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Sprint to raise USD 1.2 bln by selling, leasing back devices
2015-11-20 17:53:00| Telecompaper Headlines
(Telecompaper) Sprint has signed an agreement with newly formed Mobile Leasing Solutions for the sale and lease-back of certain leased devices. The operator expects the deal to deliver approximately USD 1.1 billion in cash as part of a total consideration of USD 1.2 billion. The transaction is expected to close in the first week of December. It is designed to immediately improve the company's liquidity position. Mobile Leasing Solutions was formed by equity investors including SoftBank. Brightstar is providing its lease management and tracking system and providing remarketing services. A forward purchase agreement is being finalised with Foxconn. Sprint said that it now expects USD 6.8 billion to USD 7.1 billion of Adjusted EBITDA in 2015, compared to its earlier target of USD 7.2 billion to USD 7.6 billion.
Tags: back
selling
usd
devices
U.S. executives pledge stock for loans, raise margin call concern
2015-11-17 17:06:23| Air Courier - Topix.net
Co-founder and Chief Executive of Oracle Corporation, Larry Ellison introduces the company's latest SPARC servers at Oracle Conference Center in Redwood Shores, California March 26, 2013. Co-founder and Chief Executive of Oracle Corporation, Larry Ellison introduces the company's latest SPARC servers at Oracle Conference Center in Redwood Shores, California March 26, 2013.
Tags: call
stock
concern
loans
Subaru maker to raise profit forecast on high U.S. crossover demand
2015-11-17 08:14:05| Automakers - Topix.net
Subaru's cars and crossover models are in such demand that customers have to wait months to get their keys, prompting the carmaker to ramp up its capacity ahead of schedule. Fuji Heavy Industries Ltd., which owns the Subaru brand, will raise its North America sales target and project a record profit for its next three-year business plan running through March 2018, Yoshinaga said in an interview in Tokyo on Monday.
Tags: high
demand
profit
raise
Earth has enough groundwater to raise sea levels by 52 metres
2015-11-16 17:16:00| Climate Ark Climate Change & Global Warming Newsfeed
New Scientist: Earth holds enough water underground to flood the surface of the continents to a depth of 180 metres - or raise sea levels by 52 metres if it were spread over the entire globe. But only a small percentage of this is renewable on a human timescale. The size of this smaller renewable reservoir - never known until now - may help governments manage water resources in the face of growing demand. Society is increasingly relying on groundwater from wells and springs for drinking and, especially, for...
Gap and Bombas Partner to Raise Awareness for Homeless Need
2015-11-16 16:04:00| Apparel - Topix.net
The exclusive Gap x Bombas holiday sock collection brings awareness to the most requested clothing item in homeless shelters: socks. The collection will be available in select Gap stores around the world, and ... The exclusive Gap x Bombas holiday sock collection brings awareness to the most requested clothing item in homeless shelters: socks.
Tags: need
partner
raise
awareness
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