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Europe Can Save EUR 45 Billion in Its Pursuit of Renewables

2013-05-15 17:15:00| Transmission & Distribution World

Siemens has analyzed the electrical power producing systems across Europe and identified considerable potential for optimization, especially in connection with plans to expand power generation from renewable energy sources.read more

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Intrum Justitia ABa : Eur 350 billion in bad debt written off by European businesses

2013-05-13 17:03:03| Appliances - Topix.net

Intrum Justitia AB Marcusplatsen 1A, Nacka SE-105 24 Stockholm SWEDEN Tel.: +46 8 546 10 200 Fax: +46 8 546 10 211 E-mail: info@intrum.com Highest level of bad debt losses to date and bleak forecast Stockholm, 2013-05-13 09:00 CEST -- -- Well over half of the European surveyed countries show increased payment risks and as much as a third of ... (more)

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Telecom Italia fined EUR 104 million for antitrust violation

2013-05-13 09:18:00| Telecompaper Headlines

(Telecompaper) Italy's Antitrust Authority said it had fined Telecom Italia EUR 103.8 million for abusing its dominant market position in relation to its infrastructure network. The authority said it had identified two separate actions through which Telecom Italia had protected its market share by creating obstacles to competitors' broadband internet and voice offerings to retail clients. The investigation was launched in June 2010.

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Telenor to buy Globul for EUR 717 million

2013-04-29 08:08:00| Telecompaper Headlines

(Telecompaper) Telenor agreed to buy OTE's Bulgarian mobile unit Globul for EUR 717 million, on a cash- and debt-free basis. The transaction is expected to be finalised in Q3, pending regulatory approval. The transaction also includes Germanos Bulgaria, the telecom retailer integrated with Globul. Globul is the second largest mobile operator in Bulgaria with 4.5 million subscribers and a market share of 36 percent. Globul has been present in Bulgaria since 2001. At the end of 2012, the company had a 36 percent subscriber market share. In 2012, Globul and Germanos Bulgaria generated revenues of EUR 378 million and EBITDA of EUR 135 million. OTE said the price is equal to an estimated six times EBITDA this year. The company will use the proceeds from the sale to reduce debt.

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