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Intelsat buys Gogo commercial aviation ops for USD 400 mln in cash

2020-09-01 09:02:00| Telecompaper Headlines

(Telecompaper) Satellite operator Intelsat has signed a definitive agreement to buy the commercial aviation business of Gogo for USD 400 million in cash, subject to the usual adjustments. Gogo said it started looking for buyers earlier this month, after reporting a 55 percent drop in revenues for the second quarter.

Tags: commercial cash usd aviation

Child Trust Funds: Teenagers get first chance to access cash

2020-09-01 01:40:29| BBC News | Business | UK Edition

Savings pots could now be worth more than 1,000 but many teenagers are unaware they exist.

Tags: access chance child cash

Softbank Group to raise cash by selling shares in mobile unit, bringing stake down to 40%

2020-08-28 17:06:00| Telecompaper Headlines

(Telecompaper) As of 3 August, Softbank Group said it has sold or monetised JPY 4.3 trillion (almost USD 41 billion) worth of assets, as part of a programme announced in March to buy back shares and reduce debt for a total of JPY 4.5 trillion (almost USD 43 billion). Softbank Group said it will offer part of its holding in Softbank (mobile), for a total of 927.5 million shares. There will also be a greenshoe of 100.5 million more shares. The offer price will be determined on the pricing day.

Tags: to group mobile unit

Cash Crunch Could Stymie Municipalities' Switch to EVs

2020-08-28 13:00:00| TechNewsWorld

Municipalities throughout the United States have been switching from diesel- and natural gas-powered vehicles to electric vehicles, to cut costs and reduce damage to the environment. However, funds are drying up as governments grapple with falling income due to lower taxes and business activity, along with increased costs to deal with the pandemic.

Tags: cash switch municipalities crunch