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Telecom Egypt approves acquisition of MENA Cable from Orascom TMT, long-term credit facilities
2018-05-10 11:32:00| Telecompaper Headlines
(Telecompaper) Telecom Egypt said that its board has approved two strategic decisions to increase its return on investment, and provide the liquidity to facilitate the implementation of its business plan. The board approved the acquisition of Middle East and North Africa Submarine Cable (MENA Cable) by 50 percent-owned subsidiary Egyptian International Submarine Cables Company, with a total enterprise value of USD 90 million to be financed through a shareholder loan from Telecom Egypt. MENA Cable is a subsidiary of Orascom Telecom Media and Technology Holding.
Tags: credit
facilities
cable
egypt
Brazilian antitrust authority approves AT&T acquisition of Time Warner
2017-10-18 20:00:30| Digital TV News
Brazils antitrust authority, the Conselho Administrativo de Defesa Econômica (CADE) has approved AT&Ts pending acquisition of Time Warner. CADEs approval does not require the sale or divestiture of any AT&T or Time Warner assets.
Tags: time
authority
att
acquisition
TRA approves Viva Bahrain's acquisition of Menatelecom with conditions
2017-10-12 11:02:00| Telecompaper Headlines
(Telecompaper) The Telecommunications Regulatory Authority (TRA) has given approval to Viva Bahrain for its proposed acquisition of Menatelecom, Gulf News reported. TRA said after a process of open consultation and discussions with various parties, it concluded that Viva's plans complied with the necessary regulations. The statement said the TRA first received notification from Viva on 17 August of its proposal to acquire 100 percent of the common equity of Menatelecom.
Tags: conditions
tra
acquisition
viva
Indias ONGC board approves 51.11% acquisition in HPCL
2017-08-23 01:00:00| Hydrocarbons Technology
The board of Indian oil marketing company Oil and Natural Gas (ONGC) has given an in-principle approval to acquire 51.11% stake held by the government in Hindustan Petroleum (HPCL).
Tags: board
acquisition
approves
indias
North Carolina Utilities Commission approves Duke Energy's acquisition of Piedmont for $4.9 billion
2016-10-04 01:00:00| Hydrocarbons Technology
US-based North Carolina Utilities Commission (NCUC) has approved Duke Energy's proposed acquisition of energy services company Piedmont Natural Gas for $4.9 billion.
Tags: north
commission
carolina
north carolina