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Tag: asset sales
MTN plans asset sales, improves targets after rise in FY results
2019-03-07 08:55:00| Telecompaper Headlines
(Telecompaper) MTN Group increased its subscriber base by 16 million in 2018 to 233 million customers across 21 markets in Africa and the Middle East. The number of active data users increased by 10 million to 79 million, and the active mobile money subscriber base rose to 27 million. This strong commercial momentum drove a 10.7 percent constant currency increase in service revenue to ZAR 125.4 billion, the company said. The group said it met all its medium-term targets, reducing its holding company leverage and accelerating service revenue growth, driven by the implementation of its BRIGHT strategy. It also announced plans for asset disposals and raised its target for service revenue growth in the coming years.
Tags: results
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Anbang Said to Near Asset Sales in China, U.S. as Empire Unwinds
2019-01-25 18:30:56| National Real Estate Investor
Anbang is exploring the sale of its Manhattan headquarters.
Argentina OKs Telecom merger, requires asset sales
2018-07-02 02:00:00| Total Telecom industry news
Argentina's competition body the CNDC has given the go-ahead to the planned merger of Telecom Argentina with Cablevision subject to the fulfilment of a number of conditions, including the sale of fixed-line assets in certain areas and a moratorium on the provision of quad…read more on TotalTele.com »
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RCom agrees asset sales to cut debt by 85%
2017-12-27 07:30:00| Telecompaper Headlines
(Telecompaper) Indian operator Reliance Communications (RCom) has announced an agreement with lenders to restructure its debt and exit protection from creditors, without any loan write-offs. Upon completion of all the proposed transactions, RCom's debt is expected to drop to INR 60 billion, which represents a reduction of over 85 percent.
Altice to start asset sales in 1H 2018
2017-11-20 01:00:00| Total Telecom industry news
Altice will sell off non-core assts as early as the first half of next year, it announced on Monday, in a statement that also addressed recent market speculation over its cash requirements and margin loan exposure. The French telecoms group reiterated comments made last week about its aim to offload certain assets…read more on TotalTele.com »
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asset sales