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Shaw's profit climbs on price hikes, asset sale; TV subscribers exit

2015-10-22 17:32:42| Telecom - Topix.net

Shaw Communications Inc. reported a sharp jump in fourth-quarter profit on Thursday, helped by the sale of wireless airwaves and price increases, but shed large numbers of retail television customers and barely added consumer Internet subscribers. The Calgary-based cable company said net income rose to $276-million, or 57 cents per share, from $192-million, or 40 cents per share, a year earlier.

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Asset sale reports lift Glencore shares

2015-10-05 16:53:27| BBC News | Business | UK Edition

Shares in embattled mining giant Glencore jump 17% following reports it is in talks to sell its agriculture business.

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Enterprise completes $1.5bn Gulf of Mexico asset sale to Genesis

2015-07-27 01:00:00| Offshore Technology

Texas-based midstream energy services company Enterprise Products has completed the sale of its offshore Gulf of Mexico pipelines and services business to Genesis Energy for $1.5bn, in an all cash transaction.

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America Movil rethinks asset sale as AT&T enters market

2015-04-28 02:00:00| Total Telecom industry news

Mexican operator still keen to reduce its market share, but is no longer interested in selling infrastructure or spectrum, CEO says.

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Surge says $430-million asset sale will reduce debt, help invest in discovery

2015-04-27 17:21:00| Oil & Gas - Topix.net

Surge Energy Inc. is selling some of its oil-producing assets in Saskatchewan and Manitoba for $430 million to an unidentified Canadian company. Calgary-based Surge said the sale will allow it to reduce its indebtedness and prepare it to redeploy capital to the Upper Shaunavon oil discovery in southwestern Saskatchewan.

Tags: sale reduce debt discovery

 

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