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Tag: cuts
EU budget cuts broadband funding
2013-02-11 09:20:00| Telecompaper Headlines
(Telecompaper) The EU Council agreement on the EU's budget for the period 2014-2020 has sharply reduced the amount of funds dedicated to expanding broadband access. The European Commission had proposed EUR 9.2 billion for the digital economy, as part of the Connecting Europe Facility, and in the final agreement, this was reduced to around EUR 1 billion, to be spent mainly on services such as e-government and telemedicine. Neelie Kroes, commissioner for the Digital Agenda, said it was a "missed opportunity", but said she will look for other ways to support financing of new networks, such as through the European Investment Bank. The budget still requires approval by the European Parliament. The major political groups in parliament have said they are not in complete support of the overall spending cuts in the budget, which could lead to a compromise on restoring some of the funding.
Tags: budget
funding
cuts
broadband
Telecom Italia cuts dividend to boost investments
2013-02-11 08:58:00| Telecompaper Headlines
(Telecompaper) Telecom Italia announced it will cut dividend payments to EUR 450 million a year until 2015, in order to continue investing in the fixed and mobile operations in Italy and mobile services in Brazil. The company will also issue up to EUR 3 billion in hybrid subordinated debt securities in the next 18-24 months to strengthen its balance sheet. In its new strategic plan, the Italian operator targets stable revenues and a smaller decline in EBITDA this year, with net debt cut to less than EUR 27 billion by year-end. In the period to 2015, the aim is a low single-digit CAGR in sales and EBITDA and cumulative capex of EUR 16 billion over the three years. By the end of 2015, adjusted net debt should be less than two times EBITDA. In Italy, the focus will be on expanding the LTE and FTTC networks, as well as implementing another EUR 1.6 billion in cost reductions over the period.
Tags: italia
investments
telecom
cuts
More than 3,500 Organizations Demand End to Sequestration Cuts
2013-02-11 06:00:00| Industrial Newsroom - All News for Today
Citing threats to economic health and American jobs, 3,500+ organizations from all sectors of the economy and society joined together to urge immediate end to sequestration budget cuts. Letters from NDD United, AIA, and Task Force on American Innovation were sent to President Obama and congressional leadership, and copies went to every member of Congress. "The danger that sequestration poses to the economy and our national security cannot be overstated," said AIA's Marion C. Blakey. This story is related to the following:Trade Associations
Tags: end
organizations
demand
cuts
Scottish Pig Producers Hit Out at Price Cuts
2013-02-11 01:00:00| ThePigSite - Industry News
SCOTLAND, UK - Scottish pig producers have railed against unjustifiable and unexpected price cuts brought in by the processing sector last Thursday (7 September).
Tags: price
hit
cuts
producers
A chorus of voices: more greenhouse gas cuts
2013-02-10 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Philadelphia Inquirer: After yesterday's release of data about the major emitters of greenhouse gases in the U.S., numerous environmental groups called for action to reduce the emissions. Today, the World Resources Institute released a report showing that, while the U.S. government has pledged to reduce emissions to a level 17 percent below 2005 emissions, and to do it by 2020, we're not on track. Indeed, without new actions, emissions will increase, the Institute predicted. But policy-makers have the tools they...
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