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Tag: bln
Vodacom Group quarterly revenue grows 5.8% to ZAR 19.9 bln
2016-07-21 10:56:00| Telecompaper Headlines
(Telecompaper) Vodacom Group's revenue increased by 5.8 percent to ZAR 19.9 billion for the quarter ended 30 June compared to ZAR 18.81 billion in the same period in 2015. Service revenue rose by 7.3 percent to ZAR 16.81 billion.
Tags: group
revenue
quarterly
grows
Sonatel fined XAF 14 bln for customer service violations
2016-07-15 10:18:00| Telecompaper Headlines
(Telecompaper) Senegal operator Sonatel has been fined XAF 13.959 billion by regulator ARTP for failure to meet customer service requirements. The fine is equal to 3 percent of the company's annual revenue in 2015. The violations concern regulations passed in 2014 requiring free calls to the operator's customer service line and continuous availability of the service, with no form of automatic filtering of calls. In addition the ARTP said its checks have found a large number of radio relay links at all three operators that have not been declared to the regulator. The regulator has called on Sonatel to pay another XAF 8.9 billion for undeclared sites and demanded XAF 6.6 billion from Tigo for the same reason.
Tags: service
customer
violations
fined
Facebook faces USD 1 bln lawsuit about Palestinian attacks
2016-07-12 09:26:00| Telecompaper Headlines
(Telecompaper) The Israeli and American families of victims of Palestinian attacks filed a USD 1 billion lawsuit against Facebook, claiming the social network is providing a platform for militants to spread incitement and violence, their lawyers said, as reported by the Associated Press. The Shurat Hadin group says Facebook violates the US Anti-Terrorism Act by giving militant groups such as Hamas a platform for spreading violence. Hamas called the lawsuit an Israeli attempt to blackmail Facebook.
Tags: usd
faces
attacks
facebook
Line prices IPO, could raise up to USD 1.3 bln
2016-07-11 09:36:00| Telecompaper Headlines
(Telecompaper) Japan said it will sell 35 million shares for its initial public offering (IPO), setting the price at JPY 3,300 per share. It will also offer a greenshoe of 5.25 million, taking the total raised to JPY 132.8 billion (USD 1.3 billion). At the IPO price, the company is valued at about USD 6.9 billion and will be the biggest technology debut of the year, Bloomberg reported.
Polycom accepts USD 2 bln bid from Siris
2016-07-08 15:29:00| Telecompaper Headlines
(Telecompaper) Polycom said it has terminated its previously announced USD 1.96 billion merger agreement with Canada's Mitel Networks and accepted one from Siris, for USD 12.50 per share in cash, or a total of USD 2 billion, including debt. A report had earlier noted the company received a higher offer from an unidentified private equity firm. Polycom will pay the requisite termination fee and then enter into a new merger agreement with Siris, previously described as "Sponsor 1" in Polycom's filings with the US Securities and Exchange Commission.
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