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Tag: eur
French hosting company OVH raises EUR 250 million
2016-08-15 12:24:00| Telecompaper Headlines
(Telecompaper) OVH has raised nearly EUR 250 million from US investors KKR & Co and Towerbrook, reports Le Figaro, valuing the business at over EUR 1 billion. OVH's co-founder Octave Klaba said that the two partners will help OVH to pass its target of EUR 1 billion in turnover within four to five years. The company's revenue was in the region of EUR 250 million in 2015. While the details of the investment have not been revealed, OVH has confirmed plans to continue its international expansion, particularly in the US.
Tags: company
eur
million
french
Spain's Cellnex buys 230 towers from Bouyges for EUR 80 mln
2016-07-11 10:52:00| Telecompaper Headlines
(Telecompaper) Spanish infrastructure operator Cellnex Telecom has announced an agreement to acquire 230 mobile telecommunications towers in France from Bouygues Telecom for EUR 80 million. The deal includes a second phase that, if executed, could bring the total number of towers acquired to 500, said Cellnex, adding that it has also signed a 20-year contract to provide services to Bouygues. The Spanish operator said the towers are expected to contribute revenues of around EUR 6.9 million on a full-year basis.
EC to invest EUR 450 mln in new cybersecurity partnership
2016-07-05 08:59:00| Telecompaper Headlines
(Telecompaper) The European Commission has announced the launch of a new public-private partnership on cybersecurity by pledging to invest EUR 450 million under its research and innovation programme Horizon 2020. Private cybersecurity groups, represented by the European Cyber Security Organisation (ECSO), are expected to invest three times more, bringing the total to EUR 1.8 billion by 2020, said the EC in a statement. The partnership will also include members from national, regional and local public administrations, research centres and academia, with the first call for proposals set to be published in early 2017.
Tags: eur
partnership
invest
mln
Deutsche Telekom eyes EUR 4-5 bln from sale of masts -report
2016-07-04 09:47:00| Telecompaper Headlines
(Telecompaper) Deutsche Telekom is looking to sell thousands of German mobile phone masts, Reuters reported, with sources saying the company wants the funds for its European networks. Deutsche Telekom has appointed Goldman Sachs and Morgan Stanley to organize an auction of the German masts, which it plans to launch in the autumn and which it hopes will value the assets at EUR 4-5 billion including debt, the sources said.
Germany boosts broadband funds to EUR 4 billion
2016-07-01 12:01:00| Telecompaper Headlines
(Telecompaper) Germany's Digital Infrastructure Minister Alexander Dobrindt has announced an additional EUR 1.3 billion of funding for the federal broadband programme to boost internet connectivity in areas not served by commercial providers. Combined with the EUR 2.7 billion already provided, this boosts total funding for the project to EUR 4 billion.
Tags: germany
eur
funds
billion
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