2016, closing exchange rates the EUR 1.0 billion equates to approximately $1.087 billion. The notes include: EUR 500 million of 0.500% notes due Nov. 2024EUR 500 million of 1.375% notes due Nov. 2036 Language: English Contact: Merck & Co., Inc.Media:Lainie Keller, 908-236-5036Tracy Ogden, 267-305-2301orInvestors:Teri Loxam, 908-740-1986Amy Klug, 908-740-1898 Ticker Slug: Ticker: MRK Exchange: NYSE read more
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NLEx enters Dutch market with all-in-one for EUR 29.95/mth
2016-10-17 18:07:00| Telecompaper Headlines
(Telecompaper) The Dutch Energy Company (NLE) officially launched telecom services on 17 October under the NLEx name. NLEx will provide all-in-one services over DSL for EUR 29.95 per month. The monthly price will apply to all three versions, namely 20/2, 50/5 and 100/10 Mbps, and will be valid for the first year. NLEX uses KPN's copper and fibre network. The fibre deal with 50/50 Mbps will cost EUR 43.50 per month, with the 100/100 Mbps deal costing EUR 51.00 and the 500/500 Mbps deal priced at EUR 67.50. NLE provides interactive TV from KPN. The TV packages will expand to include Ziggo Total Sports, HBO and Fox Sports. Fox Sports Eredivisie will cost EUR 7.50 per month.
Samsung warns for EUR 2.4 bln revenue drop in Q4, Q1
2016-10-14 09:51:00| Telecompaper Headlines
(Telecompaper) After lowering its guidance for the third quarter on the back of its Galaxy Note 7 woes, Samsung said it expects a drop in revenue to continue affecting revenues the following two quarters. The company said the move will have a negative impact of mid KRW 3 trillion (EUR 2.4 billion) on its operating profit from the fourth quarter of this year through the first quarter of next year. The impact is expected to be in the mid KRW 2 trillion range for Q4 2016 and RWN 1 trillion for Q1 2017.
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Telefonica abandons EUR 1.5 bln Telxius IPO on weak demand
2016-09-30 08:25:00| Telecompaper Headlines
(Telecompaper) Telefonica has cancelled its planned initial public offering of infrastructure unit Telxius, citing inadequate investor demand. The company "has decided to abandon the offering because it regards the valuation of Telxius implicit in the purchase orders as inadequate," said Telefonica in a statement submitted to stock market regulator CNMV, adding that it would "continue analysing strategic alternatives in connection with the asset." A source close to the operator cited by the Financial Times said the valuation process had been affected by the "market situation" as well as by "lesser knowledge" among investors of Telxius's underwater cable businesses, adding that the company had decided not to sell assets "at a loss" because it had "sufficient options to keep its investment grade rating." Bloomberg added that investors had balked at paying the asking price of EUR 12 to EUR 15 a share, according to unnamed sources.
5G to bring annual EUR 113 bln benefit to EU economy - study
2016-09-29 12:01:00| Telecompaper Headlines
(Telecompaper) The deployment of 5G technology is set to create over two million jobs and generate EUR 113.1 billion a year of benefits for the European economy by 2025, according to a European Commission supported study. Although the total cost of deploying 5G across all EU member states could reach some EUR 56 billion in 2020, the return on that investment could result in trickle-down benefits totalling as much as EUR 141.8 billion a year, according to the year-long study prepared for the EC by InterDigital Europe, Real Wireless, Tech4i2 and Trinity College Dublin's Connect programme.
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