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Vodafone values Verizon Wireless stake at USD 130 bln

2013-09-02 08:37:00| Telecompaper Headlines

(Telecompaper) Vodafone has confirmed the price tag for its 45 percent stake in Verizon Wireless, at USD 130 billion. Responding to press speculation that a deal to sell the stake to Verizon Communications is imminent, the company said in a statement that the payment would be a mixture of Verizon shares and cash. People familiar with the matter told the Wall Street Journal that a deal could be announced as early as 02 September. Vodafone would pay about USD 5 billion in tax on the sale, while also receive Verizon's stake in Vodafone Italia, which is valued at about USD 5 billion as part of the payment, the Financial Times reported. The remaining USD 120 billion would be split equally between cash and equity in Verizon, according to the paper's sources.

Tags: values wireless usd vodafone

 

UPDATE 1-CIBC card deal could see sale of C$3 bln of receivables

2013-08-30 01:02:14| Grocery - Topix.net

Canadian Imperial Bank of Commerce will part with around C$3 billion of credit card receivables if its deal to sell half of its Aeroplan Visa credit card portfolio with Toronto-Dominion Bank goes through.

Tags: of sale card update

 
 

Internet.org aims to bring web to next 5 bln people

2013-08-21 09:25:00| Telecompaper Headlines

(Telecompaper) Internet.org is a new industry consortium announced by Facebook CEO Mark Zuckerberg founded with Ericsson, MediaTek, Nokia, Opera, Qualcomm and Samsung. The group aims to bring internet to the next 5 billion people. Today, only 2.7 billion people, or just over one third of the world's population, have access to the internet. Internet adoption is growing by less than 9 percent each year, which is slow considering it's still in earlu development. The goal of Internet.org is to bring the web to the two-thirds of the world who are not yet connected. The consortium will focus on three key challenges in developing countries, namely making access affordable, using data more efficiently and helping businesses drive access.

Tags: web people bring aims

 

Swire Pacific says H1 net profit down 22 pct to HK$6.6 bln

2013-08-15 10:09:00| Beverages - Topix.net

For a full statement on the results of Swire Pacific Ltd, which is a general trading house with interests in aviation, property, shipping and offshore services industries, trading and insurance, please click on:

Tags: to net profit pacific

 

Eutelsat to acquire Satmex for over USD 1.1 bln

2013-07-31 10:10:00| Telecompaper Headlines

(Telecompaper) Satellite operator Eutelsat Communications has agreed to acquire Satelites Mexicanos (Satmex). Eutelsat will acquire the entire share capital of Satmex for USD 831 million. Based on Satmex's reported net debt of USD 311 million at 31 March 2013, this price corresponds to an enterprise value of USD 1.142 billion. The transaction is expected to close by year-end, subject to government and regulatory approvals and other customary conditions.

Tags: usd acquire bln eutelsat

 

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