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Telefonica Colombia confirms EUR 1.8 bln capital hike, pays EUR 472 mln fine

2017-08-30 11:40:00| Telecompaper Headlines

(Telecompaper) Telefonica announced that it has come to an agreement with the Colombian government to increase the capital of its subsidiary Colombia Telecomunicaciones (Coltel) by around EUR 1.37 billion to pay debt owed to asset management fund Parapat. The company said its capital injection into ColTel will amount to around EUR 925 million and will fully settle its obligations with Parapat, the consortium that owns the telecommunications assets and manages the pension funds of the former companies that resulted in Coltel. Telefonica and the Colombian government also announced a further EUR 472 million capital increase in proportion to their respective stakes to comply with a Colombian arbitration fine for breaching a government contract for mobile services.

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Albina Jazz Festival Pays Tribute to Portlands Music History

2017-08-11 18:55:30| PortlandOnline

Christen McCurdy in The Skanner, August 10, 2017

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China Mobile pays dividends as 1H revenue grows 5%

2017-08-10 02:00:00| Total Telecom industry news

China Mobile on Thursday announced it will pay a special dividend as well as an interim dividend as it reported 5% growth in revenue for the first six months of 2017. Shareholders will receive a one-off payout of HK$3.20 (€0.35) per share on top of an interim payout of HK$1…read more on TotalTele.com »

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Omantel pays $846m for 10% of Zain

2017-08-10 02:00:00| Total Telecom industry news

Omantel on Thursday paid $846.1 million (€721.96 million) for a 9.84% stake in Kuwait-based Zain. The Omani incumbent said the transaction, which is subject to regulatory approval, is part of its diversification strategy…read more on TotalTele.com »

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Heres why shade now pays off next spring

2017-06-29 18:11:42| Beef

You may be choosing a calving season based on weather, but breeding-season weather should be another consideration because, after all, favorable calving weather makes no difference to open cows.

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