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Altice to acquire Orange Dominicana for USD 1.4 bln
2013-11-27 09:23:00| Telecompaper Headlines
(Telecompaper) Investment fund Altice has agreed to acquire Orange's Dominican Republic unit for around USD 1.4 billion (approximately EUR 1.1 billion). The agreement includes the continued use of the Orange brand by Orange Dominicana within a defined framework. The transaction, which is subject to the approval of the Dominican authorities, will be submitted by Orange Dominicana to the Orange board of directors during the week commencing 9 December. Altice also plans to soon finalize an agreement with Dominican Republic business group Grupo Leon Jimenes to join as local partners on its telecom investments in the Dominican Republic, including Orange Dominicana and Tricom.
ThyssenKrupp to sell U.S. plant for $1.97 bln -report
2013-11-26 21:34:34| Steel - Topix.net
ThyssenKrupp will sell its U.S. steel plant to a consortium of ArcelorMittal and Nippon Steel & Sumitomo Metal in a deal worth 200 billion yen , Japan's Nikkei newspaper reported in its online edition on Tuesday, without citing sources.
Orange to sell Dominican Republic unit for over EUR 1 bln
2013-11-22 23:43:00| Telecompaper Headlines
(Telecompaper) Orange is within days of announcing the sale of its Dominican Republic unit for "well over" EUR 1 billion (approximately USD 1.35 billion), the Wall Street Journal reports, citing Orange CEO Stephane Richard. "The probability that we'll make a Dominican Republic announcement in coming days is very high," Richard said. "It's for a value well above what had been expected, well above EUR 1 billion", he added. The statement was made at a Morgan Stanley investor conference in Barcelona. Richard declined to name the buyer or give further details related to the deal. Three sources familiar with the matter told Bloomberg that the likely buyer is cable investment group Altice. The latter last month acquired the Dominican operator Tricom.
Deutsche Telekom agrees Scout24 sale for EUR 1.5 bln
2013-11-21 16:26:00| Telecompaper Headlines
(Telecompaper) Deutsche Telekom has reached an agreement to sell a 70 percent stake in its directories unit Scout24 to Hellman & Friedman. Deutsche Telekom will retain a 30 percent stake in the company. The transaction, expected to close in the first quarter of 2014 pending regulatory approval, will generate cash proceeds at closing of approximately EUR 1.5 billion. The German operator acquired Scout24 in 2004 and has been looking to sell the company since early this year. It reportedly attracted the interest of several private equity groups. Scout24 operates the online classifieds sites ImmobilienScout24 and AutoScout24 in Germany. It counts around 14 million monthly visitors and operates in 22 countries. Hellman & Friedman is a US-based private equity firm specialising in the TMT sector.
Tags: sale
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Deutsche Telekom sells 70 pct of online ad unit for 1.5 bln euros
2013-11-21 01:00:00| Total Telecom industry news
Stake in Scout24 sold to Hellman & Friedman; transaction to close in Q1 of 2014
Tags: online
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