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Tag: bln
Atlantic Broadband buys MetroCast cable ops for USD 1.4 bln
2017-07-10 16:37:00| Telecompaper Headlines
(Telecompaper) Cogeco Communications said that its Atlantic Broadband unit has agreed to buy all of MetroCast's brand name cable systems from Harron Communications for USD 1.4 billion. Cogeco said the deal will help the company expand in North America and further into the US cable market. Under the agreement, the Caisse de depot et placement du Quebec will invest USD 315 million for a 21 percent stake in Atlantic Broadband's holding company. The rest of the purchase price will be financed by secured debt financing from two banks.
Tags: usd
cable
atlantic
broadband
NCC says Etisalat and banks resolve USD 1.2 bln debt issues
2017-07-06 09:31:00| Telecompaper Headlines
(Telecompaper) The Nigerian Communications Commission (NCC) said mobile operator Etisalat and its creditors have successfully reached an amicable resolution of key issues pertaining to the company's USD 1.2 billion in debt. The regulator said that a smooth transitional process was under way on mutually agreed terms, reports the Daily Times.
Polish operator Play to raise up to PLN 5.3 bln in IPO
2017-07-03 14:38:00| Telecompaper Headlines
(Telecompaper) Polish mobile operator P4, which operates under the brand Play, will raise up to PLN 5.3 billion (EUR 1.25 billion) in its initial public offering of shares. According to the published prospectus, the owners plan to sell 38-48 percent of the shares in the Luxembourg-based company Play Communications, to which the mobile operator belongs. The maximum share issue price has been set at PLN 44, and if confirmed, this would value the company at PLN 11.04 billion (excluding debt).
Tags: play
raise
operator
polish
Alibaba invests USD 1 bln to raise stake in Lazada
2017-06-28 13:51:00| Telecompaper Headlines
(Telecompaper) Alibaba Group is investing another USD 1 billion in the southeast Asia e-commerce platform Lazada in order to increase its stake to 83 percent from 51 percent. The deal gives Lazada valuation of USD 3.15 billion, much higher than when Alibaba first bought its controlling stake for USD 1 billion in April 2016. Alibaba is acquiring the additional shares in the company from existing Lazada shareholders.
Google fined EUR 2.4 bln in EU search competition case
2017-06-27 11:59:00| Telecompaper Headlines
(Telecompaper) Google has received a fine of EUR 2.42 billion from the European Commission for abusing its dominant position in the search market and favouring its own comparison shopping service over other providers. The Commission first started investigating in 2010 and in 2015 brought formal charges against Google for violating EU competition law. The US-based company has repeatedly denied the charges, saying it faces a growing number of competitors in comparison shopping. The EU fine is based on Google
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