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Carphone agrees to sell Virgin Mobile France for EUR 325 mln
2014-06-30 09:10:00| Telecompaper Headlines
(Telecompaper) Carphone Warehouse and the other shareholders of French mobile group Omer Telecom have agreed to sell Omer Telecom to French cable operator Numericable for an enterprise value of EUR 325 million. Omer Telecom comprises MVNOs Virgin Mobile France, Breizh Mobile, Tele2 Mobile and Casino Mobile. It is 46 percent owned by Carphone Warehouse and 46 percent owned by Virgin, with the remainder held by management. The parties announced they had entered exclusive talks in the middle of May. The sale is conditional on the approval of the French Competition Authority.
Altice raises EUR 911 mln in share issue
2014-06-24 09:43:00| Telecompaper Headlines
(Telecompaper) Altice has raised EUR 911 million in a share issue to help finance takeovers. The company sold 17.9 million new shares in a secondary offering to institutional investors, via an accelerated book-build. The shares were sold at an average EUR 50.90 each, compared to a closing share price of EUR 53 for Altice the day before the offering. The proceeds will go to the EUR 529 million owed Carlyle and Cinven for their 14 percent stake in Numericable, which Altice said it would acquire in April. In addition, Altice will pay off debt incurred for buying a 2.6 percent stake in Numericable for EUR 122 million earlier this month from Pechel and Five Arrows.
KPN fined EUR 900,000 for govt tender violations
2014-06-22 16:56:00| Telecompaper Headlines
(Telecompaper) Dutch regulator ACM has confirmed a fine of EUR 900,000 against KPN for pricing violations in a government tender. The fine was first announced in 2011, for the tender in 2006, but the amount was never disclosed as KPN appealed the regulatory decision. The ACM has now announced the result of the appeal, and the court in Rotterdam confirmed the offence, but lowered the fine to EUR 900,000.
Tags: eur
tender
violations
govt
Telefonica offers Mediaset EUR 295 mln for Digital+ stake
2014-06-18 10:09:00| Telecompaper Headlines
(Telecompaper) Telefonica has offered EUR 295 million to Italian broadcaster Mediaset for its 22 percent stake in Spanish pay-TV platform Digital+. In a statement to Spain's market regulator CNMV, Telefonica said the binding offer may increase by a further EUR 10 million if it completes the purchase of 56 percent of Digital+ from Prisa, and by as much as EUR 20 million more depending on gains in pay-TV customers over the next 4 years. If Mediaset accepts Telefonica's offer, it will also waive a preferential right to acquire Prisa's stake in Digital+, for which Telefonica will pay Mediaset an additional EUR 30 million. Earlier this month Telefonica said it had closed the purchase of the 56 percent stake in Digital+ owned by Prisa for EUR 750 million to raise its stake in the broadcaster to 78 percent, a deal which is still subject to regulatory approval. Buying Mediaset's stake would give it full control of Digital + and greater flexibility in integrating TV content into its Movistar Fusion convergent packages. The acquisition of Digital+ brings with it a large customer base in the form of the 1.6 million subscribers to pay-TV channel Canal+ and gives Telefonica access to Prisa's TV catalogue, including its rights to live Spanish football games.
Tags: digital
offers
eur
stake
Romania : European Investment Bank approved Eur 50m to Unicredit Leasing for SMEs
2014-06-15 00:03:18| Agriculture - Topix.net
The EIB has also disclosed that it has allocated at least 70% of the funds to back projects promoted by the SMEs, whilst the rest will go for supporting ventures undertaken by midcap firms and public sector entities.
Tags: eur
bank
approved
investment
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