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Tag: billion
Telus to invest CAD 1 billion in Vancouver fibre network
2015-10-05 09:57:00| Telecompaper Headlines
(Telecompaper) Telus has announced that it will invest CAD 1 billion over the next five years to connect most of the city's homes and businesses directly to its fibre optic network. Once complete, Telus's fibre build will add more than 400,000 homes, businesses, hospitals, community centres and municipal offices. When the first Vancouver neighbourhoods are fully connected early next year local residents and businesses will be able to take advantage of home internet speeds of up to 150 Mbps. Telus plans to offer families and businesses in Vancouver increasingly higher speeds over this gigabit-enabled network in the coming years, as demand continues to increase. This new fibre optic infrastructure will also be the backbone of the operator's wireless network, enabling more wireless capacity and speed.
Tags: network
billion
cad
invest
Telenor to Sell $2.4 Billion Stake in Carrier VimpelCom
2015-10-05 09:08:01| Telecom - Topix.net
VimpelCom Ltd., exiting the third-biggest Russian wireless carrier after 16 years to focus on markets such as the Nordic region. said Monday it will explore all options for the 33 percent stake in the mobile-phone company co-owned by Russian billionaire Mikhail Fridman.
Tags: sell
carrier
billion
stake
ONGC seeks commercial help from government for $6 billion KG basin project
2015-10-05 08:03:03| Oil & Gas - Topix.net
The oil major company is planning to appeal commercial support from government for its $6 billion deep water project at the current oil prices, which have more than halved in a year to about $45 a barrel. The state run Oil and Natural Gas Corporation Ltd may seek government support for its KG basin water project due to fluctuating oil prices, according to an ET report.
Tags: project
government
commercial
kg
Albertsons plans to raise $1.5 billion in grocery chain's IPO
2015-10-02 17:31:30| Grocery - Topix.net
Cerberus acquired grocer Safeway Inc. and merged it with Albertsons. Now it will offer an IPO for the grocery chain.
Tags: plans
grocery
raise
billion
Sprint plans up to cut up to USD 2.5 billion of costs
2015-10-02 09:36:00| Telecompaper Headlines
(Telecompaper) Sprint plans to cut USD 2 billion to USD 2.5 billion in costs in the next six months and will freeze external hiring, CFO Tarek Robbiati wrote in a staff memo seen by the Wall Street Journal. All expenditures must now be reviewed and approved by the finance department. In the memo, the CFO writes, "The main thing to consider when requesting to spend money is take an owner's mindset by treating every dollar as if it were your own." The statement comes days after the operator said it would not take part in the 600 MHz Incentive Auction next March. The company has said previously that it cut USD 1.5 billion in costs in the last 12 months. The company had USD 7.5 billion of operating expenses in the quarter to 30 June.
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