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Hutchison and Cellnex confirm 'advanced talks' over EUR 10 bln tower asset sales
2020-11-04 10:57:00| Telecompaper Headlines
(Telecompaper) CK Hutchison, the parent company of mobile operator 3 Group, has confirmed recent reports that it is in advanced negotiations regarding the sale of its European mobile tower business to Spanish operator Cellnex Telecom, already Europe's largest mobile towers company. In a statement, CK Hutchison said it has reached "substantial agreement" on the key commercial terms for the disposal of the telecommunications infrastructure assets in Europe held indirectly by its CK Hutchison Group Telecom Holdings subsidiary to Cellnex. It added that total proceeds on completion of the transactions would amount to around EUR 10 billion, including minority partners' shares.
Tags: advanced
sales
eur
confirm
Australia, New Zealand confirm pregnancy warnings as alcohol industry decries costs
2020-07-17 12:26:00| Daily beverage news and comment - from just-drinks.com
Alcohol producers in Australia and New Zealand will have to display pregnancy health warning labels on their products, despite industry warnings the move will incur unnecessary financial costs.
Tags: industry
costs
australia
confirm
US and China confirm 'Phase One' tariff cut details
2020-02-06 14:39:00| Daily apparel & textile news and comment - from just-style.com
US Customs and Border Protection (CBP) has confirmed that Tranche 4 tariffs on goods imported from China will be cut in half from 14 February, while China has confirmed it is also halving duties on some US imports.
Fiat Chrysler and PSA confirm merger deal
2019-12-18 09:23:24| BBC News | Business | UK Edition
Unions at PSA's Vauxhall operation have previously raised concerns about the merger.
Tags: deal
confirm
chrysler
fiat
Cell C and Telkom confirm tie-up discussions
2019-11-18 09:36:00| Telecompaper Headlines
(Telecompaper) South African operator Cell C says it is discussing various proposals, including a non-binding offer from Telkom, with independent financial and legal advisers appointed by its lenders. Cell C confirmed that it had received an offer from Telkom but said it remains focused on ensuring operational efficiencies, restructuring its balance sheet, implementing a revised network strategy and improving overall liquidity. It said that negotiations with MTN for an expanded roaming agreement are at an advanced stage.
Tags: cell
discussions
confirm
telkom
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