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Shaw's profit climbs on price hikes, asset sale; TV subscribers exit
2015-10-22 17:32:42| Telecom - Topix.net
Shaw Communications Inc. reported a sharp jump in fourth-quarter profit on Thursday, helped by the sale of wireless airwaves and price increases, but shed large numbers of retail television customers and barely added consumer Internet subscribers. The Calgary-based cable company said net income rose to $276-million, or 57 cents per share, from $192-million, or 40 cents per share, a year earlier.
Deutsche Telekom puts T-Mobile NL up for sale - report
2015-10-21 08:16:00| Telecompaper Headlines
(Telecompaper) Deutsche Telekom is considering the sale of its Dutch mobile operator, people familiar with the matter told Bloomberg. The proceeds could help the German operator pay off debt and fund spectrum acquisitions in other countries. T-Mobile Netherlands may fetch 7-8 times the Dutch company's annual EBITDA, the report said, equal to as much as EUR 5 billion based on 2014 numbers. The company could attract interest from companies including Liberty Global, owner of the Netherlands' largest cable company, as well as private-equity firms, according to Bloomberg's sources. T-Mobile has exited the consumer fixed market in the Netherlands and focuses on mobile services only. Deutsche Telekom is working with Credit Suisse on the process, which is at a preliminary stage. No final decision has been made and Deutsche Telekom could still decide against a sale, the sources said. Deutsche Telekom declined to comment.
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Windstream's Data Center Sale Aids In Deleveraging
2015-10-21 07:19:25| Grocery - Topix.net
Today, Windstream announced a definitive agreement to sell its data center business to TierPoint for $575M in cash. Rumors began circulating in August of a possible sale, with initial expectations that the business would fetch between $400 and $500M.
Ferrari for sale: Legendary brand races toward share listing
2015-10-21 06:18:44| Automakers - Topix.net
This undated photo provided by RM Sotheby's in New York shows a 1956 Ferrari 290 MM by Scaglietti, built for Formula One legend Juan Manuel Fangio, that is going on the auction block in New York City where it could sell for more than $28 million.
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Gains for New York, and a Real Estate Behemoth, in the Stuyvesant Town Sale
2015-10-21 03:03:00| National Real Estate Investor
CHARLES V. BAGLI The Blackstone Group has committed that rents for 5,000 apartments would remain affordable to middle-class families, but the deal is beneficial to the company as well. read more
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