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Tag: bln
ZTE to raise CNY 11.5 bln in share issue to fund 5G development
2020-01-16 09:10:00| Telecompaper Headlines
(Telecompaper) ZTE announced plans to raise CNY 11.5 billion (EUR 1.5 billion) in a share offering to help fund 5G research and development and working capital. The company plans to issue the shares to institutional investors.
Tags: development
share
issue
fund
Nigerian Attorney General withdraws USD 2 bln claim against MTN, refers matter to tax and customs offices
2020-01-13 09:19:00| Telecompaper Headlines
(Telecompaper) Nigeria's Attorney General has withdrawn a tax claim of USD 2 billion against MTN and referred the matter to more relevant authorities. MTN Nigeria said that its legal council had received a letter dated 08 January stating that after careful review and due consultation with relevant statutory agencies, the Attorney General had decided to refer the matter to the Federal Inland Revenue Service (FIRS) and Nigeria Customs (NC), with a view to them resolving the issues.
Tags: general
tax
matter
claim
Xiaomi lifts investment in 5G, AIoT to USD 7 bln
2020-01-03 10:31:00| Telecompaper Headlines
(Telecompaper) Xiaomi wants to put at least CNY 50 billion (USD 7.18 billion) over the next five years into 5G and AIoT to ensure its lead in the field, CEO Lei June said in his New Year's address to the company. The money is an increase from last year's investment goal of CNY 10 billion under the company's 'All in AIoT' plan. "This is to ensure we win this new smart era," Jun said.
Tags: investment
usd
lifts
bln
Iliad completes EUR 2 bln sale of mobile towers to Cellnex
2019-12-24 10:16:00| Telecompaper Headlines
(Telecompaper) Iliad has announced the completion of its deal with Spanish infrastructure operator Cellnex Telecom, unveiled on 07 May. The telecom group has sold 70 percent of the subsidiary managing its mobile towers in France and 100 percent of the company managing its passive infrastructure in Italy, receiving from Cellnex an initial cash consideration of EUR 2 billion.
Brookfield Infrastructure buys Cincinnati Bell for USD 2.6 bln
2019-12-23 15:01:00| Telecompaper Headlines
(Telecompaper) Brookfield Infrastructure has bought Cincinnati Bell for USD 2.6 billion, including debt. The deal has received unanimous approval from Cincinnati Bell's board of directors but still needs to clear other customary conditions, including company shareholder as well as regulatory approval. It should clear by the end of next year. CEO Leigh Fox said the will enable the company to push its value over the long-term and expand its fibre network and services in Hawaii, Ohio, Kentucky, and Indiana, and across the nation.
Tags: usd
bell
infrastructure
cincinnati
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