Home bln
 

Keywords :   


Tag: bln

Verizon raises USD 49 bln in bond offering

2013-09-12 09:11:00| Telecompaper Headlines

(Telecompaper) Verizon Communications has raised USD 49 billion in a bond issue to help finance its acquisition of Vodafone's stake in Verizon Wireless. The issue included USD 2.25 billion in floating-rate notes due 2016, USD 1.75 billion in floating-rate notes due 2018, USD 4.25 billion in 2.50 percent notes due 2016, USD 4.75 billion in 3.65 percent notes due 2018, USD 4.0 billion in 4.50 percent notes due 2020, USD 11.0 billion in 5.15 percent notes due 2023, USD 6.0 billion in 6.40 percent notes due 2033 and USD 15.0 billion in 6.55 percent notes due 2043. According to market reports, the issue saw strong demand, with an order book worth over USD 100 billion. This is thought to be the largest corporate bond offering on record. Verizon will pay in total USD 130 billion for the takeover, just under half of which in cash.

Tags: offering usd bond raises

 

UPDATE 3-Koch brothers move into electronics with $7.2 bln Molex deal

2013-09-09 20:35:21| Electronics - Topix.net

Privately owned Koch Industries will buy Molex Inc , a maker of electronic connectors for companies including Apple Inc , for about $7.2 billion to give the billionaire Koch brothers a way to diversify from their traditional holdings in energy, chemicals and paper.

Tags: electronics update move deal

 
 

UPDATE 2-American Tower extends network reach with $3.3 bln deal

2013-09-07 15:05:34| IT Services - Topix.net

American Tower Corp said it would buy the parent of telecom tower operator Global Tower Partners for $3.3 billion as it seeks a bigger share of the billions of dollars that U.S. telecom carriers are spending to upgrade their networks.

Tags: network update deal reach

 

Android hits 1 bln activations, latest release named KitKat

2013-09-04 08:49:00| Telecompaper Headlines

(Telecompaper) Google announced that Android has passed the milestone of over 1 billion devices activated. The announcement came alongside the unveiling of the latest version of the mobile operating system, Android 4.4 KitKat. While the KitKat brand is owned by Nestle, Google said the use of the name for the latest release of Android was not part of a commercial agreement. "This is not a money-changing-hands kind of deal," John Lagerling, director of Android global partnerships, told the BBC. He said the idea was to do something "fun and unexpected". The agreement with Nestle will also see the launch of a Kitkat chocolate bar in the shape of the Android icon and a contest with Nestle to give away Google Nexus 7 tablets and credits for Google Play, starting 06 September. Further details of the new software will be announced at a later date.

Tags: latest release hits named

 

Vodafone agrees Verizon Wireless sale for USD 130 bln

2013-09-03 08:43:00| Telecompaper Headlines

(Telecompaper) Vodafone has reached an agreement to sell its 45 percent stake in Verizon Wireless to its US partner Verizon Communications, giving the latter 100 percent control of the mobile operator. Verizon will pay a total USD 130 billion, including USD 58.9 billion in cash, USD 60.2 billion in Verizon shares, USD 5.0 billion in the form of Verizon loan notes, Verizon's 23 percent stake in Vodafone Italia (valued at USD 3.5 billion), and Verizon's assumption of USD 2.5 billion in Vodafone debt related to the US group. Vodafone plans to return 71 percent of the proceeds to its shareholders, while GBP 6 billion will be go to a new three-year investment programme called Project Spring. The latter will see the group accelerate its 4G roll-out to 90 percent of its five main European markets by 2017, enhance 3G coverage and capacity in mature and emerging markets, extend its fixed broadband services based on fibre and VDSL, upgrade distribution outlets, improve the portfolio of enterprise services, speed up the deployment of mobile payment services and develop new systems to improve customer experience and simplify operations. The shareholder pay-out will include a mix of the Verizon shares and cash, worth in total 112 pence per share. In addition Vodafone pledged to increase its 2014 dividend by 8 percent to 11 pence per share. After the divestment of the Verizon Wireless stake, shareholder pay-out and proposed Kabel Deutschland takeover, the company's balance sheet will remain strong, with net debt at 1.0 times EBITDA.

Tags: sale wireless usd agrees

 

Sites : [134] [135] [136] [137] [138] [139] [140] [141] [142] [143] [144] [145] [146] [147] [148] [149] [150] [151] [152] [153] next »