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Citic to buy 79% stake in CTM for USD 1.16 bln
2013-01-14 01:56:00| Telecompaper Headlines
(Telecompaper) Hong-Kong based telecommunication service provider Citic Telecom has signed two sale and purchase agreements with Cable & Wireless Communications and Portugal Telecom to acquire their interests in Macau operator CTM. Citic will buy Cable & Wireless' entire 51 percent stake for USD 749.7 million and a 28 percent interest from Portugal Telecom for USD 411.6 million. The two acquisitions are conditional upon each other. Citic Telecom currently holds a 20 percent interest in CTM, and after the transactions are completed, the company will have a 99 percent holding in CTM, which will then become a subsidiary of Citic Telecom.
Indian govt demands INR 230 bln for excess spectrum holdings
2013-01-11 01:41:00| Telecompaper Headlines
(Telecompaper) The Indian government is demanding over INR 230 billion from mobile operators for excess spectrum holdings, the Times of India writes. BSNL is asked to pay around INR 69.12 billion, Bharti Airtel is required to pay INR 52.01 billion, Vodafone has been sent a notice for INR 35.99 billion, MTN for INR 32.05 billion, Idea Cellular for INR 21.13 billion, Aircel for INR 13.65 billion, Loop Mobile is asked to pay INR 6.06 billion, and Reliance Communications is required to pay INR 1.73 billion. In November, the government decided that operators are required to pay for spectrum holdings over 6.2 MHz from July 2008 to 1 January 2013. After that, for spectrum above 4.4 MHz they would have to pay for the remaining period of their licences based on the prices achieved in the auction held last November.
Tags: indian
excess
spectrum
demands
Telekom Austria forecasts 2013 group sales of EUR 4.1 bln
2013-01-08 11:22:00| Telecompaper Headlines
(Telecompaper) Telekom Austria is forecasting full-year group revenue of around EUR 4.1 billion for 2013, with capex of around EUR 0.7 billion. It intends to pay a dividend of EUR 0.05 for 2012 and 2013. The management expects expects the challenges which characterised the operational environment during 2012 to continue to dominate the development in 2013, namely intense competition in its mature mobile markets, further regulatory cuts, macro-economic headwinds and FX risks. Due to continued low visibility in its major markets, Telekom Austria considers it prudent to limit the financial outlook for 2013.
India's Tata plans to invest more than $8 bln over 2 years
2013-01-02 16:26:44| Steel - Topix.net
India's salt-to-software conglomerate Tata Group plans to invest more than 450 billion rupees over the next two years, its newly appointed Chairman Cyrus Mistry wrote in an internal mail on Wednesday.
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