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Arqiva abandons plans for GBP 1.5 billion float

2017-11-03 14:04:00| Telecompaper Headlines

(Telecompaper) UK communications infrastructure and media services company Arqiva has abandoned plans to proceed with an IPO, citing market uncertainty. The company announced plans to finally float the business on the London Stock Exchange on 23 October, with directors expressing the hope that the GBP 1.5 billion offer would allow the group to reduce its outstanding debt by GBP 0.6 billion and cut the associated interest costs by around GBP 57 million on a full year basis.

Tags: plans billion gbp float

 

TransCanada abandons Energy East, Eastern Mainline projects

2017-10-05 15:22:29| BBC News | Business | UK Edition

The firm says "changed circumstances" led to the decision to abandon the controversial projects.

Tags: east energy projects eastern

 
 

FCC Limits Broadband Subsidies, Abandons Prison Call Caps

2017-02-08 11:05:12| PC Magazine Cell Phones Product Guide

Low-income customers of nine ISPs won't be able to get reduced-priced broadband service.

Tags: call limits prison caps

 

Pure Gym abandons share sale amid market volatility

2016-10-11 09:08:29| BBC News | Business | UK Edition

The UK's biggest gym operator, Pure Gym, abandons a plan to sell shares on the stock market, blaming "challenging" market conditions.

Tags: share sale market pure

 

Telefonica abandons EUR 1.5 bln Telxius IPO on weak demand

2016-09-30 08:25:00| Telecompaper Headlines

(Telecompaper) Telefonica has cancelled its planned initial public offering of infrastructure unit Telxius, citing inadequate investor demand. The company "has decided to abandon the offering because it regards the valuation of Telxius implicit in the purchase orders as inadequate," said Telefonica in a statement submitted to stock market regulator CNMV, adding that it would "continue analysing strategic alternatives in connection with the asset." A source close to the operator cited by the Financial Times said the valuation process had been affected by the "market situation" as well as by "lesser knowledge" among investors of Telxius's underwater cable businesses, adding that the company had decided not to sell assets "at a loss" because it had "sufficient options to keep its investment grade rating." Bloomberg added that investors had balked at paying the asking price of EUR 12 to EUR 15 a share, according to unnamed sources.

Tags: eur demand weak ipo

 

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