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Telia sells Telia Carrier to pensions investment firm Polhem Infra for SEK 9.45 bln, restores dividend
2020-10-06 09:30:00| Telecompaper Headlines
(Telecompaper) Telia Company said that it has agreed to sell its international operation Telia Carrier to pensions investment firm Polhem Infra for SEK 9.45 billion on a cash and debt-free basis but is forming a long-term partnership with Telia Carrier to enable it to keep providing network services to Telia customers. The transaction is expected to generate a capital gain of about SEK 7.00 billion and the directors are proposing an extra dividend of SEK 0.65 per share, bringing the total dividend for 2019 back to the level originally proposed in January.
Tags: firm
investment
carrier
sells
Kioxia postpones USD 16 bln IPO amid pandemic, Huawei woes
2020-09-28 11:09:00| Telecompaper Headlines
(Telecompaper) Kioxia, the Japanese memory-chip maker formerly known as Toshiba Memory, has postponed its initial public offering, originally planned for 6 October, citing continued market volatility and ongoing concerns about a second second wave of the coronavirus pandemic. The company said it will "continue to evaluate the appropriate timing for its offering" and that it is not "in a rush" but reports said the delay may be indefinite. The Wall Street Journal reported that the decision comes amid US export restrictions on Huawei, affecting Kioxia's business.
Vodafone negotiating EUR 6 bln acquisition of Spain's Masmovil - report
2020-09-25 09:53:00| Telecompaper Headlines
(Telecompaper) Vodafone has begun talks to acquire Spain's Masmovil with the three private equity funds who have just taken it over, according to unnamed sources cited by business daily El Economista. The transaction values Masmovil at around EUR 6 billion, including EUR 2 billion in debt, and would result in Spain's third largest operator acquiring the country's fourth. Market sources consulted in the report said a consolidation of Spain's leading operators is "inevitable" in view of an increasingly crowded market that expanded to 5 nationwide domestic operators earlier this year with the launch of Euskaltel's Virgin Telco brand.
Tags: report
eur
acquisition
vodafone
Macquarie offers EUR 2.65 bln for Enel's Open Fiber stake
2020-09-18 09:16:00| Telecompaper Headlines
(Telecompaper) Italian utility giant Enel has confirmed the receipt of a binding bid from Australian infrastructure fund Macquarie for its 50 percent stake in Italian wholesale-only operator Open Fiber. In a brief statement, Enel said Macquarie Infrastructure & Real Assets (MIRA) offered EUR 2.65 billion, excluding debt, for the stake, with further adjustment and earn out mechanisms to be taken into account. The state-backed utility said its board is now "awaiting updates on the details that may emerge following the required in-depth activities with MIRA on the content of the offer."
Ericsson to buy wireless WAN specialist Cradlepoint for USD 1.1 bln
2020-09-18 08:27:00| Telecompaper Headlines
(Telecompaper) Ericsson announced an agreement to acquire Cradlepoint for USD 1.1 billion. The takeover of the US-based company is expected to strengthen its portfolio of enterprise wireless solutions, including products for wireless edge WAN over 4G and 5G networks.
Tags: buy
wireless
usd
specialist
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