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SK Telecom bids for remaining 49.4% stake in SK Broadband

2015-03-20 11:11:00| Telecompaper Headlines

(Telecompaper) South Korean operator SK Telecom plans to acquire the remaining 49.4 percent stake in internet services provider SK Broadband. SK Telecom launched a share swap offer valued at KRW 706 billion (approximately USD 627.17 million). SK Telecom plans to offer 2.47 million treasury shares in exchange for SK Broadband shares it does not currently own, Reuters reports, citing an SK Telecom regulatory filing. SK Telecom currently holds a 50.6 percent stake in SK Broadband. According to SK Telecom, SK Broadband investors can also sell their shares to SK Telecom for KRW 4,645 per share.

Tags: sk remaining telecom bids

 

Russia's Alfa Telecom bids $2.8 billion to double stake in Turkcell

2015-03-17 11:19:57| Telecom - Topix.net

Russia's Alfa Telecom offered $2.8 billion on Tuesday to buy back a 13.76 percent stake of Turkcell , a deal that would double its holding in Turkey's top mobile operator after a seven-year battle for control of the company. Alfa Telecom said in a statement it had offered $54.9 million per share for 51 of Turkcell's class-B shares, which are being held with Turkey's state-run Ziraat Bank [TCZIR.UL] as collateral for a loan.

Tags: double billion telecom bids

 
 

Trans Adriatic Pipeline seeks bids for offshore pipeline construction

2015-03-04 01:00:00| Offshore Technology

Trans Adriatic Pipeline (TAP) is inviting companies to submit expressions of interest for the construction of the 105km offshore pipeline section under the Adriatic Sea.

Tags: construction trans bids seeks

 

South Africa bids for bottled wine export boost

2015-03-03 14:55:00| Daily beverage news and comment - from just-drinks.com

A new campaign has been launched aimed at bringing more wine bottling back to South Africa in the face of accelerating bulk exports.

Tags: south africa south africa export

 

MTA expansion bids face cut if capital budget trimmed, Prendergast says

2015-03-03 10:25:03| Railroads - Topix.net

A $743 million plan to link Metro-North Railroad with Penn Station, and other MTA system-expansion projects, would be the first to go if the agency were forced to scale back its proposed Capital Program, the MTA's chief said Monday. Speaking at a state Senate joint committee hearing in Albany on the agency's finances, Metropolitan Transportation Authority chairman and chief executive Thomas... A $743 million plan to link Metro-North Railroad with Penn Station, and other MTA system-expansion projects, would be the first to go if the agency were forced to scale back its proposed Capital Program, the MTA's chief said Monday.

Tags: face capital says cut

 

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