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Tag: bln
Dimension Data makes KES 3.05 bln offer for AccessKenya
2013-05-06 15:59:00| Telecompaper Headlines
(Telecompaper) Dimension Data has offered to buy ISP Access Kenya for KES 14.00 per share, or a total KES 3.052 billion. The offer is a premium of 42 percent on the closing price of KES 9.85 the day before the announcement. AccessKenya shareholders will also be entitled to receive the final dividend of KES 0.30 per share for 2012. One of the first ISPs to launch in Kenya, in 2000, AccessKenya employs 340 staff and provides predominantly connectivity-based data services to about 5,000 corporate customers in Kenya. These customers include large multinationals, government agencies and NGOs, as well as a large cross-section from industries across the economy. AccessKenya owns and operates a 400-km Carrier Ethernet fibre network in Nairobi and Mombasa, which connects over 500 commercial buildings. The company also operates two wireless networks which further extends coverage to 10 other towns around Kenya. In addition to offering wholesale and enterprise services, AccessKenya also has a high-end consumer base. AccessKenya's IT services arm focuses on value-added IT services including IT support, offsite backup and disaster recovery, email and security services, as well as other managed IT services on the customer's LAN. In 2012, the company's turnover was KES 1.9 billion and EBITDA reached KES 700 million.
Tags: data
offer
makes
dimension
Maroc Telecom Q1 revenue down 4.7% to MAD 7.18 bln
2013-04-30 09:32:00| Telecompaper Headlines
(Telecompaper) Maroc Telecom Group's revenues for the first quarter declined by 4.7 percent year-on-year to MAD 7.18 billion. The group attributed the slump in revenue to slower consumer spending in Morocco, where revenues fell 7.5 percent. This was partially offset by 7 percent growth at its international activities. The customer base reached nearly 34 million at 31 March, up 14.1 percent year-on-year, led by growth at the international business, which grew by 32 percent to 14 million customers. EBITDA amounted to MAD 4.23 billion, an increase of 0.1 percent, and the EBITDA margin rose by 2.8 percent points to 58.9 percent. This included a 3.4 percent decline in EBITDA in Morocco, compensated by strong growth in international EBITDA. The result was further helped by a higher gross margin (boosted by lower mobile termination rates), reduced customer acquisition costs and operating expenses, and a voluntary redundancy plan in the second half of 2012. EBITA was also up 0.1 percent to MAD 3.04 billion, while operating cash flow was down 13.2 percent to MAD 2.32 billion, after higher spending on network upgrades in Morocco.
Tags: mad
revenue
telecom
maroc
REFILE-Australia's GrainCorp bows to $3.0 bln ADM offer
2013-04-26 04:32:51| Agriculture - Topix.net
ROB Insight is The Globe and Mail's exclusive feature led by a team of award-winning editors and writers who provide you with in-depth analysis on breaking business news and the issues that matter most.
Verizon plans USD 100 bln bid for Verizon Wireless - report
2013-04-25 11:00:00| Telecompaper Headlines
(Telecompaper) Verizon has hired advisers to prepare a possible USD 100 billion cash and stock bid to take full control of Verizon Wireless from joint venture partner Vodafone, two people familiar with the matter told Reuters. Verizon, which already owns 55 percent of Verizon Wireless, has not yet put forward a proposal to Vodafone but it has hired both banking and legal advisers for a possible bid, the report said. Verizon hopes to start discussions with Vodafone soon for a friendly deal but is prepared to take a bid public if the British company does not engage in talks, one of the sources added. Verizon aims to raise around USD 50 billion of the purchase price through bank financing, with the remainder to be paid in its own shares. The US operator's board is expected to discuss details of the potential buy-out next week at a scheduled meeting. A Verizon spokesman declined to comment, apart from reiterating that the company would be a willing buyer of Vodafone's share in Verizon Wireless.
Tags: report
plans
wireless
usd
Google revenue rises 31% to USD 13.97 bln in first quarter
2013-04-19 08:14:00| Telecompaper Headlines
(Telecompaper) Google reported USD 13.97 billion of consolidated revenue in the first quarter, up 31 percent on the first quarter of 2012. The group's Motorola Mobile subsidiary had USD 1.02 billion of revenues, or 7 percent of consolidated revenues, and reported a USD 271 million operating loss, for a -27 percent operating margin. Google's operating income increased to USD 3.48 billion, or 25 percent of revenue, compared to USD 3.39 billion, or 32 percent of revenue, a year earlier. Net income, including net income from discontinued operations, reached USD 3.35 billion in the first quarter, compared with USD 2.89 billion in the year-earlier period.
Tags: google
usd
quarter
revenue
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