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Tag: investment
CWC plans USD 250 mln extra investment to boost growth
2014-05-21 16:33:00| Telecompaper Headlines
(Telecompaper) Cable & Wireless Communications announced plans to invest an additional USD 250 million in the next three years to boost growth and improve the quality of its services. This will result in total capital expenditure for the period to March 2017 of USD 1.05 billion, after spending USD 306 million last year. The Project Marlin investments follow the disposal of its activities outside Latin America, a sharp reduction in debt with the proceeds and a strategic review of its remaining assets. The investment will go to developing mobile leadership in its markets, fixed-mobile convergence, a stronger TV offering and more business services. It should result in a reversal of the historic decline in revenues and "modest" top-line growth, as well as a mid to high single-digit CAGR in EBITDA in the period to March 2017, supported by optimisation of back office processes. In addition, CWC targets an improved Net Promoter Score and an incremental return on invested capital. The plans were unveiled with its annual results for the year to March 2014, showing revenues from continuing operations down 4 percent to USD 1.873 billion. EBITDA was up 5 percent to USD 608 million, and net profit, excluding one-time items, increased 45 percent to USD 148 million.
Tags: extra
plans
growth
investment
CHINA: Wal-Mart to enhance operations through store investment
2014-05-20 14:40:16| Daily apparel & textile news and comment - from just-style.com
Retail behemoth Wal-Mart is to invest CNY580m (US$93m) remodeling its existing chain in the country, in addition to opening new stores, in a bid to enhance its operations.
Tags: store
china
operations
investment
Transatlantic Trade and Investment Partnership Representatives Meet for Fifth Round of Negotiations
2014-05-20 10:00:00| Expeditors Newsflash - Americas Edition
Expeditors Newsflash - Americas Edition
Chile seeks investment in wind, solar energy
2014-05-20 09:59:00| Climate Ark Climate Change & Global Warming Newsfeed
Christian Science Monitor: Chile has been warning of a looming energy crisis for the past decade. Now the government appears to actually be doing something about it, says our correspondent in Santiago. President Michelle Bachelet announced Thursday her 2014-18 energy program, pledging to expand a liquefied natural gas port and support renewable energy sources. During the televised address, she warned that Chilean electricity prices, which are already the highest in Latin America, would rise another 34 percent over the next...
Tags: energy
investment
wind
chile
EDF Renewable Energy Announces Investment From TIAA-CREF
2014-05-20 07:48:22| pollutiononline Home Page
EDF Renewable Energy recently announced that TIAA-CREF, a leading financial services provider, will acquire 50 percent of EDF Renewable Energy’s equity interest in the 143 megawatt (MW) peak (110 MWac) Catalina Solar project, subject to customary closing conditions
Tags: energy
investment
announces
renewable
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