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Tag: bln
Telia posts SEK 8.8 bln loss on Uzbekistan settlement
2016-10-21 08:53:00| Telecompaper Headlines
(Telecompaper) Telia reported a net loss of SEK 8.81 billion for the third quarter, compared to a profit of SEK 4.59 billion a year ago, due to provisions of SEK 12.5 billion for settling investigations into alleged corruption in obtaining its licence in Uzbekistan. Underlying profit from continuing operations, which excludes its activities in Eurasia and Spain up for sale, was up 0.4 percent year-on-year to SEK 3.60 billion. Telia completed the sale of Yoigo in Spain during the quarter and said it's also nearing a deal to sell its stake in Fintur, the holding company for its Eurasian activities, to minority shareholder Turkcell. An agreement on this is targeted for 2017, the company said.
Tags: posts
loss
settlement
uzbekistan
Naspers sells Allegro Group for USD 2.25 bln
2016-10-17 08:10:00| Telecompaper Headlines
(Telecompaper) South African media company Naspers has sold its 100 percent stake in Poland-based Allegro Group, including both Allegro and Ceneo, to funds advised by private equity firms Cinven, Permira and Mid Europa, for USD 3.253 billion. Naspers said the decision to sell Allegro Group was in line with its strategy to find and unlock value for shareholders.
Samsung warns for EUR 2.4 bln revenue drop in Q4, Q1
2016-10-14 09:51:00| Telecompaper Headlines
(Telecompaper) After lowering its guidance for the third quarter on the back of its Galaxy Note 7 woes, Samsung said it expects a drop in revenue to continue affecting revenues the following two quarters. The company said the move will have a negative impact of mid KRW 3 trillion (EUR 2.4 billion) on its operating profit from the fourth quarter of this year through the first quarter of next year. The impact is expected to be in the mid KRW 2 trillion range for Q4 2016 and RWN 1 trillion for Q1 2017.
Tags: eur
drop
samsung
revenue
Baidu announced USD 3 bln internet investment fund
2016-10-12 10:35:00| Telecompaper Headlines
(Telecompaper) Baidu has set up a new CNY 20 billion (USD 3 billion) internet investment fund, Reuters reported, citing a company statement on its official WeChat mobile messaging account. The Baidu Capital fund will make sure the company remains relevant in the smartphone era and beyond.
Tags: internet
investment
usd
fund
Snap planning IPO with valuation of USD 25 bln - report
2016-10-07 09:25:00| Telecompaper Headlines
(Telecompaper) Snap, the company formerly known as Snapchat, is planning an initial public offering (IPO) that could value the company at USD 25 billion or more, the Wall Street Journal reported, citing several sources familiar with the matter. There is still no guarantee the IPO will go through, and with that valuation.
Tags: report
planning
usd
snap
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