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Green Climate Fund clears way for $2.5 bln funding challenge
2016-03-11 05:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: The Green Climate Fund made progress in closing administrative and policy gaps at a meeting in South Korea this week, and now faces the uphill task of allocating $2.5 billion this year for projects to tackle climate change, experts said. The 24-member board of the fund, which aims to become a major channel for tens of billions of dollars to help poorer nations develop cleanly and adjust to more extreme weather and rising seas, approved 13 new agencies to carry out projects. It also agreed to...
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RTL Group reports record EUR 6.03 bln revenue for 2015
2016-03-10 21:14:00| Telecompaper Headlines
(Telecompaper) European entertainment network RTL Group has reported record revenue of EUR 6.03 billion for 2015, up 3.8 percent from EUR 5.81 billion in 2014, driven by increasing revenue at Mediengruppe RTL Deutschland, growing digital revenue and favourable exchange rate effects. Group revenue is well diversified with 53.7 percent from broadcast advertising (TV and radio), 22 percent from content, 8.4 percent from digital activities, 4.1 percent from platform revenue (EUR 248 million) and 11.8 percent other revenue. Reported EBITA reached a record EUR 1.17 billion in 2015, up 2 percent from EUR 1.14 billion in 2014, mainly driven by a significantly higher EBITA contribution from Germany.
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Etisalat Group FY revenue up 7% to AED 51.7 bln
2016-03-10 09:07:00| Telecompaper Headlines
(Telecompaper) Etisalat Group reported revenues up 7 percent to AED 51.7 billion for 2015, led by a strong performance in its home market and the takeover of Maroc Telecom. UAE revenues rose 6 percent to AED 28.8 billion, thanks to customer growth and more sales of bundled packages. The company's net profit fell to AED 8.3 billion from AED 8.6 billion in 2014, and EBITDA totalled AED 26.5 billion, resulting in an EBITDA margin of 51 percent. Etisalat Group reported total subscribers of 167 million at year-end. The board proposed a final dividend payout of AED 0.40 per share for 2015, representing a total dividend of AED 0.80 for the year and a dividend payout ratio of 84 percent.
Samsonite offers to buy premium luggage group Tumi for $1.8 bln
2016-03-04 04:17:00| Furniture - Topix.net
Samsonite International S.A. said on Friday it would buy Tumi Holdings Inc for $26.75 per share in an all-cash transaction valuing Tumi at $1.8 billion, as the world's biggest luggage group expands into the premium segment. "It will meaningfully expand our presence in the highly attractive premium segment of the global business bags, travel luggage and accessories market," Samsonite Chief Executive Officer Ramesh Tainwala said in a statement.
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Bidder preparing USD 1.1 bln bid for Telecom Argentina stake
2016-02-29 08:37:00| Telecompaper Headlines
(Telecompaper) Argentine businessman Carlos Newbery is preparing to make a bid for Telecom Italia's stake in Telecom Argentina, reports Bloomberg, adding that Newbury is ready to offer 10 percent more than US-backed investment fund Fintech. "The valuation and potential of the company is higher than what has been offered and we are ready to improve it up to USD 1.1 billion," Newbery told Bloomberg. Although Telecom Italia reached a deal back in 2013 to sell its 68 percent controlling stake in Telecom Argentina holding company Sofora to Fintech for USD 960 million, it has so far only been able to divest an initial 17 percent share.
Tags: argentina
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