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UK government sells Eurostar stake

2015-03-04 01:07:46| BBC News | Business | UK Edition

The UK government says it is selling its 40% stake in the cross-Channel train operator Eurostar to an Anglo-Canadian consortium for 757.1m.

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UK Government to sell its stake in Eurostar

2015-03-04 01:00:00| Railway Technology

The UK Government has agreed to sell its 40% stake in the Eurostar high-speed rail service to a consortium consisting of Caisse de dépôt et placement du Québec (CDPQ) and Hermes Infrastructure, in a 757.1m deal.

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US Bishops' Comms Chair Welcomes Government Takeover of Internet

2015-03-01 00:56:46| Telecom - Topix.net

The chairman of the U.S. Conference of Catholic Bishops Communications Committee has welcomed the vote by the Federal Communications Commission to allow the government to take control over the Internet. According to a press release on the USCCB website, the move for the government to regulate the Internet is "crucial for allowing religions, including the Catholic Church, to communicate online," and will serve in "preserving service providers from discriminating against content makers."

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Fracking banned for five years by Tasmanian Government

2015-02-26 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Australian Broadcasting Corporation: The Tasmanian Government will ban the controversial mining practice known as fracking for another five years. Fracking involves injecting liquid at high pressure into underground rocks to extract oil or gas, and the practice has sparked controversy in New South Wales and Queensland. Tasmanian Primary Industries Minister Jeremy Rockliff, who declared a one-year fracking moratorium in March 2014, considered 155 submissions on the subject. Mr Rockliff said there was uncertainty around fracking,...

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Italian government blocks EI Towers bid for RaiWay

2015-02-26 08:28:00| Telecompaper Headlines

(Telecompaper) The Italian government has rejected a bid by Mediaset-controlled EI Towers to acquire rival Italian tower operator RaiWay for around EUR 1.23 billion in cash and stock. In a statement, the economic development ministry said that in view of the strategic importance of the assets, it wouldn't be accepting the offer. Under a September decree, at least 51 percent of RaiWay has to remain under the control of state broadcaster Rai. The government's move comes a day after EI Towers said it was offering EUR 3.13 in cash plus 0.03 new EI Towers common shares for each RaiWay share, valuing the Rome-based company's stock at EUR 4.50 each. The aim was to "create a single operator of broadcasting towers in Italy," said Mediaset. Rai Way was listed on the Milan stock exchange in November in an IPO that valued the company at around EUR 800 million and left Rai with a controlling stake of 65 percent. However, the news that Mediaset was seeking to acquire one of Rai's last strategic assets was described as unacceptable by Italian opposition parties and trade unions. EI Towers had earlier announced that its shareholders would be meeting on 27 March to approve a capital increase for the transaction.

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