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Tag: bln
Shaw sells Shaw Media to Corus for CAD 2.65 bln
2016-01-13 18:41:00| Telecompaper Headlines
(Telecompaper) Shaw Communications has agreed to sell its Shaw Media operations to Corus Entertainment for CAD 2.65 billion in cash and shares. At completion, Shaw will own 39 percent of Corus. The deal will bring Shaw net proceeds of around CAD 1.8 billion, money which will be used to fund the previously announced acquisition of Wind Mobile for CAD 1.6 billion. This transaction is expected to close in the third quarter.
Sherritt, Sumitomo take $1.7 bln hit on Madagascar nickel mine
2016-01-13 10:32:31| Food - Topix.net
Jan 13 Canada's Sherritt International Corp and Japan's Sumitomo Corp said on Wednesday they would book more than $1.7 billion of losses on their Ambatovy nickel mine in Madagascar, as prices at 12-year lows wreak havoc among miners. The companies had been ramping up production at the 60,000 tonne a year nickel mine, but the prolonged slump in commodities is taking an ever greater toll on miners and traders, forcing losses, asset sales and writedowns, with no end in sight as the new year starts.
Tags: hit
mine
madagascar
nickel
Sherritt, Sumitomo take $1.7 bln hit on Madagascar nickel mine
2016-01-13 09:07:07| Grocery - Topix.net
Jan 13 Canada's Sherritt International Corp and Japan's Sumitomo Corp said on Wednesday they would book more than $1.7 billion of losses on their Ambatovy nickel mine in Madagascar, as prices at 12-year lows wreak havoc among miners. The companies had been ramping up production at the 60,000 tonne a year nickel mine, but the prolonged slump in commodities is taking an ever greater toll on miners and traders, forcing losses, asset sales and writedowns, with no end in sight as the new year starts.
Tags: hit
mine
madagascar
nickel
Telefonica, Mediapro reach EUR 2.4 bln football rights deal
2016-01-13 08:40:00| Telecompaper Headlines
(Telecompaper) Telefonica has reached a deal to acquire Mediapro's rights to broadcast Spain's top-tier La Liga football league and domestic cup competition (Copa del Rey) over the next three seasons, plus the UEFA Champions League and Europa League over the next two seasons, for a total of EUR 2.4 billion. In a statement to Spain's market regulator CNMV, Telefonica confirmed that its DTS unit, which had already been awarded the rights to some La Liga games in a recent auction, will now add Mediapro's BeIN Sports channel to its Movistar+ pay-TV service.
ZTE to invest CNY 4 bln in Changsha R&D, production site
2015-12-28 17:08:00| Telecompaper Headlines
(Telecompaper) The board of ZTE has approved plans to invest CNY 4 billion in a new R&D and production facility in the Changsha Hi-Tech Zone in Hunan province. The 260,000 m2 facility will develop and produce set-top boxes and other 'smart' equipment, internet and storage products and software for wireline communications, cloud terminals and related business, ZTE said. As the planned investment is worth more than 10 percent of the company's current assets, it remains subject to approval by a general meeting of shareholders. ZTE said construction of the new site is expected to take five years.
Tags: site
production
invest
cny
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