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Tag: bln
Telekom Austria launches EUR 1 bln rights issue
2014-11-07 09:02:00| Telecompaper Headlines
(Telecompaper) Telekom Austria has launched a share issue to raise up to EUR 1 billion to strengthen its balance sheet. Existing shareholders will receive the right to one new share for every two existing shares they hold in Telekom Austria, at a discounted price of EUR 4.57 per share. The subscription period will run from 10-24 November. America Movil and the Austrian state holding company OIAG, the operator's two biggest shareholders, have agreed to subscribe for their pro rata shares of the offering. This was part of their agreement earlier this year that handed management control of the company to America Movil. They will have a lock-up of six months on the new shares. Telekom Austria said the additional capital will help it maintain its credit rating of at least BBB and give it more room to pursue strategic investments. In particular, the capital increase will allow an accelerated roll-out of its fibre infrastructure in the period 2015-2018 and more acquisitions to support its convergence strategy.
Tags: rights
issue
eur
austria
C&W Communications buys Columbus Int'l for USD 1.85 bln
2014-11-06 09:38:00| Telecompaper Headlines
(Telecompaper) C&W Communications said it has agreed to acquire Columbus International, a privately-owned fibre services provider in the Caribbean, Central America and Andean region, for USD 1.85 billion. To help fund the acquisition, C&W is planning a share placement of 9.99 percent of its outstanding share capital. C&W said the acquisition will be earnings neutral in the first year after completion but materially enhance earnings thereafter. With Columbus on board, the group is now expected to achieve recurring annualised pre-tax cost synergies of around USD 85 million, delivered in full in the 2017-2018 financial year, and one-time capital expenditure synergies of USD 145 million in the first three financial years following completion, with additional revenue benefits. C&W added that it will, for the moment, maintain its existing dividend policy of 4 cents per CWC share. C&W said the deal is in line with the strategy it unveiled in May, where it said it wanted mobile leadership, improved fixed-mobile convergence, better TV offerings, and a strong B2B/B2G offering. The deal will also strengthen the management team. Based in Barbados, Columbus counts 700,000 residential customers in the regions where it operates. The company provides triple-play cable TV and broadband services as well as backhaul connectivity to 42 countries in the region, capacity and IT services.
Tags: communications
usd
columbus
buys
Publicis buys Sapient for $3.7 bln
2014-11-04 15:09:14| Beverages - Topix.net
The addition of Sapient will significantly boost Publicis' digital ad sales. But other bidders may emerge for Sapient, says one analyst.
Tags: buys
bln
publicis
sapient
Argentina raises USD 2.23 bln in auction of 3G, 4G spectrum
2014-11-03 14:02:00| Telecompaper Headlines
(Telecompaper) The government of Argentina received offers of USD 2.23 billion in the tender for 4G spectrum. The offers exceed by 13.6 percent the base price of USD 1.96 billion. The country's telecoms ministry SeCom said that the 15-year licences will be awarded in November. The government offered 4G spectrum in both 700MHz and AWS (1.7-2.1GHz) bands. The government also offered additional 3G spectrum in the 850MHz and 1,900MHz bands. Argentine mobile operators Claro, Personal and Movistar are expected to provide 4G LTE coverage in all provincial capitals and in those cities with over 100,000 inhabitants in 2016. According to the bidding conditions, winning operators will have a maximum of 18 months to deploy LTE infrastructure in these cities.
Tags: argentina
usd
auction
spectrum
Bharti Airtel revenues lift over 7% to INR 228.4 bln in Q3
2014-10-31 11:12:00| Telecompaper Headlines
(Telecompaper) Bharti Airtel reported revenues for its fiscal second quarter up 7.1 percent year-on-year to INR 228.4 billion. Growth was driven by a 66.7 percent increase in mobile data revenues to INR 25.4 billion, as well as a 8.4 percent rise in the number of customers which crossed the 300 million mark to 303.7 million. EBITDA for the three months to September rose 12.1 percent to INR 77.0 billion, giving a margin up 1.5 percent to 33.7 percent. The net profit lifted 170.2 percent to INR 13.8 billion, the company's highest quarterly profit since March 2011, boosted by improved operational efficiency, lower forex and derivative losses, and higher MTM losses on investment in the corresponding quarter last year. Operating cash flow fell 16 percent to INR 39.7 billion. Airtel reported revenues for mobile services in its home market India up 9.5 percent to INR 211.7 billion. Mobile Data revenue reached INR 18.0 billion, pulled up sharply by a 43 percent increase in the data customer base and higher usage per customer (+31.2%). Elsewhere in south Asia, revenues for mobile services slipped 8.0 percent. In Africa, revenues grew by 6.4 percent in local currency terms, but the USD appreciation depressed the reported growth to 1.9 percent year-on-year. Data revenues lifted 56.8 percent to USD 115 million, led by increase in the data customer base by 50.4 percent and higher usage per customer by 24.5 percent. Data revenues contributed 10.1 percent of overall Africa revenues, compared to 6.6 percent last year. The number of active Airtel Money customers rose to 5.3 million with the total value of transactions on the Airtel money platform crossing USD 3.3 billion.
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