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Tag: bln
Altice fibre JV to acquire French infrastructure operator Covage for EUR 1 bln
2019-11-25 10:13:00| Telecompaper Headlines
(Telecompaper) Altice Europe announced that its French fibre venture SFR FTTH has agreed to acquire infrastructure operator Covage for a total cash consideration of EUR 1.0 billion. The deal was reached with the operator's two main shareholders, private equity firm Partners Group and Cube Infrastructure Fund. The latter was reported to have hired Morgan Stanley earlier this year to find a buyer for its 50 percent stake in Covage.
Tags: eur
french
operator
infrastructure
French govt wants 5G spectrum auction floor price of EUR 2.2 bln
2019-11-25 09:37:00| Telecompaper Headlines
(Telecompaper) The French secretary of state for the telecom sector, Agnes Pannier-Runacher, said that the 3.4-3.8 GHz spectrum on sale in the forthcoming 5G auction will have a minimum price of EUR 2.2 billion. In an interview with Les Echos, she explained that the country's four operators will each be able to acquire a block of 50 MHz at a fixed price of EUR 350 million in the first phase of the award process. After the allocation of the four blocks, totalling 200 MHz, operators will have to bid for the remaining 110 MHz of spectrum in an auction that will see each block of 10 MHz selling for a starting price of EUR 70 million. At the end of the two-part tender process, the maximum spectrum holding that an operator can obtain is 100 MHz.
Tech Data agrees USD 5.4 bln takeover by Apollo
2019-11-13 12:43:00| Telecompaper Headlines
(Telecompaper) Tech Data has agreed to a takeover bid worth USD 5.4 billion from private equity group Apollo Global Management. The offer to go private is worth USD 130 per share, a 24.5 percent premium on the ICT distributor's average share price in the past month, since reports of a possible bid first emerged.
Apple unveils USD 2.5 bln plan to combat affordable housing crisis in California
2019-11-05 09:33:00| Telecompaper Headlines
(Telecompaper) Apple has announced a USD 2.5 billion plan to make housing more affordable and available in California. Working with California Governor Gavin Newsom and a number of community-based organisation, Apple said it will invest in statewide housing support and help fund projects in Silicon Valley and the Bay Area. The state has seen prices jump for renters and homebuyers over the past few years, leaving many people behind. Apple noted that almost 30,000 people left San Francisco between April and June of this year and that homeownership in the Bay Area was at a seven-year low. The financing plan should take two years to become fully available. Capital returned to Apple will be reinvested into future projects over the next five years.
Tags: plan
california
usd
apple
Google buys Fitbit for USD 2.1 bln
2019-11-01 15:25:00| Telecompaper Headlines
(Telecompaper) Fitbit has accepted a takeover offer from Google worth USD 7.35 per share in cash, or a total of USD 2.1 billion. The deal is expected to close next year, subject to the usual closing and regulatory conditions, including approval from Fitbit's shareholders.
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