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European Investment Bank Agrees GBP 168 Million Backing for Lincs Offshore Transmission Connection
2014-11-24 02:55:00| Transmission & Distribution World
The European Investment Bank has agreed to provide GBP 168 million for a new connection between the Lincs offshore wind farm and the UK national transmission network. read more
Tags: million
bank
connection
investment
BSkyB grows revenue 6% to GBP 1.93 bln in 1st fiscal quarter
2014-10-16 09:20:00| Telecompaper Headlines
(Telecompaper) Pay TV and broadband operator BskyB (Sky) reported revenue up 6 percent to GBP 1.93 billion in its fiscal first quarter to 30 September, compared with GBP 1.82 billion in the year-earlier period, as it added 51,000 new retail customers to take the total to 11.5 million. The revenue increase benefited from one month's price rise in September and a growing contribution rom transactional revenue, with Sky Store revenue up 125 percent. Wholesale revenue increased by 9 percent to GBP 105 million in the fiscal first quarter from GBP 96 million a year earlier. Advertising revenue increased by 6 percent to GBP 108 million from GBP 102 million, due to its rising market share and a first time contribution from AdSmart. The top line growth translated into higher profits, with EBITDA rising 6 percent to GBP 417 million. Operating profit increased by 11 percent to GBP 316 million from GBP 285 million. Net profit reached GBP 608 million, including a GBP 429 million gain from the sale of a 6.4 percent stake in ITV, compared to GBP 245 million in the first quarter of the last fiscal year. EPS grew by 8 percent to GBP 0.141 from GBP 0.13 over the same period.
Tags: 1st
quarter
fiscal
revenue
Skanska To Provide Site Wide Infrastructure For University Of Cambridge Project, UK, For GBP 50M, About SEK 546M
2014-08-13 07:49:51| publicworks Home Page
Skanska has signed a contract with the University of Cambridge, UK, to deliver the site wide infrastructure for Phase 1 of the North West Cambridge Development, the University’s largest single capital development project
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provide
project
university
BSkyB acquires Sky Deutschland, Sky Italia for GBP 4.9 bln
2014-07-25 08:43:00| Telecompaper Headlines
(Telecompaper) British Sky Broadcasting (BSkyB) has agreed to buy Sky Deutschland and Sky Italia from 21st Century Fox for a total of GBP 4.9 billion cash. The deal creates a new business, already dubbed 'Sky Europe' by the media, that will be the leading pay TV provider in three of Europe's four biggest markets, serving a total of 20 million customers. The news comes two months after the BSkyB said it was in talks with Fox, which is its biggest shareholder as well as the owner of Sky Italia and 57.5 percent of Sky Deutschland. BSkyB will pay for the deal with cash, debt and by a placing of shares that represents around 10 percent of the firm's issued share capital. In total, BSkyB confirmed it would pay GBP 2.45 billion for Sky Italia and GBP 2.9 billion for Fox's majority stake in Sky Deutschland. The payment for Sky Italia will also include BSkyB's stake in the National Geographic Channel, valued at GBP 382 million. In addition to the enhanced growth profile of the business, BSkyB expects to realise GBP 200 million of run-rate cash synergies by the end of the second full financial year after completion, with further additional synergies to come in subsequent periods.
Tags: deutschland
italia
sky
gbp
Liberty Global buys 6.4% of ITV for GBP 481 mln
2014-07-17 09:01:00| Telecompaper Headlines
(Telecompaper) International cable company Liberty Global has acquired 259.8 million shares in UK terrestrial broadcaster ITV from British Sky Broadcasting for approximately GBP 481 million. The investment gives Liberty an around 6.4 percent stake in ITV. Liberty Global will fund the purchase through existing liquidity and a loan linked to a hedging transaction secured by ITV shares. No regulatory approval is required with this level of investment. Liberty Global said it does not intend to make an offer to acquire ITV but reserves the right to announce an offer or participate in an offer for ITV within the next six months. CEO Mike Fries described the move as an opportunistic and attractive investment in Liberty Global's largest cable market.
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