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Tag: bln
CK Hutchison to acquire 100% of Italy's Wind Tre for EUR 2.45 bln
2018-07-03 08:44:00| Telecompaper Headlines
(Telecompaper) CK Hutchison said the deal to take over sole ownership Wind Tre will secure strong recurring earnings for the years ahead. Last year its original 50 percent stake in the Wind Tre business contributed over EUR 1 billion attributable EBITDA and over EUR 800 million attributable EBIT for the group. Veon, meanwhile, said it expected to book a net gain of some EUR 1.1 billion when the all-cash agreement completes and intends to use the proceeds to pay off debt and reduce its leverage ratio.
Altice to sell stakes in French and Portuguese tower businesses for EUR 2.5 bln
2018-06-21 10:04:00| Telecompaper Headlines
(Telecompaper) Altice Europe has agreed to sell a 49.99 percent stake in its French tower business and a 75 percent stake in its Portuguese tower assets for a total cash consideration of EUR 2.5 billion. The deals, which have been in the making since the beginning of the year, deliver on the group's objective to reduce debt with the disposal of non-core operations.
Tags: sell
eur
french
businesses
Instagram passes 1 bln users, launches long-form video service
2018-06-21 07:57:00| Telecompaper Headlines
(Telecompaper) Instagram announced that it's passed 1 billion users, while launching a new service to watch long-form videos on the platform.
Tags: service
video
users
passes
AT&T close to deal to acquire ad exchange AppNexus for USD 1.6 bln - report
2018-06-20 08:52:00| Telecompaper Headlines
(Telecompaper) AT&T is close to a deal to acquire the advertising company AppNexus, the business news website Cheddar reported. Privately-held AppNexus operates an independent ad exchange for buying and selling of digital ads, which would help AT&T compete better with Google and Facebook and monetise its new content assets at Time Warner.
Tags: report
close
deal
exchange
Comcast makes USD 65 bln cash bid for 21st Century Fox
2018-06-13 23:49:00| Telecompaper Headlines
(Telecompaper) Comcast has made its official bid for most of the assets of 21st Century Fox. The company said it will give USD 35 per share in cash for the businesses. The offer, coming to a total of about USD 65 billion, represents a premium of 19 percent to Disney's all-stock offer. Comcast said the structure and other terms of its proposal, including with respect to the spin-off of "New Fox", "are at least as favourable to 21CF shareholders as the Disney offer". The company also noted that its bid was not dependent on any financing condition.
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