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SoftBank ups Sprint offer by USD 1.5 bln
2013-06-11 03:56:00| Telecompaper Headlines
(Telecompaper) Japanese communications provider SoftBank has agreed to raise its offer for US operator Sprint Nextel. In an attempt to fend off a rival offer from Dish Network, Softbank has increased its offer by USD 1.5 billion to USD 21.6 billion, which is still lower than Dish' offer of USD 25.5 billion. Softbank and Sprint said in a joint statement that Sprint's directors have unanimously determined that the proposal submitted by Dish is not reasonably likely to lead to a superior offer. Sprint shareholders were scheduled to vote on the offer on 12 June, but this has now been rescheduled to 25 June.
MTS revenue increases 2% in Q1 to RUB 93 bln
2013-06-07 21:40:00| Telecompaper Headlines
(Telecompaper) Russia and CIS operator Mobile TeleSystems (MTS) said first-quarter revenues increased 1.9 percent year-over-year to RUB 92.9 billion. This was led by a 7 percent increase in mobile service revenue in Russia to RUB 63 billion, while growth was held back by the suspension of operations in Uzbekistan. Adjusted OIBDA increased 2.6 percent to RUB 39.1 billion, and the group adjusted OIBDA margin improved 0.3 percentage points to 42.1 percent. Net income fell 16.9 percent to RUB 13.0 billion, hurt by forex losses of RUB 1.5 billion. Free cash flow reached RUB 24 billion, and total debt dropped slightly to RUB 222 billion.
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UPDATE 1-Pratt & Whitney finalizes $1 bln F-35 jet engine deal
2013-05-28 18:08:25| Industrial Machines - Topix.net
Pratt & Whitney, a unit of United Technologies Corp, on Tuesday said it finalized a $1 billion deal with the Pentagon for a fifth batch of engines for the single-engine Lockheed Martin Corp F-35 fighter jet.
Verizon Wireless to pay USD 7 bln in dividends
2013-05-14 08:51:00| Telecompaper Headlines
(Telecompaper) Verizon Wireless has approved a dividend worth USD 7.0 billion for its shareholders Verizon Communications and Vodafone. The dividend will be paid on 25 June. Verizon Communications owns 55 percent of the mobile operator, and Vodafone Group owns the remaining 45 percent. Vodafone said its share of the dividend would be USD 3.2 billion (GBP 2.1 billion). The company said it will say more on how it plans to use the cash at its next quarterly results announcement, on 21 May.
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Dow Chemical receives $2.2 bln as damages from Kuwait co
2013-05-07 19:45:26| Chemicals - Topix.net
Dow Chemical Co said it has received $2.2 billion as damages from Kuwait's state-run chemicals company, a year after an arbitrator told Petrochemical Industries Co to pay up for cancelling a planned plastics joint venture in 2008.
Tags: co
chemical
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