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Orange enters talks to sell Orange Armenia to Ucom

2015-07-22 08:45:00| Telecompaper Headlines

(Telecompaper) Orange has entered into exclusive discussions with Armenian ISP Ucom to sell it 100 percent of its mobile subsidiary Orange Armenia. The planned disposal is in line with Orange's Essentials2020 plan, which sees the group focus on providing customers with high-quality mobile and fixed convergent services. The operator said that although Orange Armenia has made significant progress in subscriber numbers and profitability, it does not have the necessary scale to carry out by itself the massive investment necessary to offer convergent services. Its sale to Ucom would enable the creation of a strong Armenian operator offering both fixed and mobile services. Orange Armenia, created in 2009, has deployed one of the country's biggest 3G+ networks in Yerevan and rural areas. It had 630,000 customers at the end of 2014 and employs 500 people.

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Magna Enters Into Agreement to Acquire Getrag

2015-07-21 12:31:10| Industrial Newsroom - All News for Today

AURORA, Ontario Magna International Inc. (TSX: MG, NYSE: MGA) today announced that it has signed an agreement to acquire the Getrag Group of Companies ("Getrag"), one of the world's largest suppliers of automotive transmissions. Getrag has an 80-year history in transmissions and is a technology leader, offering a...

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Orange enters talks to buy four Airtel units in Africa

2015-07-21 08:02:00| Telecompaper Headlines

(Telecompaper) Orange and Bharti Airtel International have entered into exclusive discussions to explore the possibility of Orange acquiring Airtel's subsidiaries in Burkina Faso, Chad, Congo Brazzaville and Sierra Leone. The companies said there was no certainty that any binding agreement would result from the talks, but provided no further details.

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R&P (Pte.) Ltd. And Hop Zenith Chemical Trading Enters Into MOU On Forming A Joint Venture Compounding Plant In China

2015-07-20 06:04:55| chemicalonline News Articles

R&P (Pte.) Ltd. (“R&P”) and Shanghai Hop Zenith Chemical Trading Co. (“Hop Zenith”), Ltd., are pleased to announce that both companies have entered into a memorandum of understanding (“MOU”) with the intention to form a joint venture (“JV”) company in China to produce, distribute and market Thermoplastic PolyOlefin (TPO) compounds, both locally and abroad, to the automotive sector in Asia-Pacific region

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