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Cellnex acquires Hutchison's European tower unit for EUR 10 bln
2020-11-12 13:44:00| Telecompaper Headlines
(Telecompaper) Spanish infrastructure operator Cellnex has agreed to acquire the European tower business of CK Hutchison, parent company of mobile operator 3 Group, for a total consideration of EUR 10 billion, confirming recent reports. The transaction is the largest in the history of Cellnex, boosting its towers footprint by around 40 percent beyond 100,000 sites and allowing it to enter new markets including Austria, Denmark and Sweden while consolidating its foothold in Italy, the UK and Ireland.
Orange acquires majority stake in Telekom Romania's fixed unit
2020-11-09 10:14:00| Telecompaper Headlines
(Telecompaper) Orange Romania said it signed the agreement for the acquisition of a majority stake in Telekom Romania's fixed division from Greece' OTE. The transaction includes the 54 percent stake held by OTE and the subscribers of the fixed-mobile converged services. The remaining 46 percent is held by the Romanian state.
Tags: unit
fixed
orange
majority
Moet Hennessy poaches Mars executive for Champagne unit lead
2020-11-05 15:34:00| Daily beverage news and comment - from just-drinks.com
Moët Hennessy has lined up a change at the head of its Moët & Chandon, Dom Perignon and Mercier Champagne business, with Mars executive Berta de Pablos-Barbier taking over.
Tags: lead
unit
executive
mars
SK Telecom's Q3 profit jumps more than 44% on equity gains from SK Hynix unit
2020-11-05 07:23:00| Telecompaper Headlines
(Telecompaper) South Korean operator SK Telecom posted revenue of KRW 4.73 trillion for the third quarter of 2020, which represents an increase of 3.7 percent year-on-year. Operating income reached KRW 361.5 billion, growing by 19.7 percent in the period. Growth was mainly boosted by improved performance of SK Telecom's mobile communication business and steep growth of its new businesses, the company said. Net income jumped 44.2 percent year-on-year, boosted by increased equity method gains from SK Hynix.
Diamond Green Diesel to more than double renewable fuel capacity using second Honeywell Ecofining unit; 675M barrels renewable diesel per year
2020-11-03 11:55:38| Green Car Congress
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