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Vimpelcom drops plan to buy Wind Mobile

2013-06-20 09:34:00| Telecompaper Headlines

(Telecompaper) Vimpelcom subsidiary Orascom Telecom has withdrawn its request to the Canadian government to acquire full control of Wind Mobile. Orascom said the move comes after a review process and that it will continue discussing with the government how to consolidate its interest in the operator. The company, which owns 65 percent of Wind Mobile, had been waiting for regulatory approval under the Investment Canada Act. Wind Mobile CEO Anthony Lacavera, who owns 35 percent of the company he founded, said that now that Vimpelcom has pulled back, he will seek to buy the rest of the company with help from the capital markets. Verizon and others are reportedly also considering acquiring the Canadian mobile operator.

Tags: buy plan mobile wind

 

FedEx 4Q profit drops as priority services lag

2013-06-19 18:08:01| Air Courier - Topix.net

The Internal Revenue Service is about to pay $70 million in employee bonuses despite an Obama administration directive to cancel discretionary bonuses because of automatic spending cuts enacted this year, according to GOP Sen. Chuck Grassley of Iowa.

Tags: services profit priority lag

 
 

Amazon drops blogger affiliates in Minnesota to avoid sales tax

2013-06-19 06:54:21| Trucking - Topix.net

The move, which parallels those by other Internet retailers, is a response to an upcoming change in the state's tax law that applies to e-commerce.

Tags: sales affiliates tax amazon

 

Amazon drops blogger affiliates in Minnesota to avoid sales tax

2013-06-19 06:49:03| Air Courier - Topix.net

The move, which parallels those by other Internet retailers, is a response to an upcoming change in the state's tax law that applies to e-commerce.

Tags: sales affiliates tax amazon

 

Royalty drops hostile bid for Elan

2013-06-19 00:50:30| Biotech - Topix.net

Royalty Pharma has dropped a hostile bid worth up to $8bn for Elan, leaving it free to seek other suitors having put itself up for sale last week.

Tags: bid drops royalty hostile

 

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