je.st
news
Tag: bln
Telecom Egypt acquires mobile licence for EGP 2.5 bln
2014-04-03 08:22:00| Telecompaper Headlines
(Telecompaper) The Egyptian government has handed over a mobile licence to fixed-line operator Telecom Egypt. The state-owned incumbent will pay EGP 2.5 billion to enter the mobile market, according to telecommunications minister Atef Helmy at a press conference reported by Reuters. It will have one year to sell its almost 45 percent stake in Vodafone Egypt. The country's three existing mobile operators will also be allowed to enter the fixed market, using Telecom Egypt's network, by acquiring a licence for EGP 100 million. Helmy said the details of the unified licence, for both mobile and fixed services, will be finished by 30 June, following consultations with the telecom companies. Telecom Egypt will not receive any spectrum, but instead need to negotiate a MVNO agreement with an existing operator. It could acquire spectrum later, with an auction of frequencies for 4G services planned for June 2016, according to the head of the telecoms regulator, Hesham El Alaily. The new unified licence requires a single payment plus an annual fee, Alaily told Reuters. He did not give any details on the annual fees.
Tags: mobile
egypt
telecom
licence
UPDATE 2-Comcast divestitures may be worth roughly $18 bln -source
2014-04-01 06:32:13| Telecom - Topix.net
The 3 million subscribers that Comcast Corp plans to divest as part of a proposed takeover of Time Warner Cable Inc might be worth roughly $18 billion, according to a source familiar with the matter.
Tags: source
update
worth
roughly
UPDATE 1-Encana to sell nat gas assets to TPG Capital for $1.8 bln
2014-03-31 15:32:09| Oil & Gas - Topix.net
Encana Corp said it would sell some natural gas assets in Wyoming's Jonah field to a TPG Capital affiliate for about $1.8 billion, as it focuses on regions rich in oil and natural gas liquids.
Facebook buys virtual reality firm Oculus for USD 2 bln
2014-03-26 09:51:00| Telecompaper Headlines
(Telecompaper) Facebook has signed a definitive agreement to acquire immersive virtual reality technology specialist Oculus VR for a total of around USD 2 billion. This includes USD 400 million in cash and 23.1 million shares of Facebook common stock (valued at USD 1.6 billion). The deal also provides for an additional USD 300 million earn-out in cash and stock based on the achievement of certain milestones. Oculus has received more than 75,000 orders for development kits for the Oculus Rift virtual reality headset. Facebook plans to extend Oculus' existing advantage in gaming to new verticals, including communications, media and entertainment, education and other areas. The deal is expected to close in Q2 2014.
Tags: firm
usd
virtual
reality
UPDATE 2-Dow Chemical raises asset sale target by $1.5 bln-$2 bln
2014-03-19 22:07:16| Chemicals - Topix.net
Dow Chemical Co said it aimed to raise up to $6 billion from asset sales, $1.5 billion to $2.0 billion more than its earlier target, to focus on electronics, agriculture and packaging.
Tags: sale
update
target
chemical
Sites : [121] [122] [123] [124] [125] [126] [127] [128] [129] [130] [131] [132] [133] [134] [135] [136] [137] [138] [139] [140] next »