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Tag: bln
Colombia awards 5 LTE licences for COP 770 bln
2013-06-27 08:58:00| Telecompaper Headlines
(Telecompaper) Colombia has awarded 4G licences to five companies, raising COP 770 billion (EUR 308 million) that will go to expanding ICT access in rural areas. Movistar made the highest bid, paying COP 197.9 billion for a block in the AWS band, the ICT ministry announced. Claro paid COP 120 billion for 30 MHz in the 2.5 GHz band, and DirecTV paid COP 149 billion for a block of 30 MHz plus 40 MHz reserve band in the 2.5 GHz range. Avantel and a consortium of ETB and Tigo each acquired blocks in the AWS band (1.7/2.1 GHz), for respectively COP 107.5 billion and COP 195.7 billion. Azteca was the sixth bidder in the auction but did not acquire any spectrum. As part of the licence conditions, the operators will be required to buy a certain number of tablets for students and meet coverage obligations based on the number of municipalities. Release of the spectrum will be conducted in coordination with the military and police, which are currently using some of the bands.
Tags: awards
colombia
cop
licences
India's Tata Tele to raise 5 bln rupees via bonds
2013-06-24 09:18:26| Steel - Topix.net
Tata Teleservices Ltd , India's sixth-biggest cellular carrier by customers, is planning to raise 5 billion rupees through triple-tranche bonds, a termsheet showed.
Vodafone offers EUR 7.7 bln for Kabel Deutschland
2013-06-24 08:43:00| Telecompaper Headlines
(Telecompaper) Vodafone has offered EUR 7.7 billion for Kabel Deutschland, valuing the German cable operator at EUR 87 a share. Based on a Business Combination Agreement signed with the board of Kabel Deutschland, Vodafone will pay EUR 84.50 per share cash, and shareholders will also receive a EUR 2.50 per share dividend for the current fiscal year, to be confirmed at KDG's annual shareholders meeting in October. Kabel Deutschland has about EUR 3 billion in debt that would be assumed by Vodafone. The offer is a 37 percent premium on KDG's share price in February, when news of a possible bid first emerged. KDG said its board plans to recommend the bid to shareholders, and management will tender their shares to Vodafone. Kabel Deutschland will remain a separate legal entity with its headquarters in Unterfoehring (near Munich), and its management will oversee the entire fixed-line business of the merged companies, including product development and marketing. Vodafone and KDG expect significant synergies from the merger from cross-selling to each other's customers as well as in network infrastructure and procurement. In addition to the merger announcement, KDG brought forward the publication of its annual results.
Tags: offers
eur
deutschland
kabel
CNPC says buys Marathon's Angola oil fields for $1.52 bln
2013-06-22 23:58:17| Oil & Gas - Topix.net
China National Petroleum Corp has agreed to buy Marathon Oil Corp's Angolan offshore oil and gas field for $1.52 billion, the country's top oil and gas producer said, marking its second major acquisition in Africa.
UPDATE 2-J&J in $1 bln deal to bolster prostate-cancer focus
2013-06-18 14:11:28| Food - Topix.net
Johnson & Johnson said it would pay up to $1 billion for Aragon Pharmaceuticals and its experimental drugs for prostate cancer, to bolster J&J's role in the field after it acquired another experimental prostate-cancer treatment four years ago that has become a leading brand.
Tags: update
focus
deal
bolster
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