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Televisa acquires Telecable for MXN 3 billion

2015-01-09 14:13:00| Telecompaper Headlines

(Telecompaper) Mexican broadcast conglomerate Grupo Televisa has acquired telecoms firm Telecable for MXN 3 billion. Televisa also acquired Telecable's debts for MXN 7.2 billion. Telecable offers cable TV, telephony and internet services and has a presence in Jalisco, Aguscalientes, Guanajuato, Queretaro, Tamaulipas and Colima. Telecable has nearly 650,000 revenue generating units (RGUs). The company is expected to generate revenues of MXN 2 billion and EBITDA of MXN 1 billion this year. The acquisition was financed with the proceeds from selling mobile operator Iusacell to AT&T. 

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Driverless-car global market seen reaching $42 billion by 2025

2015-01-09 12:49:13| Auto Dealers - Topix.net

A worker rotates the seats in the self-driving Mercedes-Benz F 015 concept car at the Mercedes-Benz booth at the International CES Tuesday, Jan. 6, 2015, in Las Vegas. Vehicles that drive themselves on the freeway or take over in traffic jams may be on the road in large numbers by 2017 and autonomous cars might create a $42 billion market for the technology by 2025, Boston Consulting Group said.

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Ofgem Confirms Funding for 1 Billion Transmission Subsea Link

2015-01-08 20:55:00| Transmission & Distribution World

Ofgem (Office of Gas and Electricity Markets) has approved 1.1 billion funding for a new subsea link in the north of Scotland. read more

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Hyundai Motor Group plans to invest $73 billion by 2018

2015-01-08 09:47:03| Automakers - Topix.net

Automotive data available for graphing, exporting and viewing static data tables. Must have a data center subscription to access content.

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Big Oil loses $200 billion from oil price crash

2015-01-07 15:34:45| Oil & Gas - Topix.net

ExxonMobil, the largest public energy company in the world, has seen its market cap plunge by more than $50 billion. Energy titans like Chevron and ConocoPhillips have experienced even sharper declines on a percentage basis.

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