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America Movil ups Telekom Austria stake to 59.7%
2014-10-21 02:00:00| Total Telecom industry news
Mexican telco announces completion of extended offer period for Austrian operator's shares.
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South African govt could sell stake in Vodacom - source
2014-10-17 09:38:00| Telecompaper Headlines
(Telecompaper) The South African government is thinking of selling its minority stake in Vodacom, Bloomberg reported, citing cources with knowledge of the matter. Vodafone has a 65 percent stake in Vodacom and could be a possible buyer for the new shares, the sources said. Vodafone owns 40 percent of Kenya's Safaricom and has branded businesses in Egypt and Ghana. The South African government's 13.9 percent stake in Vodacom is valued at about ZAR 25.5 billion. The state is exploring a sale of the unit as it seeks funds to rescue utility Eskom, the people with knowledge of the matter said.
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Singapore Airlines rides to Tiger's rescue, could raise stake to 71 percent
2014-10-17 08:54:08| Airlines - Topix.net
Cash-rich Singapore Airlines Ltd is injecting up to $110 million to take control of loss-making affiliate Tiger Airways Ltd, shoring up the budget carrier while scrapping its regional ambitions as competition rages. Announcing a record quarterly loss that sent its shares tumbling as much as 10 percent, Tiger said on Friday that SIA will raise its stake to about 55 percent from 40 percent by converting existing securities into shares.
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Tar Sands Trade: Kuwait Buys Stake in Alberta As It Opens Own Heavy Oil Spigot
2014-10-15 05:38:27| Energy - Topix.net
Chevron made waves in the business world when it announced its October 6 sale of 30-percent of its holdings in the Alberta-based Duvernay Shale basin to Kuwait Foreign Petroleum Exploration Company for $1.5 billion. It marked the first North American purchase for the Kuwaiti state-owned oil company and yields KUFPEC 330,000 acres of Duvernay shale gas.
Tar Sands Trade: Kuwait Buys Stake in Alberta As It Opens Own Heavy Oil Spigot
2014-10-15 04:45:23| Oil & Gas - Topix.net
Chevron made waves in the business world when it announced its October 6 sale of 30-percent of its holdings in the Alberta-based Duvernay Shale basin to Kuwait Foreign Petroleum Exploration Company for $1.5 billion. It marked the first North American purchase for the Kuwaiti state-owned oil company and yields KUFPEC 330,000 acres of Duvernay shale gas.
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